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With the arrival of the monsoon, flooded roads have become a familiar sight across many parts of India. Cities including Mumbai, Delhi, Chennai and Bengaluru witness severe waterlogging that leaves countless vehicles damaged annually. Although comprehensive motor insurance is designed to cover losses arising from floods and water damage, policyholders do not always receive payouts,…
Last Updated:May 03, 2026, 01:07 IST The Life Insurance Corporation of India (LIC) remains under a separate framework, with its foreign investment cap held at 20% under the automatic route By aligning foreign investment norms with the nation’s “Viksit Bharat” vision, the government aims to strengthen the capital base of the insurance sector, ensuring that…
New Delhi: The recent deviation in a PSLV-C62 mission of Indian Space Research Organisation, which likely led to the loss of 16 satellites, has renewed attention on how India manages financial risk in space missions. A review of ISRO’s past practices shows that insurance decisions have varied based on the satellite’s origin and the launch…
New Delhi: The recent deviation in a PSLV-C62 mission of Indian Space Research Organisation, which likely led to the loss of 16 satellites, has renewed attention on how India manages financial risk in space missions. A review of ISRO’s past practices shows that insurance decisions have varied based on the satellite’s origin and the launch…
Mumbai: Despite muted returns last year, domestic insurance companies and the National Pension System (NPS) invested over Rs 1 lakh crore in Indian equities in 2025 to date, the highest combined annual inflow from these segments, data showed on Tuesday. Insurance firms invested Rs 56,821 crore in equities year to date (YTD), while NPS contributions…
New Delhi: General insurance company SBI General Insurance on Thursday announced a 10.7 per cent increase in its gross written premium to Rs 7,376 crore for H1 FY26, surpassing the industry growth rate of 7.3 per cent. The growth in H1 FY26 was driven by strong performance in key sectors: health business grew by 41…
New Delhi: The General Insurance Council (GI Council), the apex body representing insurers, has sternly criticized Association of Healthcare Providers (India) (AHPI)’s decision to stop cashless treatment to policyholders of two insurance companies. AHPI recently urged its members in North India to stop providing cashless treatment facilities to Bajaj Allianz General Insurance and Care Health…
New Delhi: The Association of Healthcare Providers – India (AHPI) has urged its members in North India to stop providing cashless treatment facilities for Bajaj Allianz General Insurance Company policyholders, with effect from September 1. The decision was made in response to several hospital complaints that AHPI has received about Bajaj Allianz’s failure to update…
Last Updated:August 17, 2025, 23:50 is PM Narendra Modi said the revised GST framework proposed by the Centre has been circulated among states. He sought their cooperation to implement the proposal before Diwali PM Narendra Modi had announced the proposal to reform the GST law during his Independence Day speech on August 15 from the…
New Delhi36 minutes ago Copy link Yesterday’s big news was related to the International Monetary Fund (IMF). The Executive Board of the IMF has given a new loan of $ 1.4 billion (about ₹ 12 thousand crore) to Pakistan under the Climate Rejylines Loan Program. At the same time, State Bank of India (SBI), the…