insurance

The Insurers now need to approve cashless claims related to COVID hospitalisation within 60 mins of receipt of the required documents. IRDAI has directed insurers to inform various hospitals about authorisation of cashless claims…

The general insurance industry is pinning hopes on the government to favor their request for a raise in third party (TP) motor insurance rates for 2021-22. The general insurance industry is pinning hopes on the government to favor their…

LIC Triggers 300% Growth In 12 Months; Collects Rs 1.84 Lakh Crore Premium, Their Highest Ever! LIC declared on Tuesday that it has collected Rs 1.84 lakh crore as of March 31, 2021, making it the highest ever new business premium…

Privatization Of Insurance Firms Starts: United India Insurance Can Be Sold To Private Firms Latest reports reveal that the government is considering United India Insurance as one of the state-run insurers for privatization.  …

1.14 Lakh LIC Employees Protest Against Privatisation; Massive Strike On This Date LIC employees have declared a single day strike across the country effective from today. They are demanding that the Centre recall its disinvestment…

50 Lakh Gig Workers From Uber, Swiggy, Ola Will Get Govt Insurance Under ESIC Once the Social Security Code is implemented for platform and gig workers, the labor ministry is targeting to bring 40-50 lakh of these workers under the…

An amendment to Insurance Act to increase FDI limit from 49% to 74% has been approved. Just over a month after unveiling of the Union Budget 2021-22, a proposal to amend Insurance Act, 1938 has been approved. FDI which was earlier…

SBI customers with a Jan Dhan account can now apply for a Rupay Jan Dhan Card to avail benefits of an accident insurance cover of upto rs 2 lakh. There is some good news awaiting the Pradhan Mantri Jan Dhan account holders of the State…

A higher regular income pension product to be brought out by IRDAI If you were always wondering whether or not you will ever be able to buy a a pension product that will give you higher regular income, then god has smiled upon you, or…

Yes Bank has launched a new imitative to strengthen the MSME sector in India, the YES MSME. The Mumbai-based private sector bank Yes Bank Limited has launched a new initiative to strengthen the Micro, Small and Medium Enterprises (MSME)…