The cover will pay only for the construction cost of the building.
The Insurance Regulatory and Development Authority has tightened financial disclosure norms by asking general insurers to give details of the reserves maintained for claims that have been paid but not reported adequately in the books of accounts.
NPCI calls bids to cover all e-payment transactions where consumer followed procedure; both state and private insurers show interest.
ETFs function like a mutual fund scheme and have underlying assets of government-owned companies.
The CBI is probing whether the former IRDA chief J Hari Narayan had misused his discretionary powers to favour Reliance General Insurance Company, which has admitted that the extra amount collected by it way of premium was not Rs 1.07 crore, as originally believed, but 20 times as much, report Paranjoy Guha Thakurta and Pranati B Mehra.
About 70,000 employees of public sector general insurance companies would go on a one-day strike on December 21 in protest against the proposed increase in foreign direct investment cap, outsourcing of jobs and to press for early settlement of their
In addition to hospitalisation charges, it will cover expenses like transfer to hospital in of an accident.
The scheme would cover incidents like robbery and dacoity.
ICICI Lombard General Insurance Company Ltd will consider an initial public offering on reaching an overall market share of around 10 per cent even as ICICI Prudential Life Insurance plans to increase its capital base in the current fiscal.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
'Let us hope that this Budget delivers.' 'It needs 10 per cent plus real GDP growth in 2021-22, the rebound year,' notes Omkar Goswami.
New India Assurance has posted a robust 21 per cent growth in sales in October to regain the number one position in the general insurance industry toppling National Insurance Company, which had climbed to the top slot for the first time in September.
Since no insurance companies share data on their claims with each other, the finance ministry and Irdai suspect that a lot of the resultant claims are duplicates.
Experts say Biyani will now become a contract manufacturer of fashion and FMCG products, with the Reliance group being one of his customers.
India suffered a $3 billion loss to its economy from severe rainfall and flooding in November and early December.
Life insurers need applicants to abstain from tobacco for up to five years.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Though costlier and fewer illnesses are covered, the breadwinner should have one with high sum assured.
In order to cut flab and improve efficiency, public sector general insurance companies are planning to offer a second round of voluntary retirement scheme to their employees.
Bike insurance? Car insurance? Health insurance? Roopam Asthana answers them all.
Not all change is good, but this one is, applauds Shekhar Gupta.
In Nov last year, L&T Finance Holdings had told BSE it was not eligible to be the sponsor of an insurance business, as it was a subsidiary of L&T under the Irda norms
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Britain's largest insurance group Aviva Plc said on Tuesday it will build a new call centre and develop claims processing operations for its general insurance business in India.
Cut throat competition between public sector units and private companies may push up general insurance business by over 25 per cent to Rs 15,000 crore this fiscal.
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Prior RBI permission a hurdle, given its views; business interest needs to be clearer.
Sources said the Insurance Regulatory and Development Authority's vigilance department was looking into these complaints and had carried out inspections in this regard.
Diktat to four general insurance companies says 'avoid competition' in any corporate or group account
We are serious about setting up a bank and use the parent branding that is a household name in India, says Venugopal Dhoot.
Priya Nair tells you how you can use technology to invest better and maximise returns.
The finance ministry has asked state-run general insurers to increase premiums on health insurance, motor and other policies, and refrain from undercutting each other to get new business.
ICICI Lombard is utilising the latest technology and forensic methods to verify insurance claims.
Though Kishore Biyani is selling stakes in group companies to pay off debt, a significant share price crash since January this year is making his task difficult.
Was told that account will be closed if it did not stop providing insurance cover to ships ferrying oil from Iran.
To reduce costs, take advantage of the no-claim bonus, buy top-ups or shop a bit.
The strike by bank employees is part of the one-day all-India general strike, called by major central trade unions.
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