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.
To handle the sudden loss of cashless facility, patients should maintain an emergency fund or a short-term credit line to manage all or part of hospitalisation costs.
Pre-initial public offering (IPO) allotments have fallen out of favour over the past two years amidst buoyant primary markets and increasing average float sizes. In 2023, 13 firms raised a record Rs 1,074 crore through pre-IPO placements.
The crash has dealt a blow to the conglomerate's efforts to turn around Air India, especially following its merger with Vistara in 2024.
'Opt for a minimum cover of Rs 10 lakh to Rs 15 lakh, especially in urban and metro areas.'
The claims will include three kinds of liabilities: Damage to the aircraft; loss of lives who were aboard the aircraft; including the crew members; and third-party liability because of loss of lives where the aircraft crashed; and cargo liability.
Some products offer terrorism cover as part of the base offering, while in others it is an optional cover.
The Insurance Regulatory and Development Authority of India (Irdai) has asked at least 10 general and life insurance companies to submit a detailed road map for their listing strategies by the end of this month, according to multiple sources with direct knowledge of the matter. "The regulator met four life and six general insurers last month and asked them to provide their listing strategies by the end of February," said one of the sources.
Air India, under its new Tata management, has taken a Rs 60,800 crore ($8 billion) cover by paying Rs 266 crore premium to a clutch of insurance companies, including Tata AIG General Insurance. The airline managed to get a better deal as it valued its fleet lower by almost $2 billion. The new management held extensive negotiations - both in India and London, to get a good deal considering the rising premiums due to the ongoing Russia-Ukraine war.
'A policy that covers a wider range of diseases will offer greater peace of mind.'
'Exit the car and call for your vehicle to be towed.'
These are meant for students travelling abroad for further studies.
There are cash plans that cover for the cost of travelling to a hospital or keeping a relative with the patient.
Tata AIG General Insurance, which is the market leader in personal accident covers, eyes 200 per cent growth in income from this segment. It has tied up with a number of education consultants for its Prudent Guard policy for students. Insurers sell two types of personal accident cover to schools -- one for students and another for parents. Some insurers also sell hybrid product covering both.
Insurance advisors suggest you read the fine print first, as there are a host of exclusions which will enable insurers to turn down claims. But the money lost will not be covered. Insurance will be restricted to the replacement cost of a lost or stolen wallet, personal papers and the credit and debit cards in the wallet. There will be no cover for cheques, tickets or fraudulent charges on the lost or stolen cards and any other identity theft-related costs.
Players may have to suffer underwriting losses this year.
GoAir and Tata-AIG have signed a deal of travel insurance for passengers who book online tickets.
Tata AIG General Insurance on Tuesday launched a new scheme -- Green Channel Settlement -- to make vehicle accident repairs and claims easier for consumers.
While it's not difficult to fall prey to card fraud, individuals can protect themselves against losses.
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.
The rupee, which has depreciated about 23 per cent since May, has increased the loss ratios for the travel insurance segment.
The shortest duration for which one can buy travel insurance is seven days.
If you are a frequent traveller, then you should opt for a multi-trip travel plan because it works out to be cheaper.
The cover will pay only for the construction cost of the building.
This could impact their books in the third quarter of the current financial year.
Life insurers need applicants to abstain from tobacco for up to five years.
The film hits theatres tomorrow, July 25.
Financials were the top losers while oil shares also declined amid weak crude oil prices.
Buying medical insurance? Make sure that you know what you are getting and what you are not.
Cyber crimes caused by the insured's employees also get covered under the policy but would exclude the actual perpetrator.
As monsoon picks up, be ready to drive through water-logged areas and mushy roads. Since motor accidents typically see a rise during rains, motor claims also move up.
Read the fine print carefully because even a policy with a high sum assured may have sub-limits
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