LIBERTY GENERAL INSURANCE
Up to Rs 10 lakh relief in train accident: How a 45 paisa IRCTC travel insurance can be a huge help for your family in case of death or disability
IRCTC travel insurance: Do you know that IRCTC offers an optional travel insurance policy at just 45 paisa premium per passenger. This policy offers coverage up to Rs 10 lakh in cases of death and permanent disability. God forbid if you perish in a train accident, atleast your family will get the required financial assistance.
Latest health and general insurance claim settlement ratio released in 2024
Do you know how good is your insurer is in settling claims and how long it takes for your health or general insurer to settle claims? Or how many claims did they reject last year? It is important to keep track of the claim settlement performance of your insurer. IRDAI has recently released the claim payment details of general and health insurance companies. Check here
Widows of accident victim & vehicle owner get relief from Supreme Court, motor insurer to pay Rs 13.7 lakh
Motor insurance claim: IFFCO Tokio General Insurance Co. Ltd was ordered by Honourable Supreme Court to pay Rs 13.7 lakh plus interest to widow of an accident victim. The accident occured on May 9, 2010 when a vehicle driven by a driver who had a fake driving license hit the victim's bike.
How good is your health insurer? Latest incurred claim ratio of general, health insurance companies in India
If you are planning to buy a new insurance policy or port your existing health insurance policy to a new insurer, do remember to check the latest claim settlement ratio of all insurers before finalising one. Irdai has released the claims payment details of general and health insurance companies for the financial year 2022-23.
Liberty General Insurance appoints Parag Ved as CEO
Ved takes on the role following the retirement of Roopam Asthana, who was instrumental in establishing Liberty's business operations here. Liberty General India began operations in 2013 and has an employee strength of over 1,100.
Obligation of IRDAI to ensure persons with disability not unduly prejudiced: HC
The petitioner, an investment professional confined to a wheelchair due to Tetraplegia and paralysis below his chest, had approached the court in 2019 after two insurance companies refused to issue any health insurance policy to him. In its order, the court noted that the petitioner has now availed a health insurance policy.
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IRDAI appoints Liberty General Insurance as lead insurer for Delhi
Liberty General Insurance on Thursday was appointed as the lead insurer for Delhi by the Insurance Regulatory and Development Authority of India (IRDAI). The appointment comes as a part of IRDAI’s State Insurance Plan, which aims to enhance financial awareness and drive insurance inclusion in collaboration with other insurers.
Why have IRDAI launched combi plans? Naval Goel answers
As you know, insurance is already very complex. If you go and buy a term plan, there are a lot of variants. If you go and buy ULIPs also, there are lots of options and similarly choosing a health plan is also a tedious task. You need to take care of a lot of things.
Odisha train tragedy: Only small number of passengers opted for insurance cover
The IRCTC has selected SBI General Insurance and Liberty General Insurance to offer the travel accident insurance cover. Those who reserveed tickets through IRCTC booking portal can opt for accident insurance for Rs 10 lakhs by paying a paltry premium of Re 0.35 paise.
Irdai instructs insurers to ease, expedite claims settlement for victims of Odisha train accident
Insurance companies must abide by rules set forth by the Insurance Regulatory and Development Authority of India (Irdai) when resolving insurance claims for those hurt in the recent train disaster tragedy in Balasore, Odisha.
Does your insurance company have money to pay claims easily? Find out here
Solvency ratio of insurance companies: We buy insurance policies to financially secure the future of our loved ones in the time of unexpected and untimely events such as loss of life, loss of property, etc. Therefore, as a policyholder, it is important for you to know about the company’s overall financial health and capability to pay the claims. The solvency ratio is one of the key determinants that suggests whether an insurer can stay solvent in the long run or not. Let’s understand what it is and how it works.
Latest health and general insurance claim settlement ratios of companies in India
If you are planning to buy a new insurance policy or port your existing health insurance policy to a new insurer, do remember to check the latest claim settlement ratio of all insurers before finalising one. Irdai has released the claims payment details of general and health insurance companies for the financial year 2021-22.
Do you need a super top-up health insurance policy?
As top-up plans get phased out, here are the things to consider before you buy a super top-up cover.
IRCTC pauses insurers' services
The vulnerability was discovered by researchers Avinash Jain and Aseem Shrey. According to Jain, the vulnerability called IDOR (insecure direct object reference) allowed anyone to extract passenger information for insurance payout.
IRCTC pulls up Bajaj Allianz and Liberty General Insurance for data privacy issues
IRCTC said the security lapses were not at its end. It has further put the integration with these insurance companies on hold after the incident came to notice, an IRCTC spokesperson said in an emailed statement.
Budget 2022: Insurers urge higher 80C investment limit; reduction in GST on health products
"We expect the budget to consider creating a separate section for tax deduction on premium paid towards life insurance. This would enable a more logical segregation of customer's funds into long-term and short-term kitties," Edelweiss Tokio Life Insurance Executive Director Subhrajit Mukhopadhyay said.
Deadline for paperless health insurance policy processing and issuance extended by IRDAI
Many people were finding it difficult to buy new health insurance policy during the pandemic due to lockdown restrictions. The insurance regulator had allowed health and general insurance companies to get the policyholders’ consent through electronic or digital mode on September 10, 2020.
Warren Buffett's Berkshire pares drug holdings, sheds Axalta, Biogen
In the second quarter, Berkshire said it exited a $180 million stake in Biogen Inc and reduced investments in Abbvie Inc, Bristol-Myers Squibb Co and Merck.
Irdai imposes Rs 51 lakh penalty on 4 insurers
A penalty of Rs 25 lakh has been imposed on SBI General Insurance Company for not fulfilling regulatory obligations under the Motor Third Party (MTP) business. Penalty of Rs 13 lakh imposed on Liberty General Insurance Limited, Rs 10 lakh penalty on Bajaj Allianz General Insurance Company, and Rs 3 lakh on Royal Sundaram General Insurance Company.
Rush for health cover helps general insurers recover in Q1
Standalone health insurers’ underwritten premium was at Rs.3200 crore for the quarter.
Irdai expresses concern over high hospital tariffs, plans to standardise charges
"Hospitals keep on changing tariffs on a regular basis. There is no body to check that. The regulator does not allow insurance companies to raise premium every year though there is around 10-15 per cent inflation of hospital charges at present," Irdai member (non-life) T L Alamelu said.
Driving force: A knowledge-sharing soiree, power-packed ceremony at Droom Pre-Owned Automotive Awards 2019
The event, which was held at ITC Maurya on December 20, registered a footfall of 500+ delegates.
Big investors approached for SBI General Insurance deal
Private equity funds have also taken large bets on insurance.
We want to be among top 10 here in 3 years: David H Long, CEO, Liberty Mutual
Enam, from a historical perspective, can help with partnerships to grow and Jindals are low key players. I don’t anticipate either of the partners to be super active.
Videocon may exit insurance JV with US’ Liberty Mutual
Videocon group, which has a debt pile of over Rs 40,000 crore, as per a report by a rating company, is working out the difference in valuation.
SBI hires PwC for valuation, IAG ropes in Deloitte for JV
Keen to divest further stake in its foreign partner Insurance Australia Group, the State Bank has hired consultancy PwC to carry out the valuation process for its general insurance joint venture.
Liberty Videocon General Insurance eyes Rs 250 crore gross written premium this fiscal
Liberty Videocon General Insurance aims to achieve gross written premium of Rs 250 crore in the current financial year, a top company official said.
Liberty Videocon Gen launches Group Personal Accident product
Liberty Videocon today launched a group personal accident product aimed mainly at group, corporates, associations and institutions.
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