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General and life insurance premiums increased by 16% from Rs. 3.6 billion as at September 2007 to Rs. 4.2 billion as at September 2008.
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The key highlights of this unique model are that it cuts down the implementation cost by 30% over....
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The proposed company is yet to approach the Insurance Regulatory and Development Authority (IRDA) for the necessary approvals.
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Piracy in the Gulf of Aden could increase insurance and transport costs by $400 million....
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Premium rates too have been reduced and there would be no service tax payable.
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It means life insurance policy-holders, paying monthly premium, may not get more than 15 days’ grace period to keep their....
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The insurers are now permitted to file variations in deductibles set out in the tariffs.
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This is the first policy of its kind that directly addresses business income losses due to a declared pandemic....
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