Purchasing a new car or a two-wheeler will get cheaper as the obligatory long-term insurance package plans will be withdrawn from August 1.

They said the on-site review to be conducted by experts of the global body was scheduled to begin in September-October but the FATF secretariat in Paris has conveyed to India that the review is being tentatively pushed to January-February next year

Moody's expects Hero FinCorp's asset quality and profitability to weaken in wake of rise in loan delinquencies and defaults due to the economic disruptions caused by the coronavirus outbreak

Axis Bank had bought 29% stake in Max Life for an estimated Rs 1,600 crore deal in April; acquisition gives it a foothold in fast growing life insurance business in country

IRDAI, in a circular, said, 'This standard group policy is expected to be useful to various private and public establishments for covering the COVID-19 related medical needs of their employees'

Officials from different insurance companies highlighted there has been a considerable increase in awareness of health insurance since the COVID-19 pandemic, which is reflecting in sales of health insurancepolicies

Accidental deaths during adventure sports like skydiving, paragliding, bungee jumping, among others are not covered by insurance policies. Death caused due to a natural disaster or act of God like an earthquake or floods, are also typically not covered

Centre says there is no community spread of coronavirus in India and that early detection of COVID-19 cases through widespread testing, surveillance and clinical management has resulted in India having one of the lowest fatality rates at 2.66%

Union Health Minister Harsh Vardhan says early detection of COVID-19 cases through widespread testing, surveillance and clinical management has resulted in India having one of lowest fatality rates at 2.66 per cent

Coronavirus treatment: IRDAI has also asked insurance companies to maintain a communication channel with hospitals for prompt resolution of grievances of policyholders

Of the 147 intimations received till date, claim documents have been submitted for 87, out of which 15 have been paid, 4 approved for payment while 13 are under examination

Several insurers have announced the launch of the Corona Kavach' policies for three -and-a-half months; six-and-a-half months; and nine-and-a-half months with sum insured ranging from Rs 50,000 to Rs 5 lakh (in multiples of Rs 50,000)

Last year IRDA had come out with guidelines to standardise health insurance policies, which among others, mandated that all insurers have to include treatment of mental illness or psychological disorders in their health insurance policies

Insurance Regulatory and Development Authority of India (IRDAI) has given PNB permission to continue to hold both the companies, Rao said, adding that the lender will continue to hold stake in both PNB MetLife and Canara HSBC OBC Life Insurances

Considering a rapid rise in coronavirus cases in India, the IRDA has mandated insurers to offer individual COVID-19 health policies to people; all insurers must provide one basic mandatory cover, says the insurance regulator

The Exide Life MD and CEO expects that renewals will do well this year because customers would not like to loose the cover of their existing policy

Rising cost of disposables and consumables has made coronavirus treatment in private hospitals really exorbitant. The COVID-19 plans are expected to provide that much-needed support

Decision has been taken to make insurance protection available to various sections of people in wake of COVID-19 pandemic; insurers are advised to devise inclusive short-term health insurance products

The policies will, however, be subject to all limits, sub-limits, co-payments, deductibles as per the policy contract

The guidelines by IRDAI to include telemedicine in the health policies would come as a relief to health insurance policyholders who would want to consult medical professionals online or through calls in order to avoid stepping outside