Chouhan attributed the bulk of payment delays to issues such as delayed release of premium amounts by state governments and disputes between insurers and state authorities
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During Q1 FY25, SGIC recorded a net profit of Rs 114 crore, up 17 per cent from Rs 98 crore in the same period last year
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Out of the total accounts opened under the Pradhan Mantri Jan Dhan Yojana, 29.37 crore accounts, equivalent to 55.6 per cent of total accounts, belong to women
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Through HSBC India’s branch and digital network, the partnership seeks to offer a wide range of insurance solutions to meet diverse consumer needs
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The repo rate, which has been maintained at 6.5 per cent since it was last increased in February 2023, is widely expected by experts to remain unchanged for the ninth consecutive bi-monthly policy review
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Insurance companies are also required to activate and advertise 24/7 helplines to assist claimants and raise awareness about the measures being taken
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The report highlights the limitations of using the natural rate as a benchmark, particularly in times of economic uncertainty
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This directive comes in the wake of the government's recent capital infusion of Rs 7,250 crore into three public sector general insurance companies
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