West Bengal government launches Bangla Fasal Bima Yojna
West Bengal government has rolled out its own scheme “Bangla Fasal Bima Yojana” of crop insurance and has effectively stopped implementing the Central scheme on […]
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IRDAI imposes fine on IFFCO Tokio and Royal Sundaram
IRDAI has imposed fine of ₹ 0.5 million on Iffco Tokio and Royal Sundaram for violating motor tariff claims and file & use guidelines. The […]
GOI to merge public sector insurance companies
Government of India – public sector insurance companies are likely to be merged together. The government has made an ‘in-principle’ announcement. Three public sector general […]
Zicom to offer IoT based device – to aid insurers
Zicom is in talks with insurance firms to offer its IoT-based Vehicle Passenger Safety Solution. Its device Street Smart when attached to the on-board-diagnostics (OBD […]
IRDA advises insurers on electronic forms of data
IRDA has announced policies on electronic forms of data of insurance companies. It has stipulated every insurer should inform IRDA within 90 days from the […]
Aviva plans to increase stake to 49%
Aviva Plc is planning to increase its stake in its India business to 49 per cent. Currently, Aviva India (life insurance) is a joint venture […]
Aditya Birla Nuvo ventures into insurance sector
Aditya Birla Nuvo is planning to venture into insurance sector. The company has signed up with South African insurance based financial services group – MMI […]