BAJAJ ALLIANZ GENERAL INSURANCE
Firms want insurance companies to pay “loss of profit” due to COVID-19
Quite a few companies are eyeing claims under what is known as the “loss of profit” clause in their insurance contracts. This typically covers losses due to factory shutdowns when unforeseen circumstances such as fire or accidents occur.
Bajaj Allianz General Insurance moves core operations to TCS Bancs on cloud
"With this new cloud platform, we will be able to leverage an arr...
Standardised health insurance to help with portability: Tapan Singhel, Bajaj Allianz General Insurance
Liability insurance moving up very fas...
Bajaj Finserv Q3 results: Profit surges 32% to Rs 1,126 crore; total income up 31%
Bajaj Finserv is the holding company of Bajaj group’s financial services businesses.
Soon, you’ll get to buy one policy for many cars
ICICI Lombard’s floater is an app-based interface that will help link multiple vehicles together & offer coverage.
Not just lungs, toxic air to hurt wallets too
Higher premiums will likely apply to Delhi residents seeking fresh policies. Insurance industry professionals said there has been an increase in claims from Delhi residents and costs of settlements have also risen. Capital residents who are deemed high risk given air pollution levels will likely pay the highest premiums.
Bajaj Finserv Q2 profit jumps 71% YoY to Rs 1,204 crore on strong revenue growth
The firm had posted a net profit of Rs 923 crore in the same quarter last year.
Stiff fines drive third-party motor insurance business
Insurers said that the stricter enforcement of penalties by the police has led to this massive surge in customers buying mandatory third-party motor insurance. Under the new provisions, driving an uninsured vehicle will lead to a fine of Rs 2,000.
Auto is 50% biz, but liability, crop and health insurance moving up: Tapan Singhel, Bajaj Allianz
Complex insurance like factories or liability insurance still being sold by distribution mechanism.
Insurance companies can no longer exclude many illnesses
The insurance regulator on Monday said age-related ailments such as cataract surgery, knee-cap replacements, Alzheimer’s and Parkinson’s would also have to be covered.
Motor cover renewals up 6x on fines
As traffic violators start paying hefty penalties under the new Motor Vehicles Act 2019, renewal of vehicle insurance policies has a seen an increase of more than 50% in the last few days.
Bajaj Finserv confident of beating market going forward: S Sreenivasan
We are a very small part of the whole lending system and the size of the opportunity is very large.
Bajaj Finserv Q1: Check out the key highlights
Consolidated total income increased 39.92 per cent to Rs 12,272.26 crore during the quarter.
Corporates can now buy house insurance policy
The policy covers structure of the house, contents, portable equipment, jewellery and valuables along with curios, works of art on agreed value basis and so on.
Insurers to make available standalone 'own damage' motor policy from September 1
Consequently, the issuance of bundled policies for cars and two-wheelers will not be compulsory from September 1, the Insurance Regulatory and Development Authority of India (Irdai) said.
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