by Team Small News | May 2, 2025 | Aditya Birla, Bajaj Allianz Life Insurance, HDFC ERGO, Insurance, New India Assurance, Star Health and Allied Insurance
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...
by Team Small News | May 2, 2025 | Aditya Birla, Bajaj Allianz Life Insurance, HDFC ERGO, IFFCO Tokio, Insurance, New India Assurance
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 Team Small News | Mar 24, 2025 | Aditya Birla, Insurance, New India Assurance
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,...
by Team Small News | Mar 22, 2025 | Aditya Birla, Insurance, LIC, Niva Bupa, Star Health and Allied Insurance
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...
by Team Small News | Mar 20, 2025 | Aditya Birla, Insurance, LIC, Niva Bupa, Star Health and Allied Insurance
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... by Team Small News | Mar 17, 2025 | Aditya Birla, Bajaj Allianz Life Insurance, Bharti AXA, Insurance
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...