Page 9 - Insurance

Irdai urges use of video KYC with geo-tagging, live photo of customer

In January this year, RBI had allowed banks and NBFCs to complete full KYC remotely. A number of banks have rolled out this service since the RBI's nod

Unlock BFSI 2.0: Insurance reinvented itself in pandemic, says industry

Industry rapidly scaled up digital services to help customers, say speakers at Business Standard webinar 'Insured and Safe'.

Irdai invites applications for innovative ideas under regulatory sandbox

Irdai said it has created a regulatory sandbox with the objective of using new and innovative ideas with a view to accelerate the growth of the sector

Unlock BFSI 2.0: From push, insurance has become a 'nudge product'

While demand for insurance, especially protection products, has gone go up, affordability is an issue

Unlock BFSI 2.0: Insured and safe — Insurance in the time of pandemic

Sales of Corona Kavach health insurance policies on rise: Max Bupa

"The initial response for Corona Kavach plan has been encouraging and we are selling between 200-300 policies every day," Ramachandran said

Maharashtra extends insurance cover to private doctors who die of Covid-19

Maharashtra government has extended Rs 50 lakh insurance cover to private doctors who die of coronavirus infection during the pandemic, an official said on Friday

We're hoping growth in insurance will pick up by Q2-end: Irdai Chairman

In an email Q&A, Subhash Chandra Khuntia speaks about the positive response to Corona Kavach policy, standardisation of covid treatment rates and need for a retrenchment cover

Insurers can take action against hospitals denying cashless service: Irdai

An insurance company can take action against a hospital for demanding advance from a policy holder who is supposed to get cashless service

Not a good idea: Surrendering insurance policy early entails higher loss

To avoid losing protection cover, explore the option of taking a loan against it

Air India Express plane, which overshot runway, was insured for $50 mn

Air India's fleet is insured for around $10 billion and the airline has a liability cover of $750 million

Covid-19 brings about shift in insurance preference; group biz on the rise

While the pandemic has made corporates take up the responsibility of providing insurance coverage to their employees via group insurance, it has pushed back individuals from buying into insurance

JNPT crane insurance covers full replacement along with loss of business

Clearing of damaged cranes alone to take over a month

Covid-19: Govt gets 131 claims under insurance scheme for health workers

The central government has received 131 claims under an insurance scheme for healthcare workers engaged in Covid-19 related duty and payments have already been made in 20 of them

Bharti AXA gets Rs 800 cr crop insurance mandate from Maharashtra, K'taka

Bharti AXA General Insurance said it has received Rs 800 crore worth crop insurance mandate from Maharashtra and Karnataka governments to insure farmers in both the states under the PMFBY

Big, small insurers toy with pandemic-proof policies for post-Covid world

Pandemic exemptions have helped some insurers emerge relatively unscathed

Covid-19 impact: Here's why insurance may never be the same again

While new pandemic-proof policies might not be cheap, they offer businesses from restaurants to film production companies to e-commerce retailers ways of insuring against disruptions

Govt approves Rs 12,450-cr capital infusion in 3 state-run general insurers

The National Insurance Company, Oriental Insurance Company and United Insurance Company will get the additional capital

Future Generali swims against tide with increments, promotions to staff

It also plans to hire more employees depending on business requirement. So far in the lockdown period, it has recruited 70 across various levels and plans to hire more in the current financial year

Insurers discuss growing need for policy to claim Covid-19 losses

The discussions are at an initial stage and no timeline has been fixed on when such a product will come out