Within the next three to four months, all the 2.5 lakh CNG vehicle drivers in the Capital will be covered by insurance policies with provisions for relief in case of accident, partial disability an

Floods in central Europe last month may cost insurance companies $3.5-4.5 billion, only half of one previous estimate but more than was paid out for the last major washout in 2002, the world's seco

Mumbai: The insurance regulator has cleared a hike in health insurance rates for policies issued by New India Assurance, the country’s largest non-life insurer. The new rates are on an average 20% higher than the old ones which were in force from 2007 and will come into effect from next month.

The rate hike could trigger similar revisions among other state-owned non-life insurers since New India, being the largest, sets the benchmark for rates. TOI had reported in its January 26 edition that public sector insurers are set to revise health insurance rates by 20-25%.

Natural and man-made disasters around the world this year, including Superstorm Sandy, will cost at least $140 billion (106 billion euros), according to a study published by Swiss insurance group S

Monday's mammoth storm that caused severe flooding, damage and fatalities to the eastern U.S.

Insurers may be burning their fingers in urban health portfolios for some time now, but the government’s rural healthcare initiatives, including its decision to provide free generic drugs to public hospitals, are set to offer fresh avenues of growth for them.

The recent government decision to provide free generic drugs to government hospitals at an expense of $5.4 billion (Rs 29, 820 crore) could be a game-changer for the health insurance business in India. While insurers suffer a high claim ratio in urban centres, in excess of 100 per cent, the cost of health insurance in rural centres is expected to come down with the new regulation.

Not possible to honour smart cards under present circumstances: Hospitals

The Delhi Medical Association has expressed concern over what it called the “total failure” of the Rashtriya Swasthya Bima Yojana (RSBY) initiated through the Delhi Government to provide free health care to persons belonging to the below poverty line by providing them an insurance of Rs. 30,000 which they could utilise in any hospital in the eventuality of ailment. “The scheme was launched with lot of fanfare and many people were enrolled into the scheme and provided a smart card.

Developing countries should take simple steps to deal with extreme climate events, but the world should not lose sight of cutting carbon emissions to protect life on Earth.

Natural disasters, such as Japan's earthquake and floods in Australia and Thailand, cost the global economy a record $370 billion in 2011, with losses for the insurance industry the second largest