Travel Insurance in light of Omicron Variant

Spread of Omicron variant across globe has led to new travel restrictions. Travel insurance in this situation can help the travelers as any Travel Insurance policy with medical benefits covers treatment cost for Covid like and any other related illnesses. Source – https://www.google.com/amp/s/m.economictimes.com/news/how-to/omicron-and-travel-so-now-do-i-need-trip-insurance/amp_articleshow/88166459.cms    

Bajaj Allianz to offer Drone Insurance

Bajaj Allianz in partnership with TropGo to offer its Niche product for Drones.   Highlights – 1. Bajaj Allianz GIC became fourth Insurer to offer Drone Insurance. 2. HDFC Ergo, ICICI Lombard and Tata AIG are the other Insurers who offer Drone Insurance. 3. Bajaj Allianz is offering this product in partnership with Tropogo,adeep-tech start-up … Read more

Investment OR Insurance? Whats your take?

Investment Vs Insurance

Uncertainty due to losses like life, property, business, or health; Insurance is Savior. You need to pay regular premiums to the Insurance companies to safeguard yourself  from uncertainties due to Health issues and unfortunate events which may cost your life.  Term Insurance, Personal accident, Critical illness insurance apart from regular mediclaim policies are important one … Read more

Star Health Insurance IPO to open on November 30

Star Health IPO

Standalone Health Insurer; Star Health and Allied Insurance Co Ltd owned by the investors like Safecrop Investments India LLP, WestBridge AIF I, and Rakesh Jhunjhunwala is all set to issue IPO’s on November 30.   Source: https://www.financialexpress.com/market/ipo-news/rakesh-jhunjhunwala-owned-star-health-insurance-ipo-to-open-nov-30-check-issue-size-price-other-details/2374966/   Also read; Insurance Claim Letter for COVID 19     How to claim Tax rebate for Health … Read more

15% wage revision likely soon for PSU general insurance employees

GI employees wage rise

PSU undertaking General Insurance Company employees are likely to see wage revision shortly. Nearby 60,000 employees working in PSU GI Companies are expecting revision in wages by 15%. The last revisiom in wages was seen in 2017.   Source – https://www.google.com/amp/s/www.zeebiz.com/personal-finance/news-good-news-for-60000-psu-general-insurance-employees-15-wage-revision-announcement-likely-soon-171193/amp  

Unborn child insurance cover can be seen soon for birth defects

Unborn Cover

Many couples opt for termination of pregnancy on diagnosis of even small congenital malformation detected during antenatal screening (Ultra Sonography). Leading Standalone Health Insurance Company; Star Health and Allied Insurance Co Ltd. is making an efforts to roll out new health insurance policy for the couples for birth defects with which their child would be … Read more

Reinsurer Swiss RE reported to acquire stakes in Paytm’s Insurance business.

Paytm multinational technology company specialized in digital payment system, e-commerce and finance started its Insurance journey back in 2015. Paytm got its Composite Insurance brokers license from IRDAI in 2020 and in same year 4 months later announced acquisition of Raheja QBE General Insurance Company. Swiss RE as a global Insurance and Reinsurance expert aims … Read more

Profit of General Insurance Companies rise to Rs 3,869 cr in FY 2021

According to GIC, net profits of Indian Non Life Insurance Companies have rised to Rs 3,869 cr in FY 2021. Source: https://www.google.com/amp/s/www.freepressjournal.in/amp/business/net-profit-of-32-general-insurance-companies-zooms-to-rs-3869-cr-in-fy21   Also read – It is observed that there is less awareness in the students’ pursuing Insurance career regarding examinations-certifications that are recognized at national and at global level. In this article we … Read more