Insurance and Technology
Finance Ministry officials had recently told insurers that the government will create a ‘talent pool’ of officials who will be eligible for the fast-track promotions to hold the top positions of the public sector general insurance companies.
The Shri Mata Vaishno Devi Shrine Board also approved additional life insurance cover of Rs 5 lakh to pilgrims who avail the service of the upcoming passenger ropeway between Bhawan and Bhairon Ghati.
The deceased died on account of ‘cardio respiratory arrest’ which was existing for only five months prior to the date of death. Thus, clearly, this disease was not prevailing when the proposal form was filled. The disease of diabetes, though was existing for some time but was under control at the time of filling up of the proposal form.
Two-wheeler buyers have to pay nearly 10% of the vehicle’s price upfront towards insurance premium, while car-buyers are seeing the cost of motor cover double from last month. The premiums have jumped up significantly...
IRDAI’s directive comes in the wake of a judgment of the Madras high court on October 2017. The court had ordered IRDAI to hike the personal accident cover from the existing Rs 1L MUMBAI:...
Due to this, the industry may take an estimated hit of Rs 12,000-15,000 crore. This will go up as the compensation amount increases in January 2019
We have seen every country where Actuarial profession is well understand and known have their own regional communities where people meet & greet among themselves in a timely manner and discuss on the betterment of the profession and how each individual can contribute. We are expecting the same from our working professionals.
Goldman Sachs plans to buy stake in Sundaram Finance’s Royal Sundaram General Insurance through one of its private equity fund
One of the biggest incubators in Asia, Venture Catalysts, has invested $1 million in Kolkata based insurance management startup Ideal Insurance brokers in its seed round of investment. The round also saw participation from...
Health insurance continues to be mostly a product that is bought offline. But according to a study, younger policyholders (age group of 25-44 years) and those in metros are more likely to buy online....
