Innovate to address new risks, Finance Minister advises insurers
Finance Minister Nirmala Sitharaman held a meeting with public sector general insurance companies to discuss their performance and future strategies. The meeting was attended by top officials, including Financial Services Secretary M Nagaraju. Sitharaman emphasized... NIACL Assistant Mains Result 2024 Declared; Download Link Available
The New India Assurance Company Limited (NIACL) has announced the results of the Assistant Phase II exam, which was held on March 2, 2025. Candidates who took the exam can now check their results on the official NIACL website, newindia.co.in. The results declare the... New India Assurance Company appoints seven General Managers
The New India Assurance Company Limited, a leading insurance company in India, has announced the appointment of seven new General Managers. The company has informed the regulatory authorities and stakeholders about the new appointments through a regulatory filing. The... Fastest Insurers to Settle Claims within 3 Months:
- ICICI Lombard General Insurance: 98.04% claims settled within 3 months
- Bajaj Allianz General Insurance: 96.45% claims settled within 3 months
- HDFC Ergo General Insurance: 95.52% claims settled within 3 months
- Apollo Munich Health Insurance: 94.95% claims settled within 3 months
- Max Bupa Health Insurance: 94.64% claims settled within 3 months
Slowest Insurers to Settle Claims within 3 Months:
- United India Insurance: 73.45% claims settled within 3 months
- New India Assurance: 75.13% claims settled within 3 months
- National Insurance: 76.23% claims settled within 3 months
- Oriental Insurance: 77.15% claims settled within 3 months
- Universal Sompo General Insurance: 78.21% claims settled within 3 months
The Insurance Regulatory and Development Authority (IRDAI) has released its handbook on Indian Insurance Statistics for 2023-24, which provides insights into the claim settlement ratios of various insurance companies in India. The claim settlement ratio helps...