Insurance News

Buying a car? You now have to buy long-term insurance and here's what you should know about it

A Supreme Court’s order will ensure long-term cover for vehicles, thus saving owners from getting a yearly renewal, and reduce the number of non-insured vehicles plying on the road.

Kerala floods: What you should know about claiming insurance for damaged vehicles and property

Luckily the claims settlement process has been simplified and deadlines have been extended to address the crisis.


Insure not just your house, but your home

It is wise to plan ahead and insure your home if you live in a calamity-prone area. Even if you don’t, you should still buy insurance for safety.

Buying a shopkeeper’s insurance policy is the way of a smarter businessperson

This package policy combines various insurance requirements of shopkeepers and gives cover for fire, burglary, larceny, and various other perils. It covers workmen compensation, baggage insurance and can also be extended to cover terrorism.

New India Assurance doubles net profit in Q-1

The company is targeting to achieve gross premium of Rs 26,000 crore by the fiscal-end which will include the domestic premium of Rs 22,000 crore.

Over-regulation to blame for woes: Ex-IRDAI member

Enlisting the growth barriers, the report explained that currently the regulations are prescriptive and rule-based, and often there is carping on ‘market not mature’ and ‘data not adequate’. Private players reported underwriting losses of Rs 2,500 crore in FY 2017.


Insurance: What consumers can look forward to this year

With a host of reforms steadying the ship in 2015, the sector seems well placed for a better year ahead

Chandigarh: Insurance firm asked to pay compensation for service deficiency

The forum has directed the insurance company to pay the full maturity amount of Rs 77,341.

IRDA to track agents’ records

On new norms for agents, he said, “a corporate agent is going to be intermediary, representing the interest of the customers.

Irda says no to 100% FDI in insurance broking biz

There are around 400 members who handle 20 per cent of the Rs 84,000 crore premium generated by the Indian general insurance industry.