IRDAI wants motor insurance cos to give ‘pay as you drive’ choice to customers
IRDAI issues a master circular on General Insurance business repealing 13 circulars as part of reforms.
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ICICI Lombard shares surge 7% on 22% rise in Q3 profit
General insurance company’s GDPI surges 13.4% to ₹6,230 cr in Q3; ROAE grows to 15.3%
M&M Finance forays into life, health and general insurance
The company plans to make an initial investment ranging from ₹5 crore to ₹10 crore.
ICICI Lombard shares jump 14% on ICICI Bank’s stake hike plan
ICICI Bank, which currently holds 48.02% stake in ICICI Lombard General Insurance, plans to acquire at least 2.5% of the 4% shares by September 9, 2024.
SEBI puts Go Digit IPO in ‘abeyance’
Virat Kohli and Canadian billionaire Prem Watsa-backed Digit Insurance had last month sumitted papers for an IPO comprising fresh issue of shares and offer for sale.
IRDAI allows 'pay as you drive' motor insurance
The insurance regulator has allowed floater policy for vehicles belonging to the same individual owner for two wheelers and private cars.
Paytm's loan disbursals grow to ₹1,657 cr in April on uptick in ticket size
In the offline payments business, Paytm had 32 lakh devices deployed in stores as of April 2022, up from 9 lakh as of April 2021. User engagement on Paytm's super app rises 44% YoY.
The resilience of the insurance industry
The path to recovery may not be an easy one, but the industry will continue to play a pivotal role in getting the nation back on its feet.
Three game-changing rules for insurance companies
Insurers need to have speed, accuracy, and trust, or SAT, in these times to make their customers loyal.
Budget booster for insurance sector
The Budget proposes to raise the 49% cap on foreign direct investment (FDI) in insurance companies to 74%, with governance and management safeguards.
