Insurance Quest

IFFCO-Tokio General Insurance Surpasses Rs 10,000 Crore Gross Written Premium in FY23.

IFFCO-Tokio General Insurance Surpasses Rs 10,000 Crore Gross Written Premium in FY23.

[ad_1]   In the present fiscal year, IFFCO-Tokio General Insurance has accomplished a noteworthy feat of earning a gross written premium amounting to Rs 10,000 crore. This achievement reflects the company’s strong position in the Indian insurance industry, as well as its focus on growth in various segments. The joint venture between Indian Farmers Fertilizer … Read more

Potential of Global Fire Insurance Market to Exceed $30.93 Billion by 2028, with a CAGR of 5.20%: Analyzing Emerging Challenges, Key Competitors, and Tactics.

Potential of Global Fire Insurance Market to Exceed .93 Billion by 2028, with a CAGR of 5.20%: Analyzing Emerging Challenges, Key Competitors, and Tactics.

[ad_1]  Fire insurance is an agreement between a policyholder and an insurance company to cover all losses and damages caused by fire to the insured property. The global fire insurance market was worth USD 22,813.70 million in 2021 and is estimated to grow to USD 30,923.60 million by 2028, with a CAGR of around 5.20% … Read more

IRDAI Approves Two New Life Insurers, Boosting Competition in India’s Insurance Sector.

IRDAI Approves Two New Life Insurers, Boosting Competition in India’s Insurance Sector.

[ad_1] In a bid to increase competition in India’s insurance industry, the Insurance Regulatory and Development Authority of India (IRDAI) has given the green light to two new life insurance companies. Acko Life Insurance Ltd. and Credit Access Life Insurance Ltd. have been granted certificates of registration to begin operating in the country. This marks … Read more

What different types of insurance are available in the market?

What  different types of insurance are available in the market?

[ad_1]  There are several types of insurance available to individuals and businesses. Some of the most common types of insurance include: Health insurance: This type of insurance covers medical expenses incurred by the policyholder. It can be provided by the government or by private insurance companies. Life insurance: This type of insurance provides a lump-sum … Read more

What is Insurance?

What is Insurance?

[ad_1]  Insurance is a financial product that provides protection against risks and uncertainties. It is a contract between an individual or an organization and an insurance company in which the former pays a premium to the latter in exchange for coverage against a specified set of risks. The concept of the insurance taking is based … Read more