Insurance News - Latest Updates & Headlines
PM Modi's guarantee being fulfilled, say BJP leaders as CM Gupta launches Ayushman Vay Vandana card in Delhi
New Delhi, April 28: The Delhi government on Monday launched its ambitions health insurance scheme by distributing Ayushman health cards to elderly people aged 70 years and above, making them eligible for free medical treatment of up to Rs 10 lakh. The ‘Ayushman Vay Vandana Scheme’, proposed to be offered to six lakh beneficiaries in phases, is part of a promise made by the ruling BJP ahead of Assembly elections which saw the party end its 27-year drought in Delhi politics.
Tamil Nadu: Ooty professor raises awareness about Ayushman Bharat cards
Ooty: , April 27 (IANS) While Ayushman Bharat Pradhan Mantri Jan Arogya Yojana (AB PM-JAY) has become a cornerstone of Modi government's commitment to achieving Universal Health Coverage (UHC), the scheme has motivated many ‘volunteers’ to spread awareness about the gamechanger scheme among the masses, particularly those who have remained outside the ambit of it.
Fisheries Ministry to unveil projects worth Rs 255 crore in Mumbai on April 28
New Delhi, April 26: The Department of Fisheries under the Ministry of Fisheries, Animal Husbandry and Dairying will unveil Rs 255 Crores worth of fisheries projects on April 28 in Mumbai, the ministry said in a release on Saturday.
Dept of Fisheries to host 'Coastal States Meet 2025' in Mumbai on April 28
New Delhi, April 26: The Department of Fisheries under the Ministry of Fisheries, Animal Husbandry and Dairying will unveil Rs 255 Crores worth of fisheries projects on April 28 in Mumbai, the ministry said in an official statement on Saturday.
Millions benefited from Ayushman health cards, now is the time for Delhi: Hardeep Puri
New Delhi, April 26: Union Minister of Petroleum and Natural Gas, Hardeep Singh Puri, on Saturday said the Ayushman Vay Vandana scheme is proving to be a milestone, and millions of elderly people in the country have already benefited from it.
Delhi: Ayushman health card registration begins for 70-plus senior citizens; scheme launch on April 28
New Delhi, April 26: The process for registration of senior citizens aged 70 years and above for Ayushman Health cards in Delhi began on Saturday, ahead of the formal launch of the Rs 5 lakh health insurance scheme on Monday, an official said.
Transparency and awareness are crucial to avoid health insurance claim rejections: Experts
By Nikhil Dedha, New Delhi, April 26: The majority of health insurance claims in India are rejected due to policyholders misunderstanding the terms of their policy, failing to disclose pre-existing health conditions, or submitting claims that are not covered by their policy.
LIC fast-tracks settlement of Pahalgam terror attack victims' claims
Mumbai, April 24: LIC of India announced on Thursday that it is committed to supporting the victims of the terrorist attack in Jammu & Kashmir's Pahalgam and will expedite claim settlements to provide financial relief.
LIC's new business premium surges to Rs 2.27 lakh crore in FY25
New Delhi, April 23: Life Insurance Corporation of India (LIC), the country's largest life insurer, registered new business premium to the tune of an impressive Rs 2,26,669.91 crore in for FY25, which includes a record Rs 62,404.58 crore from individual new business, according to data released by the Life Insurance Council on Wednesday.
Wheat crop fire incidents in Punjab causing massive losses: BJP
Chandigarh, April 20: Punjab BJP spokesperson Pritpal Singh Baliawal on Sunday raised serious questions over the Aam Aadmi Party-led Punjab government’s failure to implement the Prime Minister’s Crop Insurance Scheme, which could ensure timely and direct compensation to farmers for crop losses.
Post-production work on Vignesh Shivan's 'Love Insurance Kompany' begins
Chennai, April 19: Director Vignesh Shivan, who is also the husband of actress Nayanthara, announced that post-production work on his eagerly awaited film, 'Love Insurance Kompany', featuring actors Pradeep Ranganathan and Krithi Shetty in the lead, had begun.
ICICI Prudential Life gets Rs 3.67 crore GST demand order
Mumbai, April 18: ICICI Prudential Life Insurance on Friday said that it has received an order from the GST Commissioner (Appeals), Mumbai, upholding a tax demand of around Rs 3.67 crore.
Medical expenses eating away 12.2% of households income, affordability biggest barrier in health insurance: Report
New Delhi, April 17: Medical costs are becoming a major financial burden for Indian households, taking up an average of 12.2 per cent of their monthly incomes, according to a recent survey report by Policybazaar.
'Ayushman cards' to be launched in Delhi for all income groups aged above 70 by April-end
New Delhi, April 17: The Delhi government will launch 'Ayushman Cards' for all income groups aged above 70 years by the end of April 2025.
Delhi CM Rekha Gupta chairs meeting on implementation of Ayushman Bharat scheme
New Delhi, April 16: Delhi Chief Minister Rekha Gupta said that a meeting was held on Wednesday to implement the Ayushman Bharat scheme in Delhi.
Ayushman cards to be launched in Delhi for all income groups aged above 70
New Delhi, April 16: The Delhi government will launch Ayushman Cards for all income groups aged above 70 by the end of April 2025.
Over 1.3 crore persons insured through GeM in FY 2024-25
New Delhi, April 16: Government e-Marketplace (GeM), India's largest e-marketplace for public procurement, has facilitated insurance for more than 1.3 crore individuals covering Health, Life and Personal Accident Insurance policies, the Ministry of Commerce & Industry said on Wednesday.
Over 1.3 crore get insurance cover through GeM in 2024-25
New Delhi, April 16: Government e Marketplace (GeM) has successfully facilitated the insurance of more than 1.3 crore individuals covering health, life and personal accident insurance policies during the financial year 2024-25, according to a statement issued by the Commerce and Industry Ministry on Wednesday.
Another feather in state's development story: Odisha CM Mohan Majhi after launch of 'Ayushman Bharat Pradhan Mantri Jan Arogya Yojana
Cuttack, April 11: Odisha Chief Minister Mohan Charan Majhi on Friday asserted that a new feather was added to Odisha's development story after the launch of 'Ayushman Bharat Pradhan Mantri Jan Arogya Yojana' in the state.
JP Nadda launches Ayushman Bharat scheme in Odisha
Bhubaneswar, April 11: Union Health Minister Jagat Prakash Nadda on Friday formally launched the Ayushman Bharat Pradhan Mantri – Jan Arogya Yojana in Odisha during a special event at the Bali Jatra Ground in Cuttack. The 'Ayushman Vaya Vandana Yojana' was also launched during the event.
GenAI driving over 30 pc productivity gains for India's insurance industry
New Delhi, April 11: Artificial Intelligence (AI), especially Generative AI, is transforming the India's insurance industry this year, with productivity gains of over 30 per cent, a new report said on Friday.
'Revolutionary step related to Delhi's health sector': PM Modi on Ayushman Bharat scheme
New Delhi, April 11: Prime Minister Narendra Modi on Friday called the implementation of the Pradhan Mantri Ayushman Bharat Health Infrastructure Mission (PM-ABHIM) a 'revolutionary step' related to Delhi's health sector.
Ayushman Bharat brings relief to families in Prayagraj, beneficiaries hail govt's healthcare scheme
Prayagraj, April 10: The Ayushman Bharat Pradhan Mantri Jan Aarogya Yojana (AB PM-JAY), the world’s largest health assurance scheme, continues to transform the healthcare landscape of India by providing free and accessible treatment to millions and in UP's Prayagraj, several beneficiaries are expressing gratitude for the life-changing benefits they have received under the scheme.
36 lakh people in Delhi to benefit from Ayushman Bharat scheme: JP Nadda
New Delhi, April 10: With the implementation of Ayushman Bharat Pradhan Mantri Jan Arogya Yojana (AB PM-JAY) in Delhi, 36 lakh people in the national capital will benefit from free healthcare, Union Health Minister J.P. Nadda said on Thursday.
Delhi govt to begin distribution of Ayushman Bharat cards today
New Delhi, April 10: The Delhi government is set to commence the distribution of Ayushman Bharat Pradhan Mantri Jan Aarogya Yojana (PM-JAY) health cards to residents of the national capital starting Thursday, following their registration under the scheme.
'Registration for Ayushman Bharat Scheme starting from today': Delhi Health Minister Pankaj Kumar Singh
New Delhi, April 10: Delhi Health Minister Pankaj Kumar Singh on Wednesday informed about the registration of the Ayushman Bharat Pradhan Mantri Jan Arogya Yojana (AB-PMJAY), which will start from today in the national capital.
Ayushman Bharat scheme to kick off in Delhi tomorrow; 2.60 lakh people to get health cards in 1st phase
New Delhi, April 9: The Ayushman Bharat Pradhan Mantri Jan Aarogya Yojana (PM-JAY) is set to kick off in the national capital on Thursday as the Rekha Gupta-led government will start providing health cards to residents after registering them under the scheme.
FM Sitharaman urges UK insurer Prudential to invest in India
New Delhi, April 8: Minister for Finance and Corporate Affairs Nirmala Sitharaman met UK insurance giant Prudential PLC's chair Shriti Vadera in London on Tuesday and discussed investments in India, the Finance Ministry said.
Finance minister Sitharaman discusses India's growth, opportunities with Prudential in London
New Delhi, April 8: Finance Minister Nirmala Sitharaman met Chair of insurance and asset management company Prudential, Shriti Vadera, in London, during her ongoing visit to the United Kingdom.
Strong growth expected to continue in new health and term segment: Nuvama Report
New Delhi, April 8: The Indian insurance sector is likely to see a strong growth in the new health and term segment, according to a report by Nuvama.
India's healthcare spending expected to surge to 5 pc of GDP by 2030: Report
New Delhi, April 7: Healthcare expenditure in India is expected to surge from 3.3 per cent to 5 per cent of its GDP by 2030, according to a report on Monday.
Ayushman health scheme launched in Delhi, CM Rekha Gupta slams previous govt for delay
New Delhi, April 5: The Delhi government on Saturday signed an MoU for implementing the Ayushman Bharat Scheme for Rs 10-lakh health insurance even as Chief Minister Rekha Gupta slammed the previous city government for blocking the scheme, denying its benefits to lakhs of residents.
India's financial system has become more resilient, diverse: SEBI
New Delhi, April 5: India’s financial system has become more resilient and diverse, driven by rapid economic growth, and regulatory framework in securities markets has been enhanced in line with international practice to manage and prevent emerging risks, the Securities and Exchange Board of India (SEBI) said on Saturday, citing a latest IMF-Financial System Stability Assessment (FSSA) report.
Delhi becomes 35th state to implement Ayushman Bharat Pradhan Mantri Jan Arogya Yojana
New Delhi, April 5: Delhi became the 35th State and Union Territory to implement the Ayushman Bharat Pradhan Mantri Jan Arogya Yojana (AB PM-JAY) after the National Health Authority (NHA) of the Union Ministry of Health and Family Welfare (MoHFW) ) entered into a Memorandum of Understanding (MoU) with the Delhi government on Saturday. The agreement was signed between L.S Changsan, additional Secretary, MoHFW and Chief Executive Officer, National Health Authority (NHA), and Dr S.B. Deepak Kumar, Secretary (Health and Family Welfare), Department of Health and Family Welfare, Government of NCT Delhi, today.
Ayushman Bharat scheme to be launched in Delhi today
New Delhi, April 5: The much-anticipated Ayushman Bharat Pradhan Mantri Jan Arogya Yojana (AB-PMJAY) is set to be officially launched in Delhi on Saturday, marking a significant step towards expanding healthcare access for the city's most vulnerable populations.
No special treatment from govt or any regulatory authority: LIC on USTR remark
New Delhi, April 4: The Life Insurance Corporation of India (LIC) on Friday said it receives no special treatment from the government or any regulatory authority, after a United States Trade Representative (USTR) report claimed that LIC is being given favourable treatment by the Centre.
Protection gaps expected to worsen insurance business till 2030, finds Bain & Co
New Delhi, April 3: Protection gaps are expected to worsen across all lines of the insurance business till 2030 as insurers worldwide contend with unsustainable rate-driven growth, according to new research released today by Bain & Company.
LIC's potential stake in ManipalCigna to boost health insurance market: JP Morgan
New Delhi, April 1: The Life Insurance Corporation of India’s (LIC) potential acquisition of a 40-49 per cent stake in ManipalCigna Health Insurance could reshape the health insurance market, a JP Morgan report said on Tuesday.
LIC offices to remain open over weekend and Eid to assist policyholders
New Delhi, March 28: Life Insurance Corporation of India (LIC) on Friday announced that its offices across various zones and divisions will remain open on March 29, 30, and 31.
Cost Advantage & technology adoption will lead India's Medical Tourism to USD 13.42 Billion by 2026: Report
New Delhi, March 28: India's medical tourism industry is set to witness strong growth, with its market size projected to reach USD 13.42 billion by 2026, according to a report by Grant Thornton.