Thai Crop Insurers Seeking Satellite Technology and Big Data

The Thai General Insurance Association (TGIA) and Thaicom have joined hands for using satellite technology and big data for the development of crop insurance.

The TGIA and Thaicom, a satellite operator that provides satellite and telecommunication services, have signed a Memorandum of U...

DELHI HC REFUSES TO STAY MEDICLAIM PREMIUM CIRCULAR

HIGHLIGHTS

• Delhi HC has refused to stay circular on Mediclaim Premium Circular from GIPSA.
• Next hearing will be on 19 AUG 2021.

In FEB 2021, a circular from General Insurance Public Sector Association (GIPSA) was issued which was to ...

INDIAN GOVERNMENT MAY PRIVATIZE AN INSURANCE COMPANY

HIGHLIGHTS

• Indian Government is considering plans to privatize either of Oriental Insurance or United India Insurance.
• Some rumors say that both countries might get privatized.
• Both companies may be able to generate interest from the privat...

INSURANCE WORKERS IN HYDERABAD ON HUNGER STRIKE

HIGHLIGHTS

• Insurance workers in Hyderabad started hunger strike on 27 JAN 2021.
• Workers are demanding settlement on owed wages.
• The workers are against the merger of four insurance companies.
• The protesting workers also want bett...

An insurance plan that also involves your mates

CHENNAI: Friend Assurance provision introduced by health insurance companies will now allow all friends and family to buy a health insurance policy, in addition to a bonus given to the healthiest party.

Religare Health Insurance, Max Bupa Health Insurance, and Kotak Mahindra General Ins...

General insurance want FDI to be raised to 74 percent

General insurance firms are in favor of expanding the sector's ceiling on foreign direct investment (FDI) to 74%.

The General Insurance Council (GIC), India's representative body of general insurance, health insurance and reinsurance firms, met last week to discuss insurance com...

You Need To Buy A Diabetes Insurance Plan? Then Know These Key Things Before Doing That

New Delhi: Diabetes is turning into a lifestyle-related disease. it's been noticed that people within the 20-30 years age group have more and more been obtaining stricken by this sickness. A business daily citing claims analysed by Bajaj Allianz aforesaid that between 2016 and 2019, diabetes-...

Due to the mega-merger of insurance firms around 15 thousand employees will be laid off

It has been declared by Nirmala Sitharaman, the Finance Minister that there will be merging of Insurance, National Insurance, and United India for creating the biggest non-life insurance firm of India.

There will be a modification in the General Insurance Business Nationalization Act in...

Leveraging Artificial Intelligence for quick settlement of claims

The Whole time Director, Amnaika Roy Rashtrawar, of IFFCO Tokio General Insurance said that technology would play a major role in the extension of the reach of insurance products to several remotest parts of the country. She shared her views during an interview regarding the recent developments i...

We aim to move ahead on insurance PSUs union

Nirmala Sitharaman, Finance Minister mentioned that administration would be progressively working on the union of the 3 general insurance corporations being run by the state as proclaimed in the last Budget.

This was a Budget declaration and I shall be working further on that, she state...

Top financers pull out of government policy

Insurances in India are very tricky as most of the investment goes into advertising a policy, which is a moving topic. The insurance sector took a major hit because there have been reports that, along with banking, there has been serious damage been done to the insurance sector that is largely at...

General insurance future

As the nation has progressed it has seen a huge rise in the general insurance demand and this has been noticed by the industry and the companies are making new policies that maximize the benefits of the newly purchased general policy. This is also helping the people choose from the policy that th...

IOB dispatches medical coverage arrangement for clients

Karnam Sekar, MD, and CEO, Indian Overseas Bank, stated, "The Bank's involved acquaintance with Universal Sompo brought about offering different imaginative approaches on the constant reason for IOB clients. The bank group will advance approaches of Universal Sompo that would increment n...

General insurance good idea?

In India insurance policies is not the same as the rest of the world. United States has an insurance policy that cover the insured for almost all state owned services from healthcare to home insurances. In India the insured get better insurance from the private sector insurers rather than the gov...

Insurance claims to get better

Insurance in India is a very uncommon thing and with more than half the population not having any kind of insurance it makes only the matters worse. The insurance system in India is beyond understanding for some.

Claims for insurances in India are still a huge nightmare and the sector i...

The Apollo Hospitals sold their insurance biz to the HDFC

The choice to sell stake in Apollo Munich Health Insurance to HDFC is certain for advertiser Apollo Hospitals as the arrangement will enable it to lessen promised shares, worldwide financiers said. Nations biggest lodging account partnership HDFC, on June 19, said it would purchase Apollo Hospita...