Insurance Companies
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7 Common insurance mistakes that can jeopardise your financial security
Business | Mar 07, 2025, 11:33 PM ISTInsurance is a vital part of financial planning, offering protection against unforeseen events. However, common insurance mistakes—like not reviewing coverage needs, ignoring policy details, or failing to compare plans—can leave you vulnerable.
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Term Insurance premium hike: Here's how you can lock premiums at lower rate
Business | Dec 07, 2021, 01:46 PM ISTAs insurers are engaged in talks with the reinsurers on the quantum of the hike, term plan premiums are set to become costlier for policyholders. The term plan premiums hike is likely to affect policyholders' pockets.
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Term insurance premium set to rise up to 40% from December 2021 | Know why
Business | Nov 27, 2021, 03:33 PM ISTCovid-19 death claims in Q1 were higher than the cumulative claims in the entire FY21, resulting hike in term insurance policy premiums.
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Bill for privatisation of state-run general insurance companies gets Parliament nod
India | Aug 11, 2021, 10:35 PM ISTAccording to the statement of objects and reasons of the general insurance amendment bill, it seeks to remove the requirement that the central government should hold not less than 51 per cent of the equity capital in a specified insurer.
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Vaccinate staff of banks, insurance companies on priority: Finance Ministry to States
India | May 14, 2021, 05:24 PM ISTThe finance ministry on Friday asked state governments to accord priority to employees of banks and insurance companies for COVID-19 vaccination, saying they are exposed to high risks during these difficult times.
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Non-life insurers direct premium rises by 6.7 per cent in January
Business | Feb 14, 2021, 12:45 PM ISTAmong these, 25 general insurance companies witnessed 10.8 per cent increase in their collective premium in the first month of 2021 at Rs 16,247.24 crore as against Rs 14,663.40 crore in January 2020, according to Insurance Regulatory and Development Authority of India (Irdai) data.
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Wildfires cause turmoil in CA property insurance market
World | Dec 25, 2019, 10:17 AM ISTKent Michitsch seemed to be running out of traditional options to insure the home he’s lived in for more than 30 years northeast of San Diego as California’s massive property insurance market reels from three consecutive years of destructive wildfires.
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Accident victim's kin awarded Rs 30 lakh relief after 9 years
India | Dec 18, 2019, 04:20 PM ISTThe accident took place on May 15, 2011 at Dombivli-Kalyan road when a speeding car rammed into the stationary vehicle the deceased Mayur Davda, an employee of a private airline, was sitting in, killing him on the spot.
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Policybazaar fined Rs 10 lakh for concealing facts
Business | Jun 05, 2019, 02:24 PM ISTThe Delhi High Court has slapped a Rs 10 lakh fine on Policybazaar, an online platform that aggregates insurance plans and serves as a marketplace for policies, for concealing facts to obtain a favourable order in a trademark infringement case filed by it against an insurance company.
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Cabinet approves listing of 5 public sector general insurance cos in stock market
Jan 18, 2017, 04:16 PM ISTThe Cabinet Committee on Economic Affairs on Wednesday has given its green signal to go ahead with the listing of five public sector general insurance companies in the stock exchanges. Finance Minister Arun Jaitley said
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Banks, insurance unions to strike work tomorrow
Sep 01, 2015, 02:32 PM ISTChennai: Employees of public sector banks and government-owned non-life insurance companies would go on strike on Wednesday to protest against the anti-trade union and worker policies of the central government, union leaders said on Tuesday."The
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Reliance Capital expects turnaround in insurance business in 2015
Jan 04, 2015, 04:34 PM ISTMumbai: Confident about further growth in its mutual fund and securities market businesses, financial sector conglomerate Reliance Capital expects a turnaround in its life insurance business as well in 2015.Besides, the group should record faster
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Cobrapost expose: 23 banks, 4 insurance companies figure in money laundering, Finance Ministry orders action
May 06, 2013, 09:09 PM ISTNew Delhi, May 6 : An investigative website Cobrapost Monday alleged that at least 23 top public and private banks and insurance companies have been doing large-scale money laundering. Several of the firms named denied
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Govt issues summons to insurance companies for over Rs 300-cr service tax evasion
Oct 07, 2012, 10:54 PM ISTNew Delhi, Oct 7: The Finance Ministry has issued summons to about a dozen insurance firms seeking documents pertaining to sale of insurance policies and commission paid to their field associates as part of its