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Industry News

IRDAI Panel proposes increase in trade credit insurance cover

May 28, 2020

A working group formed by the insurance regulator IRDAI has proposed several changes to improve the credit insurance market and…

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Insurance Ownership Among Women Increasing

May 11, 2020

Women in urban India registered a sharp increase in life insurance ownership and awareness over the last 12 months, according…

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Coronavirus and Event Cancellation

March 13, 2020

It is increasingly likely that the Olympic games in Tokyo will fall victim to the coronavirus, in what would almost…

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Pilot scheme sends alerts to uninsured vehicle owners

January 31, 2020

Vehicle owners will, in a pilot programme, receive messages from the Transport Department if their vehicles lack third party liability…

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Fire premium rates hiked

January 29, 2020

Fire insurance premiums have been increased by 10-50% for most types of businesses for 291 business segments since 1 January….

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Marine insurers caught between US and Iran

January 17, 2020

Indian insurers are under pressure in the wake of recent events involving US and Iran, with reinsurers turning wary and…

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Bulk drugs makers hit by hefty fire insurance premium hikes.

December 2, 2019

Bulk drug makers have seen a significant jump in insurance premiums for fire and allied perils this year. Premiums have…

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ISRO seeks insurance for domestic satellite launches for the first time.

November 28, 2019

The Indian Space Research Organisation (ISRO) is looking to buy insurance cover for a domestically launched space satellite, the first…

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IRDAI bars several health insurance exclusions

October 15, 2019

Insurance companies have been barred from excluding from coverage illnesses associated with hazardous work activity, artificial life maintenance, treatment of…

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Govt establishes national driver licensing database to combat fraud

September 25, 2019

The Transport Ministry is establishing an electronic database to store drivers’ licensing data from throughout the country. The database aims…

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