News for 'Insurance'

Strait of Hormuz opens to ships but marine covers to stay pricey

Strait of Hormuz opens to ships but marine covers to stay pricey

Rediff.com2 Apr 2026

Despite Iran allowing 'non-hostile vessels' through the Strait of Hormuz, marine insurance premiums are expected to remain elevated due to persistent high-risk classifications and ongoing geopolitical tensions, with experts cautioning that the threat of attacks and collateral damage still exists.

Did These Election Promises Win Tamil Nadu For Vijay?

Did These Election Promises Win Tamil Nadu For Vijay?

Rediff.com4 May 2026

Actor-politician Vijay's TVK party is likely to form the government, bringing focus to their election promises, including gold for marriage, financial assistance for women, and job creation.

Audit Flags Irregularities At Delhi Medical Council

Audit Flags Irregularities At Delhi Medical Council

Rediff.com15 May 2026

The Delhi government's Health Department has received an audit report highlighting alleged financial and administrative irregularities within the Delhi Medical Council (DMC) between 2019 and 2025.

PharmEasy's parent has a new playbook: Profit first, growth second

PharmEasy's parent has a new playbook: Profit first, growth second

Rediff.com27 May 2026

API Holdings, the parent company of online pharmacy PharmEasy, has significantly reduced its debt from 1,800 crore to 1,050 crore and refinanced it at lower interest rates under CEO Rahul Guha, shifting its focus from 'growth at any cost' to profitability and aiming for a debt-free balance sheet before a potential stock market listing.

Agniveers can't claim parity with regular soldiers: Govt

Agniveers can't claim parity with regular soldiers: Govt

Rediff.com11 May 2026

The Union government has informed the Bombay High Court that Agniveers are not "similarly situated" as regular soldiers and hence, cannot claim parity in pensionary benefits for their next of kin in the event of death in action.

Old vs New Tax Regime: Higher Allowances, HRA Changes Warrant Review

Old vs New Tax Regime: Higher Allowances, HRA Changes Warrant Review

Rediff.com30 Apr 2026

Recent changes to tax exemptions and allowances, including increased education, hostel, and HRA limits, have made the old tax regime more competitive against the new regime, prompting salaried employees to re-evaluate their choice for the current financial year.

West Bengal Approves Ayushman Bharat, Land Transfer For Border Fencing

West Bengal Approves Ayushman Bharat, Land Transfer For Border Fencing

Rediff.com11 May 2026

West Bengal's new government, led by Chief Minister Suvendu Adhikari, has approved several key policy changes, including the implementation of the Ayushman Bharat health scheme, land transfer for border fencing, and the adoption of new criminal laws.

Fraud Bleeds Insurers Of Rs 10,000 Crore A Year

Fraud Bleeds Insurers Of Rs 10,000 Crore A Year

Rediff.com1 Dec 2025

These losses increase insurance premiums for customers and reduce insurer margins on the other.

Bengal govt approves land transfer to BSF, joins Ayushman Bharat

Bengal govt approves land transfer to BSF, joins Ayushman Bharat

Rediff.com11 May 2026

The West Bengal government, led by Chief Minister Suvendu Adhikari, has announced the implementation of several key administrative and policy measures, including the adoption of the Ayushman Bharat health scheme, land transfer to the BSF for border fencing, and the implementation of the BNS criminal law.

West Bengal To Adopt Ayushman Bharat, BNS Criminal Law

West Bengal To Adopt Ayushman Bharat, BNS Criminal Law

Rediff.com11 May 2026

The West Bengal government, led by Chief Minister Suvendu Adhikari, has announced the implementation of several key administrative and policy measures, including the adoption of the Ayushman Bharat health scheme, land transfer to the BSF for border fencing, and the implementation of the BNS criminal law.

Delhi Police Uncover Fake Call Centre Scam, Arrest 19

Delhi Police Uncover Fake Call Centre Scam, Arrest 19

Rediff.com8 Apr 2026

Delhi Police have dismantled a fraudulent call centre in Pitampura, arresting 19 individuals for allegedly defrauding people nationwide by posing as representatives of a finance company offering fake loans and insurance schemes.

Tier-II, -III mkts make 62% of new health insurance policies

Tier-II, -III mkts make 62% of new health insurance policies

Rediff.com12 Dec 2025

Tier-II, Tier-III, and rural regions accounted for 62 per cent of all new health insurance policies sold by insurers so far in 2025-26 (FY26), according to a Policybazaar report. These regions are also witnessing a rise in the sum assured opted by customers.

CBI Raids Reliance ADA Group Offices In Mumbai

CBI Raids Reliance ADA Group Offices In Mumbai

Rediff.com9 May 2026

The CBI conducted searches at 17 premises in Mumbai related to Reliance ADA Group companies, including Reliance Telecom and Reliance Finance, concerning alleged diversion of bank funds and losses to banks and LIC.

Pent-up demand boosted retail health insurance segment in October

Pent-up demand boosted retail health insurance segment in October

Rediff.com19 Nov 2025

Even as non-life insurers reported muted premium growth in October, standalone health insurers saw a robust 38 per cent year-on-year (Y-o-Y) surge. This growth was driven by pent-up demand in the retail health insurance segment.

Neeraj Chopra To Train In Switzerland Ahead Of Major Events

Neeraj Chopra To Train In Switzerland Ahead Of Major Events

Rediff.com13 May 2026

Neeraj Chopra will head to the Olympic Training Centre in Switzerland from May 25, while shooter Manu Bhaker has jetted off to Italy after the Sports Ministry approved their foreign exposure proposals in view of this year's Commonwealth and Asian Games.

Indian-Origin Ex-Cop Pleads Guilty in UK 'Crash for Cash' Fraud

Indian-Origin Ex-Cop Pleads Guilty in UK 'Crash for Cash' Fraud

Rediff.com8 Apr 2026

A former Metropolitan Police officer of Indian origin has pleaded guilty to his involvement in a 'crash for cash' scam in the UK, involving fraudulent personal injury claims after staged vehicle collisions.

Leakage Or Seepage? Know Your Rights

Leakage Or Seepage? Know Your Rights

Rediff.com23 Mar 2026

Buyers should understand the distinction between the losses the policy covers, those that need add-ons, and those it excludes.

Satheesan-led Kerala govt sworn in, announces key welfare measures

Satheesan-led Kerala govt sworn in, announces key welfare measures

Rediff.com18 May 2026

V D Satheesan was sworn in as Kerala's Chief Minister, with Governor Rajendra Vishwanath Arlekar administering the oath of office. The swearing-in ceremony was attended by prominent political figures, including Congress leaders and Chief Ministers of Congress-ruled states.

Labour Codes Enter Implementation Phase

Labour Codes Enter Implementation Phase

Rediff.com19 May 2026

A section of industry may need to begin compliance immediately, even as most states are yet to notify their rules.

RBI Simplifies E-Mandate Rules For Reissued Cards

RBI Simplifies E-Mandate Rules For Reissued Cards

Rediff.com21 Apr 2026

The Reserve Bank of India has updated its e-mandate framework, allowing card issuers to map existing mandates to reissued cards and clarifying rules around transaction limits and customer grievance redressal.

Four of top valued firms lose Rs 1 lakh crore in market cap; SBI biggest laggard

Four of top valued firms lose Rs 1 lakh crore in market cap; SBI biggest laggard

Rediff.com10 May 2026

The combined market valuation of four of India's top-10 most valued firms, including State Bank of India, Bharti Airtel, Tata Consultancy Services, and Larsen & Toubro, eroded by Rs 1 lakh crore last week amidst a volatile and range-bound equity market.

UP storm fury leaves 111 dead, 72 hurt; over 200 houses destroyed

UP storm fury leaves 111 dead, 72 hurt; over 200 houses destroyed

Rediff.com15 May 2026

At least 89 people have died in Uttar Pradesh after severe storms and heavy rain caused widespread damage, uprooting trees and electric poles and damaging homes. Chief Minister Yogi Adityanath has directed officials to provide immediate relief to affected families.

Insurers to Spend More on Tech for DPDP Compliance

Insurers to Spend More on Tech for DPDP Compliance

Rediff.com21 Nov 2025

The DPDP rules, which have come into effect, require companies to implement a data protection and consent management system by November 2026.

Cognizant's Technoverse Hackathon 2026 Aims to Upskill Engineering Students in AI

Cognizant's Technoverse Hackathon 2026 Aims to Upskill Engineering Students in AI

Rediff.com14 Apr 2026

Cognizant has announced the launch of Technoverse Hackathon 2026, a national platform for engineering students to demonstrate AI-powered problem-solving skills in various industries. The hackathon aims to bridge academic learning with real-world applications and promote innovation.

Professor Gets Bail In Student Suicide Case: Here's Why

Professor Gets Bail In Student Suicide Case: Here's Why

Rediff.com8 May 2026

A special court has granted anticipatory bail to a medical professor in connection with the suicide of a dental student, citing a lack of evidence linking the professor to the student's death.

How India Is Leading The Way In Health AI Benchmarking

How India Is Leading The Way In Health AI Benchmarking

Rediff.com8 May 2026

India has launched an open Health AI benchmarking platform to evaluate artificial intelligence models on diverse Indian datasets before deployment at a population scale. The initiative aims to strengthen AI-driven claims management under the Ayushman Bharat Pradhan Mantri Jan Arogya Yojana (AB PM-JAY).

With firefighting behind them, insurers can now shift gears and focus on growth

With firefighting behind them, insurers can now shift gears and focus on growth

Rediff.com3 Dec 2025

Recent years have been turbulent for the insurance industry due to direct and indirect tax reforms, regulatory overhaul and other external pressures. The events cumulatively slowed growth rate to single digits from the high teens seen earlier.

Paytm Shifts to Majority Indian Ownership Amidst Rising Investor Confidence

Paytm Shifts to Majority Indian Ownership Amidst Rising Investor Confidence

Rediff.com14 Apr 2026

One 97 Communications Ltd, operating under the Paytm brand, has transitioned to a majority Indian-owned and controlled company, reflecting increased domestic investor confidence and improved financial performance.

Coolcations Drive Summer Travel Surge

Coolcations Drive Summer Travel Surge

Rediff.com13 May 2026

As temperatures soar, booking queries have surged by double digits -- going up to 125 per cent -- for destinations like Kashmir, Shillong, Gangtok, Munnar, Leh, Rishikesh, Guwahati, Imphal, Kodaikanal and the Andamans.

West Asia Tensions Begin Disrupting India's Auto Supply Chain, Margins

West Asia Tensions Begin Disrupting India's Auto Supply Chain, Margins

Rediff.com18 May 2026

Escalating geopolitical tensions in West Asia are beginning to disrupt India's automotive supply chain, leading to rising commodity prices, logistics bottlenecks, material shortages, and pressure on consumer demand, with two-wheeler makers already raising prices.

Investment Disclosure Tightens Tax Scrutiny

Investment Disclosure Tightens Tax Scrutiny

Rediff.com7 May 2026

From the financial year 2025-2026, the government has introduced a new column in the tax return form for presumptive taxpayers, requiring them to disclose their year-end investments. This requirement was not present last year.

Indian Origin Golfers To Feature At PGA Championship

Indian Origin Golfers To Feature At PGA Championship

Rediff.com13 May 2026

Akshay Bhatia, Sahith Theegala, Aaron Rai and Sudarshan Yellamaraju will represent Indian talent at the PGA Championship at Aronimink Golf Club. These rising stars are poised to make a significant impact, while top contenders like Scottie Scheffler and Rory McIlroy also vie for the Wanamaker Trophy.

'Insurance Sector Is At An Unstable Equilibrium'

'Insurance Sector Is At An Unstable Equilibrium'

Rediff.com3 Nov 2025

'Other sectors that manage the savings pools of Indians are giving tough competition to life insurance companies.'

Tribunal Awards 7.76 Lakh to Man Injured While Praying

Tribunal Awards 7.76 Lakh to Man Injured While Praying

Rediff.com1 Apr 2026

The Motor Accident Claims Tribunal (MACT) in Thane has awarded 7.76 lakh in compensation to a man who suffered permanent disability after being injured in a roadside accident in 2015. The tribunal rejected the insurer's claims of contributory negligence and breach of policy conditions.

Mcap of 8 most valued firms surges by Rs 1.87 lakh cr; Airtel biggest winner

Mcap of 8 most valued firms surges by Rs 1.87 lakh cr; Airtel biggest winner

Rediff.com19 Apr 2026

Eight of India's top-10 most valued firms saw their combined market valuation increase by Rs 1,87,497.45 crore last week, with Bharti Airtel emerging as the largest gainer, reflecting a positive trend in the equities market.

It's Action! Action! Action! On OTT This Week

It's Action! Action! Action! On OTT This Week

Rediff.com8 May 2026

Pump up the adrenalin in an action packed OTT this week. Sukanya Verma lists your options.

CM Vijay begins welfare push, but Tamil Nadu's debt crisis looms large

CM Vijay begins welfare push, but Tamil Nadu's debt crisis looms large

Rediff.com10 May 2026

TVK founder Vijay, upon becoming Chief Minister, approved free electricity units and special forces for women's safety and anti-drug efforts. He pledged a commitment to secularism and social justice, asserting his authority as the sole power centre.

India's services sector growth hits 5-month high in April

India's services sector growth hits 5-month high in April

Rediff.com6 May 2026

India's services sector growth reached a five-month high in April, with the HSBC India Services PMI Business Activity Index rising to 58.8, primarily driven by robust domestic demand and a shift from international to local suppliers amidst the West Asia crisis.

New Labour Codes: How a 4-day workweek could become a reality in India

New Labour Codes: How a 4-day workweek could become a reality in India

Rediff.com11 May 2026

The Indian government has notified final rules under four labour codes, potentially enabling a four-day workweek in certain sectors by capping weekly working hours at 48 while allowing daily flexibility. This move also introduces significant changes to wage fixation, compliance obligations, and social security norms.

Kanpur Police Nab Mastermind Of Rs 3,200 Crore Fake Firm Racket

Kanpur Police Nab Mastermind Of Rs 3,200 Crore Fake Firm Racket

Rediff.com7 May 2026

Police in Kanpur have arrested a suspected mastermind behind a network of fake firms, forged documents, and suspected hawala transactions worth over Rs 3,200 crore.