The 25-35 age group is the most active online in buying non-life insurance products.
Ever since the Insurance Regulatory and Development Authority (Irda) allowed motor insurance companies to decide premiums in December 2007, car insurance premiums have fallen sharply. The focus, it seems, is clearly on garnering more retail customers.For instance, in March 2007, the premium for a Honda City was Rs 20,760 in Mumbai. But this year it has fallen to Rs 15,770 - a difference of Rs 4,990.
Farmers will no longer have to wait endlessly for claiming their payments from the government.
Last year, ICICI Lombard had bagged the offer, battling five other private players. This year's tenders will be opened on September 1, sources in the Railway Ministry said, adding that invitations have been sent to about 20 companies this time.
Sources close to the development said the three companies have sought permission from the Insurance Regulatory and Development Authority for new motor insurance products and are expected to launch the add-on covers in the first week of January. Add-ons are expected to be in the form of a replacement vehicle or payment on a daily basis when the vehicle is out for repair, and reduced or zero depreciation.
ICICI Bank on Friday reshuffled its management as Nachiket Mor, an executive director, decided to quit. The board, at its meeting on Friday, promoted deputy managing director Chanda Kochhar as the joint managing director and chief financial officer (CFO) of the bank. The incumbent Group CFO Vishakha Mulye has been made executive director of the bank's subsidiary, ICICI Lombard General Insurance.
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.
Private insurers are planning to launch property title insurance covers in India soon. Foreign investment is therefore likely to enter the Indian real estate market.
'We have stopped eating sweets, chocolates, spicy and oily food. We are are taking low carbs and balanced diet and feeling better'
NITIE, Mumbai, invites students and working professionals for Samiksha, a panel discussion event on Insurance Sector: Opportunities and Challenges.
Anil Dhirubhai Ambani Group's Reliance General Insurance has become the second largest non-life private insurer, toppling Bajaj Allianz, in terms of premium collections of Rs 221 crore (Rs 2.21 billion) in April.
Anti-trust body MRTPC has issued a stern warning to ICICI Bank for selling insurance policies to its credit card holders without their consent and has asked it to stop the practice.MRTPC bench headed by Justice O P Dwivedi passed a cease and desist order and held it as an unfair trade practice to promote its business.
Not many people are taking mediclaim insurance policy and its market penetration is less than one per cent
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Good performance of ICICI Lombard, New India, Oriental Insurance and Bajaj Allianz pushed the general insurance industry growth to 16 per cent in April-February of 2005-06.
Unlike other health insurance policies, which mostly covers hospitalisation expenses alone, the specialised cover is likely to include the cost of treatment during quarantine and payment of cash for incidental expenses.
Through this online facility, these business communities can generate marine policies, manage them online and speed up documentation procedures in case of an emergency.
General insurance industry grew by 21 per cent in April-May, which saw private player ICICI Lombard fast catching up with the top four public sector insurers.
Top seed Joshna Chinappa and Deepali Anwekar-Parikh will contest the women's final in the \nSenior National and Maharashtra State Open Squash Championships.
Underdogs Olympique Lyon and Villarreal will attempt to triumph over the Milan teams
Uber launches initiatives to address drivers' woes on its 4th birthday
However, no refund of the premium will be given in case of cancellation of the ticket
Despite it all, the participants, from across the American continent, show up as they vie for the medals and glory. Along the way, they give us some moments that are captured for posterity. Here are some eye-catching scenes from the Pan Am Games...
Total investments in the first six months of 2017 was a record $11.34 billion
Apart from rail mishaps, the coverage would take care of terrorist attacks and accidental fall of a passenger from a train and normal accidents, riots, robbery and dacoity
This, despite squeeze in start-up funding; $946 mn Bharti Infratel deal is biggest so far this year
Ajit Mishra, vice president, Research, Religare Broking, answers your queries
Two new insurance policies are in place for students going abroad. Smita Tripathi surveys what's on offer
Anik Jain, founder and CEO at Symbo, will answer your questions on insurance -- life, health, motor, travel, etc -- on a weekly basis.
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.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
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