Know about the Ayushman Bharat Health Insurance Scheme


Prime Minister Narendra Modi had launched the "world's biggest government-sponsored healthcare scheme", Ayushman Bharat, on September 23, 2018. The Prime Minister said that the "the number of beneficiaries (of the scheme) is almost equal to the population of Canada, Mexico and the US taken together."

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Auto Insurance: IRDAI hikes insurance cover for owner-driver to 15 lakh


All motor policies will now include personal accident protection that will cover the owner-driver for Rs 15 lakh in case of death due to accident while driving. The move will go a long way in providing succour to families of accident victims, particularly two-wheeler owners who are often under-insured.

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Crop Insurance Scheme: 12% interest to farmers in case of delay in settlement of claims


Insurance companies will have to pay farmers 12 per cent interest in case of delay in settlement of claims under the farm insurance scheme PMFBY, as per the new guidelines of the government.

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Insurance Industry to touch USD 280 bn by FY20


The Indian insurance industry is expected to grow to USD 280 billion by 2019-20 aided by the government's flagship Ayushman Bharat and increasing awareness about need for protection, according to an Assocham-APAS study.

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Dos and don'ts while filing your motor insurance claim


Driving can be fun but one accident or an unfortunate event is enough to play spoilsport. This can include your vehicle getting stuck in a water logged area or a falling tree damaging the rooftop during a hailstorm.

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New cars, bikes costs more now as IRDAI makes long-term 3rd party insurance mandatory


Buying a car or two-wheeler became expensive from Sept 1, 2018 as long-term third party insurance policy has been made mandatory by the Irdai following a Supreme Court order. The three-year third-party insurance will cost Rs 5,286 for cars with engine capacity of less than 1,000 cc, Rs 9,534 (1,000 - 1,500 cc) and Rs 24,305 for cars with engine capacity of 1,500 cc and more.

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Gross premium collection of non-life insurers grows 20%


The gross premium collection of all the non-life insurers rose by 20% to Rs 11,714.87 crore in July 2018, according to the data by Insurance Regulatory and Development Authority of India (Irdai). The 33 non-life insurance companies had underwritten a gross premium of Rs 9,790.07 crore in the same month last year.

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