Policybazaar introduces 100% claim settlement option for planned hospitalizations on select health insurance policies.
Policybazaar, a leading insurance platform, has introduced a 100% claim promise on planned hospitalizations for select health insurance policies. This initiative aims to provide a hassle-free and financially secure experience for policyholders, ensuring that they can focus on their recovery without worrying about hospital bills. The benefit is...
Don’t fall for fear mongering : Edelweiss CEO Radhika Gupta on small and mid-cap risks
Edelweiss Mutual Fund CEO Radhika Gupta has countered veteran fund manager S. Naren's advice to exit the small and mid-cap segment, stating that a balanced approach with a long-term perspective is key to success. Naren had recently commented that small and mid-cap valuations were "absurd" and that investors should consider alternative options....
UIIC Job Vacancy: Exciting Opportunities in Insurance – Apply Before the Deadline! | Latest News
United India Insurance Company Limited Recruitment The United India Insurance Company Limited (UIIC) is seeking a qualified candidate to fill a position that requires a high level of expertise in actuarial science. To be eligible for this role, applicants must meet specific qualification requirements. Firstly, they must be a Fellow Member under...
Best insurance company in India: 90% claims settled each by Aditya Birla, New India, HDFC ERGO; Bajaj, Star, Shriram lowest.
A recent report by the Insurance Brokers Association of India (IBAI) for the financial years 2023-24 and 2022-23 has revealed that four insurance companies in India have consistently cleared more than 90% of claims made by beneficiaries. The top performers include Aditya Birla Health, HDFC Ergo, and New India Assurance, which achieved claim...
Battle over health insurance for undocumented immigrants heats up at Minnesota Capitol
The debate over providing health insurance to undocumented immigrants has reignited at the Minnesota State Capitol. Democrats are pushing for a proposal that would allow undocumented immigrants to purchase health insurance through the state's MNsure exchange program, which is the state's health insurance marketplace. This would enable them to...
According to a report by the brokers association, the Indian insurance companies that reject claims the least are revealed, providing insight into the claims settlement records of various insurers.
A recent report by the Insurance Brokers Association of India (IBAI) has revealed that the claim-to-settlement ratio for general insurance in India has decreased to 86% in 2022-23, down from 87% in the previous fiscal year. This means that 14% of claims were rejected by insurance companies. The report also found that the claims repudiation ratio,...
Public Sector General Insurance Companies Register Combined Profit of Rs. 1066 Crore in Q3 of 2024-25
The Indian Public Sector General Insurance Companies (PSGICs) have experienced a significant turnaround, with all companies becoming profitable again after historically reporting losses. Oriental Insurance Company Ltd. (OICL) and National Insurance Company Ltd. (NICL) started posting quarterly profits in Q4 of FY 2023-24 and Q2 of FY 2024-25,...
LIC ranked world’s third strongest insurance brand
The Life Insurance Corporation of India (LIC) has been ranked third among the world's strongest insurance brands, with a Brand Strength Index (BSI) score of 88 out of 100, according to the Brand Finance Insurance 100 2025 report. Poland-based PZU secured the top spot, followed by China Life Insurance. In terms of overall brand value, LIC holds...
LIC Warns About Fake Apps, Urges Policyholders to Ensure Secure Transactions
The Life Insurance Corporation of India (LIC) has issued a warning to its policyholders about fake mobile applications that are misusing its name. The state-run insurer has advised customers to be cautious and only conduct transactions through its official platforms. LIC has identified instances of unauthorized mobile applications that falsely...
Life insurance premiums increased by 5% in the financial year 2025.
The Indian life insurance industry has reported a 5.1% increase in new premium collection, reaching Rs 3.97 lakh crore in the financial year 2024-2025. This growth was largely driven by Life Insurance Corporation of India (LIC), which collected Rs 2.26 lakh crore in new business premium, including Rs 62,404.58 crore from individual new business....
Life insurers’ first-year premiums increased by 2% in March and 5.1% in the fiscal year 2025.
The life insurance industry in India has reported a 2% year-on-year increase in first-year premiums for the month of March, with total collections reaching ₹61,439 crore. This growth is a welcome relief after a weak February, which saw a 12% year-on-year decline in premiums. For the entire financial year 2024-25 (FY25), first-year premiums have...
Best LIC Investment 2025
The Life Insurance Corporation of India (LIC) has introduced the Jeevan Shiromani Policy, a premium insurance plan designed for high-net-worth individuals. This non-linked savings and protection plan offers a unique combination of guaranteed returns and critical illness benefits, making it an attractive option for those seeking a secure and...
LIC launches cutting-edge martech platform for modern customer interactions
The Life Insurance Corporation of India (LIC), the country's largest insurer, has launched its Marketing Technology (MarTech) platform, marking a significant milestone in its digital transformation initiative, Project DIVELIC. This launch marks LIC's first step towards becoming a global digital champion in the insurance industry, leveraging...
Mysore High Court Dismisses LIC Complaint
The District Consumer Disputes Redressal Commission in Mysore, Karnataka, ruled that an insured individual who takes out multiple insurance policies with different agents and uses various name variations, suggesting a pre-existing illness, must disclose this information to the insurer. The commission held that insurance contracts are based on the...
Best insurance company in India: 90% claims settled each by Aditya Birla, New India, HDFC ERGO; Bajaj, Star, Shriram lowest.
A recent report by the Insurance Brokers Association of India (IBAI) for the financial years 2023-24 and 2022-23 has revealed that four insurance companies in India have consistently cleared more than 90% of claims made by beneficiaries. The top performers include Aditya Birla Health, HDFC Ergo, and New India Assurance, which achieved claim...
Star Health Insurance has now expanded its home healthcare service to 100 locations.
Star Health and Allied Insurance Company Ltd, a leading standalone health insurer, has announced the expansion of its Home Health Care initiative to 100 locations across India. Launched in July 2023, this program provides cashless doorstep medical care services to 85% of the company's customer base. The initiative aims to make healthcare more...
Star Health achieves highest sustainability score among Indian insurance companies
Star Health and Allied Insurance Company has achieved a significant milestone by securing the highest sustainability score among insurance companies in the Indian insurance sector. According to the S&P Global Corporate Sustainability Assessment, Star Health Insurance has been recognized as India's most sustainable insurance company for 2024. The...
Star Health becomes India’s largest Home Healthcare provider
Star Health & Allied Insurance Company, a leading health insurance provider in India, has achieved a significant milestone by expanding its Home Health Care (HHC) initiative to 100 locations across the country. Launched in July 2023, the program has made a significant impact, now serving over 85% of Star Health Insurance's customer base with...
Star Health faces a GST demand of Rs 49 crore across multiple states.
The Star Health and Allied Insurance Co Ltd has been served with 25 tax demand notices amounting to Rs 49 crore by the Goods and Services Tax (GST) authorities across multiple states. The demands are related to alleged violations of GST laws in connection with coinsurance transactions. The notices were received by the company from different GST...
Star Health and Allied Insurance Co Ltd received 25 tax demands totaling Rs 49 crore.
Star Health and Allied Insurance Co Ltd, a health insurance company, has received 25 tax demand orders from various Goods & Services Tax (GST) and Central Excise authorities. The total demand amounts to approximately Rs 49 crore, inclusive of penalties. The tax demands relate to alleged non-compliance with GST rules, specifically regarding...
Star Health Insurance awarded Best Health Insurance Company of the Year at InsureNext Global Conclave & Awards 2025.
Star Health and Allied Insurance Company Ltd., India's largest retail health insurance provider, has been recognized as the "Best Health Insurance Company of the Year" at the InsureNext Global Conclave & Awards 2025. This prestigious award is a testament to the company's mission to transform healthcare accessibility through innovation. Anand Roy,...
Techmagnate wins digital mandate for Aviva Life Insurance
Techmagnate, a digital marketing agency based in India, has been appointed to handle the digital mandate for Aviva Life Insurance Company India Limited, a joint venture between UK-based Aviva Plc. and Dabur Invest Corp. The agency will support Aviva Life Insurance in refining its digital strategy, improving online visibility, and enhancing...
One-eighth of car owners prefer fixing their vehicles over buying new ones, according to Aviva’s research.
According to a recent study by Aviva, one out of every eight car owners would rather repair their vehicle rather than replacing it, even if it's no longer a viable option economically. The research, which surveyed 1,000 car owners in the UK, found that 12.5% of respondents would opt for repair over replacement, despite the potential costs and...
Aviva paid out £1.89 billion in protection claims.
Aviva, a leading insurance company, has reported that it paid out more than £1.89 billion in individual and group protection claims in 2024. This includes over 62,000 claims, with 97.1% of individual claims received being paid. The majority of claims paid were on life policies, including terminal illness benefit, with 98.8% of claims being paid,...
Can weight loss jabs mean slimmer profits for Aviva, L&G, and other life and pensions companies?
The article discusses the potential impact of weight-loss jabs, also known as injectable treatments, on the profits of life and pensions companies such as Aviva and L&G. In recent years, there has been a significant increase in the demand for weight-loss treatments, with more people seeking non-surgical options to slim down. This trend has led to...
Bullerwell & Co’s client is thrilled to receive a £5,000 grant from the Aviva Broker Community Fund, benefitting the Bedford region.
Bullerwell & Co, a leading insurance brokerage firm, is thrilled to announce that one of its clients has won £5,000 in the Aviva Broker Community Fund. This prestigious award is a testament to the hard work and commitment of the client, who has demonstrated a strong sense of community spirit and dedication to making a positive impact in their...
Amanda Blanc, Chief Executive Officer of Aviva, discusses the UK pension scene and market volatility at 7:03 a.m. Eastern Daylight Time on March 19, 2025.
Ms. Amanda Blanc is a seasoned business executive and leader, currently serving as the Chief Executive Officer (CEO) and Executive Director at Aviva Plc. She has an impressive track record of holding prominent positions in the insurance industry, including CEO-EMEA at Zurich Insurance Group AG, CEO at AXA Insurance Designated Activity Co., and...
Aviva selects AutoRek’s automated reconciliation solution to streamline their operations
Aviva, a leading insurance, wealth, and retirement business in the UK, has chosen AutoRek, a leading provider of automated reconciliation solutions, to implement a seamless and compliant reconciliation and CASS (Client Assets, Responsibilities, and Securities) process. This collaboration aims to increase efficiency and compliance by automating...
Policybazaar introduces 100% claim settlement option for planned hospitalizations on select health insurance policies.
Policybazaar, a leading insurance platform, has introduced a 100% claim promise on planned hospitalizations for select health insurance policies. This initiative aims to provide a hassle-free and financially secure experience for policyholders, ensuring that they can focus on their recovery without worrying about hospital bills. The benefit is...
Best insurance company in India: 90% claims settled each by Aditya Birla, New India, HDFC ERGO; Bajaj, Star, Shriram lowest.
A recent report by the Insurance Brokers Association of India (IBAI) for the financial years 2023-24 and 2022-23 has revealed that four insurance companies in India have consistently cleared more than 90% of claims made by beneficiaries. The top performers include Aditya Birla Health, HDFC Ergo, and New India Assurance, which achieved claim...
According to a report by the brokers association, the Indian insurance companies that reject claims the least are revealed, providing insight into the claims settlement records of various insurers.
A recent report by the Insurance Brokers Association of India (IBAI) has revealed that the claim-to-settlement ratio for general insurance in India has decreased to 86% in 2022-23, down from 87% in the previous fiscal year. This means that 14% of claims were rejected by insurance companies. The report also found that the claims repudiation ratio,...
Bajaj Finserv may end partnership with Allianz by first half of CY25, potentially as early as March-end.
Bajaj Finserv is considering ending its partnership with Allianz, a German-based insurance company, as early as March 2025. The potential breakup comes after a long-standing joint venture between the two companies in the insurance sector. According to sources, Bajaj Finserv is likely to exit the joint venture, Bajaj Allianz General Insurance and...
The Competition Commission of India (CCI) has given its approval for 360 ONE Fund’s acquisition of a stake in Bharti AXA Life Insurance.
The Competition Commission of India (CCI) has approved the acquisition of a stake in Bharti AXA Life Insurance by 360 ONE and Bharti Life Ventures. This move paves the way for the completion of the transaction, which was announced earlier. Bharti AXA Life Insurance is a joint venture between Bharti Enterprises and AXA, a French insurance company....
Bajaj Finserv has agreed to acquire a 26% stake in Bajaj Allianz Life Insurance and Bajaj Allianz General Insurance from Allianz.
Bajaj Finserv, a leading financial services conglomerate, has announced that it will acquire a 26% stake in its joint ventures with Allianz, Bajaj Allianz Life Insurance Company Limited and Bajaj Allianz General Insurance Company Limited. The acquisition is expected to enhance the company's control and influence over the joint ventures, enabling...
Bajaj Finserv shares declined today following the announcement that Allianz will be exiting its joint venture with Bajaj Insurance for a whopping Rs 24,180 crore.
Bajaj Finserv shares took a hit on Tuesday, falling over 3% as the company's joint venture with Allianz, one of the world's largest insurance companies, came to an end. The French insurer has sold its 26% stake in Bajaj Allianz General Insurance Company Ltd, the Indian joint venture, to existing shareholders for a cash consideration of Rs 24,180...
Policybazaar introduces 100% claim settlement option for planned hospitalizations on select health insurance policies.
Policybazaar, a leading insurance platform, has introduced a 100% claim promise on planned hospitalizations for select health insurance policies. This initiative aims to provide a hassle-free and financially secure experience for policyholders, ensuring that they can focus on their recovery without worrying about hospital bills. The benefit is...
Best insurance company in India: 90% claims settled each by Aditya Birla, New India, HDFC ERGO; Bajaj, Star, Shriram lowest.
A recent report by the Insurance Brokers Association of India (IBAI) for the financial years 2023-24 and 2022-23 has revealed that four insurance companies in India have consistently cleared more than 90% of claims made by beneficiaries. The top performers include Aditya Birla Health, HDFC Ergo, and New India Assurance, which achieved claim...
According to a report by the brokers association, the Indian insurance companies that reject claims the least are revealed, providing insight into the claims settlement records of various insurers.
A recent report by the Insurance Brokers Association of India (IBAI) has revealed that the claim-to-settlement ratio for general insurance in India has decreased to 86% in 2022-23, down from 87% in the previous fiscal year. This means that 14% of claims were rejected by insurance companies. The report also found that the claims repudiation ratio,...
New India Assurance and Aditya Birla Life Insurance’s Health Insurance Claim Settlements in Fiscal Year 2023
The Insurance Brokers Association of India has released data on health insurance claims paid by various insurance companies for the year ending March 2023. According to the data, New India Assurance Co. Ltd. ranked among the top players in terms of health claims paid, with an impressive 95% of claims paid. Aditya Birla Health Insurance came in...
The Board will make an announcement by the end of March regarding our acquisition of a significant stake in a leading health insurance company, with myself, as MD and CEO, overseeing the transaction.
Life Insurance Corporation of India (LIC) is planning to acquire a stake in a standalone health insurance company by the end of the current financial year, according to Siddhartha Mohanty, the company's Managing Director and Chief Executive Officer. The decision is contingent on regulatory approvals, which are expected to be obtained by the end...
Will LIC Offer Health Insurance? The CEO Has Spoken
The Life Insurance Corporation of India (LIC) may acquire a stake in a health insurance company by the end of March, CEO Siddhartha Mohanty has revealed. While the CEO did not provide further details on the potential deal, he clarified that the company is not looking to take a majority stake. This marks a significant move for LIC, which currently...
A comprehensive insurance plan catering to expectant mothers: ‘PregnancyGuard’ – Providing tailored coverage for prenatal care, hospital stays, and newborn care, starting at $99 per month.
This article provides an overview of maternity insurance plans in India, which cover pregnancy-related expenses, including prenatal care, delivery, and postpartum care. The article highlights the importance of having maternity insurance, as these plans can help with the significant medical expenses associated with pregnancy and childbirth. The...
Best insurance company in India: 90% claims settled each by Aditya Birla, New India, HDFC ERGO; Bajaj, Star, Shriram lowest.
A recent report by the Insurance Brokers Association of India (IBAI) for the financial years 2023-24 and 2022-23 has revealed that four insurance companies in India have consistently cleared more than 90% of claims made by beneficiaries. The top performers include Aditya Birla Health, HDFC Ergo, and New India Assurance, which achieved claim...
According to a report by the brokers association, the Indian insurance companies that reject claims the least are revealed, providing insight into the claims settlement records of various insurers.
A recent report by the Insurance Brokers Association of India (IBAI) has revealed that the claim-to-settlement ratio for general insurance in India has decreased to 86% in 2022-23, down from 87% in the previous fiscal year. This means that 14% of claims were rejected by insurance companies. The report also found that the claims repudiation ratio,...
HDFC ERGO kicks off ‘Galat Raaste Pe Mat Jao’ road safety awareness campaign for National Road Safety Week.
HDFC ERGO General Insurance has launched a new campaign, #GalatRaastePeMatJao, to raise awareness about unsafe driving practices and promote responsible road usage during National Road Safety Week. The campaign aims to reach drivers across India and encourage them to rethink their unsafe actions behind the wheel. The initiative is a response to...
HDFC Ergo Launches Groundbreaking Cashless Claims Process for Post-Hospitalisation Expenses
HDFC Ergo, a leading non-life insurance company, is planning to introduce a cashless claims facility for post-hospitalization treatment. This move would make it one of the first non-life insurance companies to offer this service, which is not currently available in the industry. While some insurance companies provide reimbursement for...
Discover how you can enjoy the convenience of an Apple Watch at no additional cost with our exclusive HDFC Ergo plan.
HDFC Ergo and Zopper have collaborated to launch the "India Gets Moving" program, a unique initiative that encourages individuals to adopt a healthier lifestyle through technology and rewards. The program challenges participants to take 15,000 steps daily for a year, with a tempting reward: a free Apple Watch. To participate, customers must...
HDFC ERGO Ventures Launches ‘Drive Smart, Stay Safe’ Initiative to Promote Responsible Road Behavior
HDFC ERGO, a leading non-life insurance company in India, has launched a new initiative called "GalatRaastePeMatJao" to raise awareness about the risks associated with unsafe driving practices and promote responsible road usage. The campaign aims to educate individuals about the importance of not using mobile phones while driving, not exceeding...
HDFC Ergo Introduces a Cost-Effective Alternative to Its Best-Selling Optima Health Insurance Plan
HDFC Ergo General Insurance has launched Optima Lite, a more affordable health insurance plan with a base sum insured of Rs 5 and Rs 7.5 lakh. This new product is a variant of their flagship my:Optima Secure health insurance plan and offers a range of benefits including organ donor expenses, home hospitalization, and emergency ambulance services....
ICICI Lombard secures a Rs 175 crore tax reprieve from the Income Tax Department.
ICICI Lombard General Insurance, a leading general insurance company, has reported a significant increase in its net profit for the quarter ended September 30, 2024. The company's net profit for the period rose by 20% to Rs 693.95 crore, compared to Rs 577.25 crore in the same period last year. The insurer's gross direct premium income, which is...
ICICI Lombard’s #GameOfLife inducted into the Impact’s Hall of Fame.
ICICI Lombard, a leading general insurance company in India, is proud to announce that its innovative "Game of Life" campaign has been featured in Impact's "Hall of Fame" - Top 50 Ads of 2024. This prestigious recognition celebrates the most impactful campaigns across industries, with ICICI Lombard being one of the few BFSI (Banking, Financial...
ICICI Lombard anticipates a steady capital base in the medium term.
ICICI Lombard General Insurance Company Limited, a leading insurance firm, has been recognized by AM Best, a credit rating agency, for its strong financial performance and risk-adjusted capitalization. The company's risk-adjusted capitalization is expected to remain at the strongest level in the medium term, backed by its financial flexibility...
ICICI Lombard Unveils AI-Powered Anthem for TripSecure+, Its Revolutionary Travel Insurance Solution
ICICI Lombard has launched an AI-generated anthem for its travel insurance solution, TripSecure+, which is being played on RadioOne and on the company's social and digital platforms until March 31. This innovative move marks a new direction in the insurance industry, aiming to make insurance more immersive, relatable, and engaging for modern...
ICICI Lombard’s Caring Hands illuminates a brighter future for the young generation of India
ICICI Lombard's Caring Hands CSR initiative has launched a new campaign to highlight the often-overlooked issue of vision problems affecting millions of schoolchildren in India. The campaign, which is a 100% employee volunteering initiative, aims to raise awareness and encourage solutions to improve children's sight and future prospects. A...
ICICI Lombard hit with ₹273-crore tax demand for settling motor insurance claims under GST.
ICICI Lombard General Insurance Company Limited has received a tax demand of ₹273,44,50,284 from the Additional Commissioner of CGST & Central Excise, Palghar Commissionerate. The order relates to an industry-wide issue regarding the applicability of Goods and Services Tax (GST) on salvage and ineligible Input Tax Credit (ITC) on motor claims...