Insurance sector recorded AUM of Rs 74.44 lakh crore, premiums of Rs 11.93 lakh crore in FY25: DFS Secretary
He further said the total reinsurance market in India stood at Rs 1.12 lakh crore in 2024–25.
He further said the total reinsurance market in India stood at Rs 1.12 lakh crore in 2024–25.
The market outlook for next week will be guided by several global and domestic factors such as q4 results, inflation data and updates on tariffs.
Over 80% of the health insurance policyholders believe that there are delays in claims which are intentional, designed to pressure policyholders into accepting lower claim amounts.
A part of West Bengal, especially South 24-Parganas was severely affected by cyclone Remal.
For the first time, the ministry of road transport (MoRT) and Highways issued a notification on new premium rates for motor third-party insurance coverage for vehicles for the financial year 2023-24, without any hike in premium amount.
IRDAI had on March 23 and April 4 announced an additional grace period of 30 days for policies where the premium was due in March and April.
The IRDAI circular, dated 6 September, came after the government emphasized that traffic violation history should be considered as a parameter to fix motor insurance premiums. Usually, up until now, the premiums were, typically, dependent on the car’s make, model and variant.
Even the Employees Provident Fund Organisation (EPFO), sources said, could pull back from NBFC investments to avoid default risks.
LIC has also directed the TPAs to sensitise all the licensed diagnostic centres empanelled by these agencies in the country to follow the directives with immediate effect.
The Central government has appointed Subash Chandra Khuntia as the new Chairman of Insurance Regulatory and Development Authority of India…
