August 21 2015
According to the National Crime Records Bureau (NCRB), India witnesses 377 deaths and 1,287 injuries per day, due to road accidents. In 2014, 4.79 lakh people sustained injuries from road accidents.
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August 19 2015
The total online insurance market size is at `1000 crores in the year 2015, as per reports from the Boston Consulting Group (BCG). While the life insurance segment covers `350-400 crores, motor insurance is worth `300-350 crores and health and travel insurance amounts to `150-200 crores.
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August 18 2015
The non-life insurance industry received a boost from the Prime Minister initiated insurance schemes and reflected more than 12% growth during the first quarter of the financial year 2015-16.
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July 20 2015
Pricewaterhouse Cooper (PwC) conducted the 'Insurance Banana Skin 2015' survey that polled around 800 insurance practitioners and industry observers in 54 countries.
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July 14 2015
The Insurance Regulatory and Development Authority of India (IRDAI), has issued a strict guideline instructing Third Party Administrators (TPAs) to keep out of claims. Several TPA services have been terminated by companies after discovering their fraudulent practices.
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June 30 2015
The devastating floods in Jammu & Kashmir in 2014 resulted in the loss of several lives and left several others homeless. The aftermath resulted in public sector general insurance companies receiving 13,909 claims, of which 13,612 claims, amounting to `729.75 crores, have been settled.
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June 17 2015
The Government has created a nuclear insurance pool worth `1,500 crores with the support of Nuclear Risk Insurers (NRI), UK.
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June 16 2015
The onset of monsoon in northeast India was marked by the first wave of floods in Assam. Relentless rainfall has caused the Brahmaputra and its tributaries to overflow and inundate up to 2,800 hectares of crops,
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June 04 2015
The Indian vehicle market is dominated by two-wheelers, as they constitute nearly 70% of it. Out of this share, 75% two-wheelers are running without a Motor Insurance Policy. Although Third Party Liability insurance is mandatory, two-wheeler owners seem to be overlooking this compulsion.
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May 29 2015
Smart Cities are developed urban areas with unlimited digital and technological potential to reduce cost and resource consumption and enhance the performance, well-being, and efficiency of its citizens.
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