Insurance Quest

Vacationing Without Travel Insurance? Don’t Make This Costly Mistake!

Vacationing Without Travel Insurance? Don’t Make This Costly Mistake!

Summer is a great time to plan a vacation and explore new destinations. Whether you are travelling within your own country or abroad, it is essential to be insured against unforeseen events that can quickly deplete your funds. That’s where travel insurance comes in. In this blog, we will delve deeper into what travel insurance … Read more

Understanding SFSP Policy: Transferability and Terminations

Understanding SFSP Policy: Transferability and Terminations

The Standard Fire and Special Perils (SFSP) policy is an insurance policy that provides coverage for damage or loss caused by fire and special perils such as floods, earthquakes, and storms. While this policy is generally taken for a period of one year, there may be situations where a short-term policy is needed, and the … Read more

Air India Secures $10 Billion Insurance Coverage for Fleet Expansion Plans and Invests $600 Million in IT Systems and Refurbishment.

Air India Secures  Billion Insurance Coverage for Fleet Expansion Plans and Invests 0 Million in IT Systems and Refurbishment.

[ad_1] Air India and its subsidiary, Air India Express fleet, have chosen Tata AIG General Insurance and other insurance companies to offer insurance coverage amounting to $10 billion. The national carrier will be charged a premium of $30 million (Rs 246 crore) for the upcoming financial year starting from April 1, which remains unchanged from … Read more

Major Insurers Zurich and Munich Re Withdraw from Net-Zero Insurance Alliance.

Major Insurers Zurich and Munich Re Withdraw from Net-Zero Insurance Alliance.

[ad_1] In a blow to the efforts to mitigate climate change, two of the founding members of the Net-Zero Insurance Alliance (NZIA), Zurich and Munich Re, have announced their withdrawal from the group. The NZIA comprises 30 insurance and reinsurance firms, which account for roughly 15% of the worldwide premium volume, representing a significant portion … Read more

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