We live in a VUCA world which stands for volatility, uncertainty, complexity, and ambiguity — no industry is safe from the uncertainties it brings. One must always seek a different approach to harness the organization’s potential to survive and thrive in this evolving world. Insurance is also no exception to this VUCA world and must … Read more
Locals gather after the Coromandel Express derails after hitting a goods train near Bahanaga station in Balasore on Friday. | Photo Credit: ANI Odisha train accident | 233 people killed, over 900 injured in Odisha triple train crash The accident took place at around 7 p.m. when two coaches of 12864 (SMVB-HWH) Yashwantpur-Howrah Express derailed near Bahanaga … Read more
Mumbai: New premium income at life-cover sellers fell 11% to ₹20,434 crore in July, the latest regulatory data showed, pointing to a subdued performance by the Life Insurance Corporation of India (LIC) that has a disproportionate market share even two decades after the country opened up the sector to private competition. IPO-bound LIC reported a … Read more
Mumbai: The Life Insurance Corporation (LIC) of India has managed to record double-digit gr-owth in FY21 despite new business premium lagging the previous fiscal until February this year. The corporation’s chairman M R Kumar revealed on Friday that business growth for the year FY21 was 10 per cent. Figures released by the insurance regulator reveal … Read more
Imagine a CIBIL score for motor insurance. Instead of your debt repayment records, you’ll be rated on your road behaviour – sticking to speed norms or parking in designated zones, for instance. On paper, that sounds reasonable. In practice, that might do more harm than good to millions of Indian private vehicle owners, and end … Read more
New Delhi: The government is considering a higher limit for foreign investment in the insurance and pension sectors, currently pegged at 49% of paid-up equity capital. The proposal under consideration is to raise the limit to 74%, on par with that for private banks, an official aware of deliberations told ET. “There is a view … Read more
Amid spurt in COVID-19 cases in the country, Corona Kavach health insurance policy has evoked good response within days of its launch by almost all insurers. Corona Kavach, which was launched on July 10 and is being offered by both general and health insurers, is a standard health insurance policy created to meet the treatment … Read more