Insurance companies are anticipating claims of at least Rs 500 crore from the incessant rains and flooding in Chennai.
Uber launches initiatives to address drivers' woes on its 4th birthday
Total investments in the first six months of 2017 was a record $11.34 billion
This, despite squeeze in start-up funding; $946 mn Bharti Infratel deal is biggest so far this year
With many getting payment reminders, confusion prevails among borrowers, term-plan investors and credit cardholders over the implementation of the three-month moratorium on all loan repayments amid disruptions caused by the coronavirus outbreak. As part of measures to alleviate hardships faced by people, the Reserve Bank of India, on March 27, announced a slew of steps, including a three-month moratorium on loan repayments.
In HDFC Life, the company has to pare 1.43 per cent, and in HDFC Ergo, it has to pare only 0.58 per cent.
In the June quarter, growth in the segment stood at around 4 per cent, with premium collection at Rs 15,724 crore against Rs 15,074 crore in the same period of FY19. This was the lowest growth in the last five quarters, starting from Q1FY19.
Currently, the Department of Agriculture runs two crop insurance schemes, one of which is weather-based.
'Thankfully, most investors in India have now seen through this false narrative and are once again deploying their hard-earned money.
General, life insurers with 8 & 10 yrs in biz, respectively, may have to list
But, neither were the big companies interested in growing inorganically nor were the smaller ones ready to offer themselves for sale.
Before you buy a cashless benefit plan at lower premiums, check if you can make full use of it. Most don't even exhaust the entire benefit.
Highest-ever mobilisation in first half of any fiscal year; bankers expect the trend to continue, given strong pipeline
While proposals for covers in volatile markets aren't denied, premiums are much higher - by as much as 100-600%
'Last year (FY21), we had about 1 million intimated claims for Covid.' 'This year (FY22), in six months, we got about 1.6 million claims.'
Staying healthy is good news for the insurance company as well since it implies lower claims. Insurance companies offer discounts anywhere between 8 And 30 per cent discount on premium.
The scheme would cover incidents like robbery and dacoity.
Ajit Mishra, vice president, research, Religare Broking, answers your stockmarket queries.
The largest domestic carrier IndiGo is set to renew the insurance cover for its fleet this month, Air India and budget airline GoAir's insurance renewal is due for October, while that of Jet Airways is due in next January.
Not only does yoga help beat stress, it also helps them stay agile physically and mentally, say CEOs.
In the first nine months of 2017, investment banks pocketed Rs 500 crore for helping companies raise Rs 30,853 crore through IPOs.
The rupee, which has depreciated about 23 per cent since May, has increased the loss ratios for the travel insurance segment.
'If you want it to grow well and serve the true needs of the economy, it needs a lot of freedom and flexibility, which comes in terms of the reform objective set by the regulator.'
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Fairfax Financial Holdings made three investments in a month
The premium amount will be automatically added to the ticket fare if the passenger opts for insurance.
Travel insurance policies do not generally cover adventurous or sporting activities such as bungee jumping, paragliding, mountain climbing, or white water rafting, which fall under hazardous activities.
Invests $1.1 billion in 6 months, against $3.7 billion in 20 years
Parts of electric cars are costlier and repairing often means replacing an entire system, which drives insurance premium rates up.
Seven students were made international offers.
Home healthcare remains a niche segment in India even today. Nightingale provides services, starting from family physicians, short- and long-term nursing care, post-hospitalisation care and physiotherapy to stroke rehabilitation, respiratory care, bedside caregivers and attendants, intensive care at home, lab tests and speech therapy.
With natural and man-made calamities posing a risk to your home, it makes sense to buy home insurance
Anik Jain, founder and CEO at Symbo, will answer your questions on insurance -- life, health, motor, travel, etc -- on a weekly basis.
The Insurance Regulatory and Development Authority of India (IRDAI) has issued guidelines that will allow car dealers to become Motor Insurance Service Providers (MISP) and offer the policies of multiple general insurers, says Sanjay Kumar Singh.
Hurdles such as approvals for repair and fixed rates can make the process time-consuming.
Ajit Mishra, vice president, research, Religare Broking, answers your queries.
Critical illness plans can be bought both as a benefit cover and an indemnity cover, say experts.
Share rises further to 73 per cent from 66 per cent last year; Some overseas i-banks seen scaling down operations
The devastation caused by the current deluge has damaged hundreds and thousands of homes and vehicles.
The biggest surprise for customers, at the time of claiming, is the fact that they will get only depreciated value of the product.
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