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The IRDA guidelines called Standard Domestic Travel Insurance Product (SDTIP) have introduced five variants of the travel insurance products. They will have the basic mandatory covers which will be uniform across the market. ....
India News: MUMBAI: Non-life insurer ICICI Lombard General Insurance on Saturday reported a net profit of Rs 346 crore for the quarter ended March 2021 – an incre. ....
ICICI Lombard Q4 Results: Net Profit Rises 23% To Rs 346 Crore ICICI Lombard Q4 Results: The gross direct premium income (GDPI) stood at Rs 3,478 crore as against Rs 3,181 crore in the same period, marking a growth of 9.4 per cent. Updated: April 17, 2021 6:24 pm IST ICICI Lombard Q4 Results: The company paid an interim dividend of Rs 4 per share during the year ICICI Lombard General Insurance on Saturday posted 23 per cent year-on-year jump in its March quarter (Q4 FY21) net profit at Rs 346 crore as compared to Rs 282 crore in Q4 FY20. The gross direct premium income (GDPI) stood at Rs 3,478 crore as against Rs 3,181 crore in the same period, marking a growth of 9.4 per cent. Capital gains were at Rs 66 crore in Q4 FY2021 as compared to Rs 95 crore in Q4 FY20. The return on average equity was 18.8 per cent against 18.8 per cent. ....
Second wave pushes Covid health claims up 27% at 10 lakh Top Searches Second wave pushes Covid health claims up 27% at 10 lakh Mamtha Asokan / TNN / Updated: Apr 3, 2021, 09:15 IST FacebookTwitterLinkedinEMail CHENNAI: Health insurance claims related to Covid have jumped to 9.9 lakh worth Rs 14,500 crore, up 27% from 7.8 lakh claims worth Rs 11,850 crore as on January 31, according to sources in the General Insurance Council. The surge follows the second wave of infections that hit the country in February 2021. ICICI Lombard General Insurance’s head of claims Sanjay Datta said that March 2021 has recorded last year’s peak figures driven by claims filed from Maharashtra. Bajaj Allianz General Insurance’s head of health claims Bhaskar Nerurkar said, “Claims applied for Covid treatment have gone up by 50% at 150 claims per day in March, as compared to the lowest recorded in January at 100 claims per day.” ....