Insurance

US grants 30-day waiver to India to buy Russian Oil: Treasury Secretary Scott Bessent

To enable oil to keep flowing into the global market, the Treasury Department is issuing a temporary 30-day waiver to allow Indian refiners to...

West Asia Conflict: A look at potential sectoral impact

Energy: A majority of energy is transported through the Strait of Hormuz, located between Oman and Iran and the vital artery for global energy trade,...

Somany Ceramics says supplier restricts gas supply, amid Middle East conflict

Accordingly, SGL has informed that the Daily Contracted Quantity of gas supply shall be provisionally restricted to 50 per cent of the contracted quantity...

LIC unveils two new endowment plans

Launched by Sat Pal Bhanoo, CEO and Managing Director (In-Charge) of LIC, the newly introduced offerings are LIC’s Nav Jeevan Shree (Plan 912) and...

Chola MS sets up zonal HQ in Delhi

The Delhi office will be the insurer’s 17th company-owned facility in the country. It will act as the nerve centre for its northern operation. North...

LIC ranks 4th among most valuable brands

LIC’s brand value surged by 35.1% year-on-year, reaching $13.6 billion, up from $10.07 billion in 2024. LIC continues to dominate the Indian insurance sector and...

Star Health inks pact with Medi Assist

The move is part of Star Health’s digital transformation plans, aimed at faster claim settlements, fraud detection, and streamlined customer service. The adoption of MAtrix...

Doraiswamy set to be CEO & MD of LIC

The bureau interviewed four candidates from Life Insurance Corporation of India (LIC) on June 11 for the position of Chief Executive Officer and Managing...

NCLAT rejects IRDAI stand on merger of Shriram insurance arms

This became a bone of contention when various Benches of the National Company Law Tribunal (NCLT) approved the proposals to merge Shriram GI Holdings...

India’s Insurance Renaissance

Premiums Rise, Penetration Declines in FY 2023-24 As of the fiscal year 2023-24, India's insurance market has demonstrated robust growth. The total insurance premium increased...

Insurance: Focus on customer and their rights…

GST clarification-a relief for insurers The GST Council took a decision not to levy tax on insurance premium and reinsurance commission, retrospectively. Co-insurance is an...

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US grants 30-day waiver to India to buy Russian Oil: Treasury Secretary Scott Bessent

To enable oil to keep flowing into the global...

West Asia Conflict: A look at potential sectoral impact

Energy: A majority of energy is transported through the Strait...

Somany Ceramics says supplier restricts gas supply, amid Middle East conflict

Accordingly, SGL has informed that the Daily Contracted Quantity...

GAIL mulls supply cuts on customers, amid Force Majeure notices

GAIL said its long-term suppliers, Petronet LNG Ltd, has...

US Trade court orders tariff refunds: report

"All importers of record whose entries were subject to...