Page 5 - Insurance

No noticeable change in insurance coverage during Covid pandemic: Govt

The government Friday said there has been no noticeable change in insurance coverage in the country during the COVID-19 pandemic.

Top headlines: Fed on US economy, IAF deploys Rafales to counter China

Business Standard brings to you the top headlines on Thursday

Delhi HC extends insurance benefit under welfare scheme to lawyers

The Delhi High Court has held that the benefit of the Chief Minister's Advocates' Welfare Scheme shall extend to all advocates registered with the Bar Council of Delhi

Reliance Nippon Life declares Rs 306.8 cr bonus to policyholders

This bonus issuance will benefit over 685,000 participating policyholders

Govt readies amendments to GIBNA for insurance PSU privatisation

The government is working on amendments to the GIBNA Act, and a Bill for that is likely to come up in the upcoming monsoon session

Need to reduce your portfolio risk by rebalancing, say analysts

Avoid extreme steps like investing more in equities amid the bull run, or exiting completely for fear of a correction

Steps to undertake while conducting a mid-year review of your portfolio

Mid-year reviews have become extremely crucial for assessing portfolio health during Covid-19 times

Policybazaar.com forays into insurance brokerage, opens 15 retail stores

The brand will eventually expand to 100 locations

Amazon employees turn into Covid warriors to fight pandemic in India

The team works 24x7 to support colleagues, their families and friends. Its helps find hospital beds, ambulances and isolation centres and addresses queries on claims, insurance, leave and pay advances

Insurers to process claims under govt's flagship schemes within a week

Finance Minister Nirmala Sitharaman meets heads of insurance companies for faster claim settlement amid pandemic

Insurance startup Plum raises $15.6 mn Series A funding led by Tiger Global

Group health insurance startup Plum said on Monday it has raised a USD 15.6 million Series A led by Tiger Global with participation from earlier investors Sequoia Capital India's Surge, Tanglin Venture Partners, Incubate Fund and Gemba Capital. Angel investors in this round include Kunal Shah (founder, Cred), Gaurav Munjal, Roman Saini and Hemesh Singh (founders of Unacademy), Lalit Keshre, Harsh Jain and Ishan Bansal (founders of Groww), Ramakant Sharma & Anuj Srivastava (founders of Livspace), and Douglas Feirstein (founder of Hired). Bengaluru-headquartered Plum raised USD five million in earlier rounds last year. With over 600 organisations on-boarded, Plum said in a statement it has been witnessing a growth rate of 110 per cent quarter-on-quarter. Its client base includes SMEs, corporates and 'fast- growing' startups in India, including Groww, Unacademy, Twilio, CleverTap, UrbanLadder, smallcase and Simpl, the statement said. The funds raised will be used to ..

Insurance in the time of the pandemic

Greater digital adoption has increased the risk of fraud. Without personal interactions, assessing the risk profile of customers has become an arduous task

Buyer entitled to refund in case of delay

The National Commission concluded force majeure or delay due to reasons beyond the control of the builder would not apply to dereliction of duty

Infosys, Majesco collaborate to accelerate digital experience for insurers

IT services firm Infosys and Majesco, a cloud insurance software solutions provider, on Tuesday, announced a strategic collaboration to work together to help joint customers accelerate their digital transformation journey. This will help unlock new opportunities, address the demand for personalised customer experiences, operational effectiveness, and digital adoption across the insurance business value chain, a regulatory filing said. Infosys' insurance domain and digital capabilities combined with Majesco's cloud-based suite of solutions including the Majesco L&A and Group Core Suite, Majesco P&C Core Suite, and Majesco Digital1st Insurance on Majesco CloudInsurer, will accelerate business growth and innovation for the insurance industry, it added. The combined synergy will help Life & Annuity (L&A), Group, and Property & Casualty (P&C) customers transform their business and will benefit insurers in achieving agility and innovation at speed and scale, the ...

LIC's holding in listed companies at all-time low on profit booking in Q4

Insurance behemoth LIC opted for profit-booking by selling its equity stakes in companies during the March quarter, a report said on Monday

Life insurers' new business premium up 45 pc at Rs 9,739 cr in April

Life insurance companies logged nearly 45 per cent growth in their cumulative new business premium at Rs 9,738.79 crore in April 2021, Irdai data showed on Friday

Insurance giant LIC to have five working days starting from May 10

Saturdays have been declared as a holiday for the insurer.

Run for cover will need longer strides: Insurance experts at BS Webinar

At Business Standard webinar on De-risking the Risk Business, they say one can expect a deadline extension for the implementation of IFRS 17, given the Covid pandemic

Insurers see adverse impact of Covid-19 claims on their loss ratio

Indian insurers had not factored in the impact of Covid claims while underwriting their products

Amid Covid-19 pandemic, India's insurance sector has seen contrarian growth

The industry has outperformed its global peers, but mostly by exiting the bottom of the pyramid