Discover the remarkable rise in Insurance Awareness in India, catalyzing financial security and economic growth. Explore key developments, historical milestones, and the impact on individuals and communities. Introduction to Insurance Awareness In a transformative journey, Insurance Awareness has experienced an exceptional surge, playing a pivotal role in shaping a secure and economically vibrant future for…
NCDRC Directs New India Assurance to Settle Substantial Claim in Deceased Policyholder’s Case In a recent development, the National Consumer Disputes Redressal Commission (NCDRC) has modified an earlier order, instructing New India Assurance Co Ltd to reimburse a significant portion of medical expenses incurred by the deceased policyholder. The NCDRC, while addressing the case of…
During the upcoming monsoon session in Parliament, the government intends to introduce significant reforms in the insurance sector through two new pieces of legislation, the Insurance Laws (Amendment) Bill, 2023, and the Insurance Bill, 2023. The reforms aim to streamline regulations, facilitate easier market entry for companies, and simplify investment rules. These proposed changes, set…
As the prevalence of lifestyle diseases such as diabetes continues to rise, it is crucial for individuals to prioritize their health and financial security. Diabetes, a metabolic disease characterized by elevated blood glucose levels, is a significant cause of complications like blindness, kidney failure, heart attacks, and strokes. In India, the World Health Organization (WHO)…
In a move aimed at revolutionizing healthcare access, Punjab State Health Agency has unveiled an extraordinary initiative to enhance the reach of the highly acclaimed Mukhya Mantri Sehat Bima Yojana scheme. Commencing today, May 24, the agency will orchestrate special camps across the state to expedite the issuance of e-cards to eligible beneficiaries. This flagship…
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….
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…