Indian Insurance industry expected to reach USD 280 billion
Indian insurance industry is expected to reach USD 280 billion by 2019-20 with help of government initiatives like Ayushman Bharat according to Assocham. The Gross […]
Insurance
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 […]
GIC RE begins operations in India
GIC RE, the state-owned company and the only reinsurer has become fully operational in India. Though as 6-7 reinsurers have applied for license, they are […]
Crop Insurance coverage faces problems in fertile Punjab
Pradhan Mantri Fasal Bima Yojana, touted as one of the most farmer-friendly crop insurance schemes of independent India has some opposition from fertile Punjab region. […]
Union government approves Prime Minister Crop Insurance Scheme
Union Government has approved Pradhan Mantri Fasal Bima Yojana to provide a social security net to millions of farmers across the country, who have been […]
Health Insurance sector to have third party adminsitrator from FY2017
Health Insurance Sector likely to get a third party administrator from the year FY2017. The Health Insurance TPA of India will provide the services of […]
Health Insurance Portal “Rohini” launched in India
Registry of Hospitals in Network of Insurers’ (Rohini) portal is being launched to provide information like treatment facility, cost of treatment and cost of claims […]
Life Insurance premium see a rise in April-August 2015 period
New business premiums of life insurance companies saw a 13.8 per cent rise for the period between April 1 and August 31, 2015. Most of […]
Central Government revamps crop insurance policy
Central Government has proposed a new policy to provide a safety net to growers of pulses to boost production. New crop insurance policy has reduced […]