Police arrest man for defrauding insurance firm of Rs 34 lakh
Police arrest man for defrauding insurance firm of Rs 34 lakh Kochi: A man accused of defrauding Rs 34 lakh from a private insurance company was arrested by the police here on Thursday. The suspect, identified as Varun Kumar Nair (36), a resident of Ochira in Kollam, was apprehended on charges of cheating Niva Bupa […]
Canara HSBC Life Insurance launches campaign highlighting financial planning solutions
Canara HSBC Life Insurance has launched a brand campaign featuring actor Varun Sharma, focusing on the importance of financial planning for modern consumers. Reportedly, the campaign includes three main ad films and supporting content, showcasing scenarios where financial solutions like savings, retirement, and term plans address diverse goals. “At Canara HSBC Life Insurance, we aim […]
Insurance Stocks Slide Up to 6% as GST Council Defers Decision on Premium Rates
Shares of insurance companies took a hit on Monday, declining by as much as 6% in intra-day trading on the BSE. The downturn followed the Goods and Services Tax (GST) Council’s decision to defer discussions on reducing GST rates for life and health insurance premiums. Consequently, the existing GST rates on insurance remain unchanged. The […]
Claims ratio of non-life insurers dips to 82.52 pc in FY24: Irdai report
Net incurred claims to net earned premium (claims ratio) of non-life insurance industry stood at 82.52 per cent during 2023-24 as against 82.95 per cent in the preceding fiscal year, as per the Irdai’s annual report. According to the Annual Report 2023-24 of the Insurance Regulatory and Development Authority of India (Irdai), during 2023-24, the […]