IRDAI Relaxes Entry Norms For Insurance Biz, Reduces Solvency Margin

New Delhi- Insurance regulator IRDAI on Friday approved a host of reforms, including easing the entry norms and reducing solvency margin that will unlock...

Insurance Contracts Have Very Little Option For Consumers: Supreme Court

New Delhi- Insurance contracts prepared by an insurer have very little option or choice for a consumer, except to sign on the dotted lines, the...

LG Extends Rs 2 Lakh Insurance Cover To Entire Workforce of J&K

Asks Labour & Employment Department To Ensure J&K Is Free From Bonded And Child Labour Srinagar- Lieutenant Governor, Manoj Sinha on Monday extended Rs 2...

Govt Plans To Revamp Crop Cover Scheme PMFBY To Woo More Insurers And Rationalise...

New Delhi- Amid reports of some insurance companies making profits in the government's flagship crop cover scheme PMFBY, the Centre is planning to revamp...

DPIIT Notifies 20% FDI In LIC Under Automatic Route

New Delhi- The Department for Promotion of Industry and Internal Trade (DPIIT) on Monday notified a government decision to allow up to 20 per...

Covid Health Insurance Policies Will Also Cover Omicron Infection Treatment Costs: Irdai

New Delhi- Insurance regulator Irdai on Monday said health insurance policies that cover COVID treatment costs will also cover expenses for treating infections due...

Incurred Claims Of Standalone Health Insurers Grow At Slower Pace In Covid-Hit FY21

New Delhi- Net incurred claims of standalone health insurers rose by 5.34 per cent in the COVID-hit 2020-21 compared to 35.47 per cent increase...

Insurance Products Emerge As Preferred Financial Tools To Meet Future Goals: Survey

NEW DELHI- Insurance products emerged as the preferred choice of savings and investments for parents after the pandemic, as they consider these as low-risk...

Sehat Scheme: 49.1 Lakh Ayushman Cards Generated Across J&K

SRINAGAR: Additional Chief Executive Officer (ACEO), National Health Authority (NHA), Government of India, Dr. Praveen Geedam Friday chaired a meeting to review the progress...

Govt mulls permitting foreign investment in LIC

New Delhi (PTI): The government is mulling allowing foreign direct investment (FDI) in the country's largest insurer LIC, a move which would help overseas...