Tata AIA Life Insurance is taking steps to enhance its presence in the health insurance sector by offering a broader range of policies. The company’s goal is to provide short-term health insurance and indemnity plans, pending the approval of the Insurance Regulatory and Development Authority of India (Irdai) to allow insurers a composite license for…
Can insurance be considered as a means of passive wealth creation? This is a common question asked by many. Many people wonder whether insurance can serve as a passive source of wealth creation. However, the answer to this question is simply ‘NO’ , insurance cannot be described as a way to create wealth passively. It…
The highly anticipated inauguration of the Ayodhya Ram Mandir is set to bring joyous celebrations on January 22, 2024. In a positive turn of events, the Central Government has issued an order for a half-day closure of all Central Government offices, institutions, and industrial establishments, including public sector banks, insurance companies, financial institutions, and regional…
SBI General Insurance has set a new benchmark in the insurance industry with the launch of its groundbreaking digital-only health product, Health Edge Insurance. Boasting an irresistible starting premium of under Rs 5,500 per annum for a robust Rs 3 lakh cover, this innovative offering is set to transform the way we approach health coverage….
In the wake of the devastating triple train crash in Odisha, the Finance Ministry has taken swift action, calling upon insurance companies to expedite the claim settlement process for the victims. With a heartfelt plea for swift justice, the ministry has reached out to insurers, urging them to provide updates on measures taken to identify…
[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…
Non-life insurance industry sees robust growth of 16.4% driven by health and motor insurance, according to industry report. The non-life insurance industry in India has been experiencing robust growth, with the health and motor insurance sectors driving the demand. In FY23, the industry witnessed an impressive growth rate of 16.4%, surpassing the previous…
Explore the thriving landscape of India’s insurance sector as it charts an impressive 7.1% growth trajectory from 2024 to 2028, outpacing G20 counterparts. Uncover the driving forces, challenges, and the “Insurance for All by 2047” initiative that promises to shape the industry’s future. 1. India’s Insurance Sector: A Pinnacle of Growth (2024-28) In a groundbreaking…
