Insurance

Top five common insurance complaints in India and how to resolve them From delays in claim settlement to unfair terms and poor customer service, policyholders face a number of issues with their insurance service providers. How to…

Won't spend on home but will travel: How India's consumption story is unfolding Synopsis Travel, financial services, recreation, and insurance, among others, the "prosperity-driven categories" have experienced an acceleration. “India’s…

IRDAI retains mandatory cession of business in favour of GIC Re at 4% for FY24 IRDAI had named LIC, GIC Re and New India Assurance as domestic systematically important insurers -- which are considered as “too big or too important to fail”…

India considers rule changes to bolster $731 billion insurance sector Insurance penetration remains abysmally low at less than 5% in the country of 1.4 billion people, signaling growth potential for investors India is considering rule…

Go Digit Life Insurance gate irdai nod for life insurance business in India Go Digit General Insurance Ltd has refiled preliminary IPO papers with Sebi after making certain changes to its employee stock appreciation rights scheme. The…

Blackstone launches its Asian Data center business from India Blackstone Group has forayed into the data center business in Asia with a planned capacity across two large hyperscale data centers in India Global asset manager Blackstone…

LIC, HDFC Life shares tank as govt lifts tax exemption on high-value insurance policies Finance Minister Nirmala Sitharaman reduced the tax exemption limit on high-value insurance policies. Shares of Life Insurance Corporation of India…

Coverdash secures seed funding for its business insurance solutions Coverdash, a fully-digital business insurance startup providing simplified insurance solutions to businesses, has closed an oversubscribed seed funding round and…

Here’s Why 2023 Will Be The Year Of Insurtech Business The growth of Insurtech has led to a massive 167% increase in investments in the last few years SMEs will get an impetus if the Centre amends the Insurance Act to reduce…

LIC may look at entering health, non-life insurance businesses The Life Insurance Corporation of India has the wherewithal to acquire a composite license, a top source aware of the development told Business Standard, adding that…