Insurance

Friday, Apr 19, 2024 | Last Update : 06:33 AM IST

Finance Minister Nirmala Sitharaman in the Lok Sabha during Budget Session of Parliament. (Photo: PTI)

Karan Thapar | Decoding the numbers: What the FM didn’t say

When you dig into details and ponder over the implications, the Budget feels rather different to what you’ve heard

19 Feb 2021 4:51 AM

The hike in deposit insurance coverage has been a long pending demand from bank depositors and it recently came to fore after the crisis at PMC Bank.

Deposit insurance hike: RBI says not to hit banks balance-sheets

The budget allowed the Deposit Insurance and Credit Guarantee Corporation to raise deposit insurance coverage to Rs 5 lakh from Rs 1 lakh.

07 Feb 2020 11:11 AM

The CCI did not respond to a request for comment.

India reviewing anti-trust complaint against Maruti Suzuki: sources

Indian law says such practices are anti-competitive if they end up stifling competition and limiting consumer choices.

10 Jan 2020 10:21 AM

A variety of factors that include a changing lifestyle, unhealthy food habits and increasing stress levels are contributing to an unprecedented increase in critical illnesses.

Critical Illness Insurance: For the needs you cannot anticipate

A critical illness is something that not only attacks your health but also your wealth.

21 Dec 2019 1:58 PM

Finance Minister Nirmala Sitharaman invited Swedish firms to invest in infrastructure development projects. (Photo: File)

Government open to further reforms: FM Nirmala Sitharaman

Govt is committed for further reforms in sectors such as banking, mining, insurance among others said FM Sitharaman.

03 Dec 2019 12:35 PM

Govt mulls raising insurance cover on bank deposits to above Rs 1 lakh: FM

At present, bank depositors get an insurance cover of Rs 1 lakh on their amount by the Deposit Insurance and credit Guarantee Corporation.

15 Nov 2019 7:19 PM

As the owner of a two-wheeler, you can either buy a minimum of third-party two wheeler insurance cover or an all-inclusive comprehensive cover.

Two-wheeler Insurance: Know the nuts and bolts

In India it is mandatory to buy third-party two-wheeler insurance for all bike and scooter owners.

18 Oct 2019 11:39 AM

Uber, which operates in over 40 Indian cities, has partnered with Bharti AXA to provide insurance to car rides and with TATA AIG for auto and moto rides. (Photo: File)

Uber to offer accident insurance to riders

Riders will be insured for up to Rs 5 lakh in case of accidental death or disability and up to Rs 2 lakh for hospitalisation.

25 Sep 2019 6:55 PM

In the farming category, the bank proposes to offer products such as agri crop loan, farm machinery, equipment seeds and fertilisers.

Bank of Baroda to foray into e-commerce business

The bank said it will offer various kinds of banking services and farm-related products on its e-commerce platform.

11 Jul 2019 3:15 PM

In 2011, Axis Bank acquired 4 per cent stake in Max Life for an undisclosed value.

No proposal with Irdai for 10 per cent stake sale in Max Life to Axis bank: MFS

During 2018-19, Max Life recorded gross written premium of Rs 14,575 crore.

09 Jul 2019 3:38 PM

"Enforcement of contracts and arbitration process needs to be strengthened. Even when awards have been given, enforcing the awards remains a challenge," said Ficci in statement.

Ficci for increasing FDI cap in insurance to 74 per cent

In line with 100 pc FDI in food retail, a similar policy could be considered for multi-brand retail in products, said Ficci.

13 Jun 2019 7:02 PM

Motor insurance protects your vehicle and provides coverage in case it suffers damage due to any reason. (Photo:Represenational)

5 important facts about car insurance

Which policy should you choose? We share some essential facts to consider while evaluating a car insurance policy.

13 Jun 2019 1:08 PM

The capital infusion will help them improve their financial health to an extent that the proposed merger of the general insurance firms could take place.

Govt may announce infusion of Rs 4,000 cr in PSU non-life firms in Budget

The announcement to this effect could be made in the first full-fledged Budget of Modi 2.0 government.

05 Jun 2019 3:00 PM

A term insurance policy is a working person's preferred financial protection instrument.

Do senior ccitizens need term Insurance?

A term insurance policy provides low-cost life coverage with no investment benefits. Any person who meets the eligibility criteria can purchase one.

20 May 2019 4:45 AM

Modi promises collateral-free loan, insurance, pension as he woos traders

PM Modi promised collateral-free loan of up to Rs 50 lakh, Rs 10-lakh accidental insurance to GST-registered entitie.

20 Apr 2019 8:58 AM

The offering entails personal accident cover, protection against third-party liabilities and inspection-free renewal through a fast, paperless process. (Photo: AFP)

Airtel Payments Bank partners with Bharti AXA for two-wheeler insurance

Customers without an Airtel Payments Bank account can also avail this policy.

19 Apr 2019 2:32 PM

As per the draft guidelines, the claim payment period of the product could be maximum of five years and 'the claim installments shall be spread during claim payment period.'

Soon, you may have the option to settle insurance claims in instalments

Insurance Regulatory and Development Authority of India had set up a working group to study a proposal in this regard.

07 Apr 2019 3:00 PM

Bank of India has a 28.96 per cent stake in the joint venture, while Union Bank of India and Dai-ichi Life owns 25.10 per cent and 45.94 per cent, respectively.

Bank of India looks to divest insurance JV stake worth about USD 160 mn

Bank of India is looking to sell 64.9 mn shares, or 25.02 pc stake, in Star Union Dai-ichi Life Insurance Co Ltd.

05 Apr 2019 1:53 PM

Delhi consumer commission said medical insurance is primarily obtained for the purpose of unforeseen medical conditions and so long as there has been no fraud at the time of obtaining insurance, policies ought to be honoured. (Photo:Represenational/PTI)

People run from pillar to post to get insurance claim: Delhi consumer commission

On most occasions, a person who intends to obtain insurance has no choice to say no to a clause in an insurance policy, the commission said.

20 Mar 2019 12:06 PM

Technology is now an enabler for generating growth i.e. the future of any insurance company would now depend on the type of technology it uses and how well it can bring its advantages into use.

How technology has a huge impact on the Insurance Sector

If the technology is more effective, then ultimately it results in greater growth.

16 Mar 2019 2:24 PM

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Mohan Guruswamy