Accident emergency care to go cashless
 

How to select the right motor insurance cover: 8 points to consider

Bajaj Allianz launches insurance for HNIs

Bajaj Allianz General Insurance will also offer protection that aligns with the HNI and UHNIs' financial and lifestyle preferences. It has created a segmented category for niche customers that addresses their unique needs with a curated selection of personalized insurance offerings, to safeguard their lifestyles. Tapan Singhel, managing director and CEO, BajajAllianz General Insurance, said the company understood their customers' sophisticated asset portfolios, financial planning, and distinct lifestyles demanded insurance offerings that transcended conventional norms and Prive is tailored to meet the needs of this exclusive clientele. "Prive is not just another insurance program. We recognizethat individuals of this strata expect nothing but the absolute best in products and services. With Prive, we aspire to be the go-to insurer," Singhel said. 

Bajaj Allianz General Insurance launches premium programme for high-value customers

Shriram General Insurance posts 34% growth in gross direct premium underwritten in FY24
Chennai: Shriram General Insurance Company outlined its five-year growth plan, aiming to grow the share of the non-motor business from 8.5 per cent now to 15 per cent, while increasing the number of agents from 69,000 to 2 lakh. The expansion strategy includes deeper penetration into small towns and rural areas to target the uninsured population.

Chola MS posts 23% growth in FY24 gross written premium to ₹7,598 crore

Cholamandalam MS General posts PBT of ₹444 crore in FY24
Chennai: Cholamandalam MS General Insurance Co Ltd (Chola MS), a joint venture between the Murugappa Group and the Mitsui Sumitomo Group (Japan) has reported a profit before tax (PBT) of ₹444 crore as compared with ₹264 crore in the previous year.

New Schengen Visa rules: Know changes in travel, insurance trends; senior citizens visiting Europe shoots up by 100%
New Schengen Visa rules have resulted in a doubling of Europe-bound senior citizens, a survey by insurance broker Policybazaar.com revealed.

SBI General Insurance result: Net profit jumps 30.4% to Rs 240 cr in FY24
The non-life subsidiary of State Bank of India had recorded a net profit of Rs 184 crore in the previous financial year.

PhonePe poured bulk of past year’s investments into insurance business

Private general insurers push up market share, competition set to intensify
Private sector non-life insurance companies have increased their market share in the financial year 2023-24 (FY24) amid intense competition in the sector, mainly in the health and motor businesses. The overall market share of private non-life insurers has witnessed a sustained increase to 65 per cent for FY24 from 62 per cent in FY23 and 59 per cent in FY22 highlighting the persistent growth differential between the public and private sectors.

ICICI Lombard General Insurance Company Q4 FY24 Results Live : profit rise by 18.89% YOY
ICICI Lombard General Insurance Company declared their Q4 FY24 results on 17 Apr, 2024. The topline increased by 1.29% & the profit increased by 18.89% YoY. As compared to the previous quarter the revenue grew by 3.13% and the profit increased by 20.41%.

Types of car insurance scams in India

ICICI Lombard Q4 PAT rises 18.9% to Rs 520 crore

Why you should renew your car insurance policy on time?

Digital tech a significant driver in general insurance, says Tapan Singhel
General insurers are anticipating operational guidelines from the insurance regulator on expanding the last mile reach, with IRDAI having introduced regulations on social and rural obligations.

´ Target ₹ 6,000 cr GWP for FY25´
Source Credit: Business Standard

Our plans to grow the distribution will be in line with our ambition of achieving 20 per cent growth going forward.

Significant share of two wheelers in India still uninsured: SBI Gen Insurance MD & CEO

Target Rs 6K cr gross written premium for FY25: Future Generali MD & CEO

Private sector general insurer Future Generali India Insurance plans to focus on the underpenetrated non-motor, non-health space to support growth. Anup Rau, the MD & CEO of the company, discusses the company’s expansion plans in a video interview with Aathira Varier.

Edited excerpts
 

Govt unlikely to privatise GIC Re at this stage: CMD Ramaswamy Narayanan

Do you think the complete privatisation of GIC Re can happen in the future?

General insurance industry records a 16.22 per cent growth in premium in 2023-24
 

HDFC ERGO introduces Paws n Claws, an all-inclusive insurance plan that covers pet diagnostics
HDFC ERGO General Insurance has introduced Paws n Claws, an extensive insurance policy designed for pet dogs and cats. India’s pet care industry is experiencing a consistent annual growth rate of approximately 13% and is projected to reach $800 million by 2025. However, many pet owners still face challenges in accessing affordable veterinary care, often spending thousands of rupees annually on their pets’ treatments.

General Insurance industry grows 12.78% in FY24

HDFC Ergo Paws n Claws pet insurance cover: Who can purchase, what is covered, what is not, premium, duration

Beyond medical emergencies: General insurance products you need to invest in for a stress-free life
While the COVID-19 pandemic pushed many Indians to purchase or increase their life insurance coverage, the non-life insurance penetration continues to remain around the 1% mark, underscoring the lack of financial protection necessary to support India’s growth ambitions. What’s more, most Indians are aware of only few products within the general insurance space, with health and motor insurance contributing to the lion’s share of non-life insurance policies sold in our country today. Recognising the fact that financial expenses associated with accidents and other emergencies could derail one’s life, let us explore the range of general insurance products that can offer a layer of much-needed protection that can facilitate a worry-free and healthier life.

Crop insurance cover expands 27% in FY24
 

Insurance Query: Coverage for pre-existing illness during travel, truncated trip
I’m preparing for an international journey, to Vietnam, with my husband and two children. While considering travel insurance, I have two specifics I want covered in my policy. Firstly, my husband has diabetes, so I’m looking for a plan that covers pre-existing medical conditions. Also, my father-in-law has some medical issues that may require us to cut short our trip and return to be with him. In such a case, would travel insurance compensate for our emergency air ticket and hotel cancellation fee? Are there insurance options that address these specific requirements?

Chola MS General’s gross written premium crosses ₹7,500 crore in FY24
Chennai: Cholamandalam MS General Insurance Company Ltd, a 60:40 joint venture between Murugappa Group and Japan’s Mitsui Sumitomo Insurance Group, has ended the fiscal FY24 with a growth of 22 per cent in its gross written premium (GWP).

Future Generali India Insurance appoints Ramit Goyal as chief distribution officer

Chola MS General’s gross written premium crosses ₹7,500 crore in FY24
Chennai: Cholamandalam MS General Insurance Company Ltd, a 60:40 joint venture between Murugappa Group and Japan’s Mitsui Sumitomo Insurance Group, has ended the fiscal FY24 with a growth of 22 per cent in its gross written premium (GWP). The company’s GWP crossed ₹7,500 crore in the fiscal that ended on March 31, 2024, according to a company’s communication.