Browsing: Insurance

It is estimated that approximately Rs 1,400 crores will be unlocked and General insurers may use this opportunity to optimize this freed up capital in a way which leads to increased insurance penetration in India, it added. 

Recently on June 10, IRDAI had reduced the number of off-line returns being submitted by Life Insurers from forty to only four whereas the number of online returns would come down from eight to five. Further, three separate certification requirements have also been consolidated into one. 

According to RedSeer, category-wise digital insurance penetration, has a Total Addressable Market (TAM) of 66.5 Bn USD, the life insurance category comprised close to three-fourths of the market, followed by motor insurance which has a TAM of 10 Bn USD and retail health insurance which has a TAM of 4.7 Bn USD, as of this year, FY22.

Generali completes the transaction to become the majority shareholder in General insurance biz in India

The feature will help partners of Digit ecosystem to use this tool to further amplify customers’ trust in the policy being issued on the insurer’s behalf. 

https://www.youtube.com/watch?v=6iB3jMyMFoY In an interesting conversation with Bfsinxt.com, senior technology leader and former Chief Information Officer at HDFC Life shares his…

Insurance Regulatory & Development Authority of India (IRDAI) on January 3, said that all health insurance policies issued by all…

India’s private life insurers have continued on their growth momentum in November 2021, IRDAI data reveals. Due to low base,…

Shivalik Small Finance Bank (SSFB), has tied-up with Bengaluru-based insurtech company, Go Digit General Insurance, to provide insurance products through the bank’s…

Strap: The tie-up will enable IPPB to sell non-life insurance products of Tata AIG General Insurance Copy: India Post Payments…