More importantly, the approval rate comes along with delivering a top-notch experience, with 86 per cent reporting satisfaction with their claims experience.
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Naveen Chandra Jha has been associated with State Bank of India since 1994 and has held several key positions during his tenure.
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Partnership to offer Mahindra Finance customers a host of Kotak Life insurance products and to benefit 10 million Mahindra Finance customers pan India
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The regulator in a release called Reforms in General Insurance Business, said these measures will be helpful to simplify the insurance sector, effectively enhancing the customer-centric insurance solutions.
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New policy issuance grows 12.45 per cent for the same period
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Experts say that the election verdict has raised doubts about the tough reforms and policy-making strengths of the new government
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To ensure health insurance remains affordable for seniors while providing comprehensive coverage, insurers have introduced more modular plans, allowing customers to decide the premium they want to pay
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Irdai has issued a Master Circular for health insurance, detailing several key mandates aimed at improving the efficiency and transparency of health insurance services.
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Industry gross direct premium income (GDPI) is likely to grow by 15.5 per cent in FY2025, supported by continued strong growth in the health segment
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Surety Insurance Bonds have emerged as an alternative to traditional bank guarantees for contractors
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