Insurers: Latest News and Updates, Top Stories, Videos, Photos About Insurers

Berkshire Hathaway Reports $13 Billion Loss in Third Quarter

Warren Buffett's company has reported a nearly $13 billion loss in the third quarter as the paper value of its investments fell, but the companies it owns — particularly the insurers — generally performed well....

PSU General Insurers Book Rs 26,364 Cr, Loss For Health Portfolio In Last 5 Years

All four public sector insurers incurred losses of Rs 26,364 crore in the health insurance portfolio for the last five years due to higher claims in group policies, a CAG report said. "The losses of the health insurance business of PSU ...

Nearly Rs 49,000 Crore Lying Unclaimed With Banks, Insurers: Karad

An estimated Rs 49,000 crore is lying unclaimed with banks and insurance companies, the Minister of State for Finance Bhagwat Karad informed the Rajya Sabha on Tuesday. The data on the unclaimed amount is till December 31, 2020. Giving the details ...

Limitation Act requires claims on life insurance to be made in 3 years time

Getting claims against life insurance investment in an easy manner shall take you by surprise in some instances as the process is not easy and requires constant follow-up with the insurer together with completion of so many of the formalities. And, ...

IRDA allows insurers to collect advance premium for policies due in next financial year

In the earlier notification, IRDA allowed advance premium collection for policies that fall due in the ongoing financial year. Know more on this earlier directive of the IRDA in relation to advance premium collection. And now further promoting customer's interest, ...

Irda unveils simplified, standard products for rural markets

NEW DELHI: Regulator Irda today unveiled simplified, standard products designed to be sold by life insurance companies through nearly one lakh Common Services Centers so as to enhance insurance penetration in rural area. Under this distribution model two kinds of ...

IRDA allows insurers to invest in Infrastructure Debt Funds (IDFs)

Earlier in the first week this year, Insurance Regulatory and Development Authority allowed insurance companies to invest in L&T Infra Debt Fund (IDF) for investment in infrastructure sector. For this the insurance regulatory authority, IRDA, received application from the fund for ...

IRDA to bring CSCs for selling simple policies in rural areas

Hyderabad: The Insurance Regulatory and Development Authority (IRDA) is roping in Common Service Centres as a platform for insurers to sell simple policies in rural areas. "We are bringing CSCs as insurance brokers to sell policies. In six months time ...

Insurance Information Bureau to maintain health insurance grid

HYDERABAD: Insurance Information Bureau (IIB), an independent body created by the Insurance Regulatory and Development Authority (IRDA), would be maintaining a health insurance grid connecting TPAs, insurers and hospitals. TS Vijayan, Chairman, IRDA, said that IIB has already launched a ...

Insurers News