Insurance Industry

Order of the National Green Tribunal regarding an illegal cracker unit in Thanjavur district, Tamil Nadu, 29/05/2025

Order of the National Green Tribunal in the matter of News Item titled "2 killed in blast at illegal cracker unit in Thanjavur appearing in The Hindu dated 19.05.2025". The application is registered suo-motu on the basis of the news item titled 2 killed in blast at illegal cracker unit …

President lauds Arunachal’s health insurance scheme

Itanagar: President Pranab Mukherjee has lauded the Chief Minister’s Universal Health Insurance Scheme launched in Arunachal Pradesh and termed it as one of the most benevolent ever launched. Mukherjee, who was apprised of the scheme by Chief Minister Nabam Tuki during a courtsey call at Rashtrapati Bhavan on Wednesday, said …

Less than 20% of population under health insurance cover, says report

Despite liberalization of the insurance sector, only around 21.6 crore people ­ less than one-fifth of India's population ­are covered under health insurance. Even among those who have some form of coverage, 67% are covered by public insurance companies, according to National Health Profile 2015, compiled by Central Bureau of …

Rajasthan govt signs MoU for health insurance scheme

Chief Minister Vasundhara Raje said the scheme would allow patients from lower income categories to avail quality healthcare from private hospitals, which were otherwise out of their reach. The Rajasthan government on Thursday took a major step towards the implementation of the ambitious Bhamashah Health Insurance Scheme, touted to benefit …

Financing healthcare for all in India: towards a common goal

This paper explores available evidence, contextualises and maps the debate in India around financing healthcare for all. While the focus is on healthcare in response to current policy debates, Oxfam India recognises the crucial importance of adopting a holistic approach to health, addressing factors such as nutrition and sanitation, and …

France's biggest insurer Axa axes coal investments

France's largest insurer will scrap holdings in coal companies because of concerns about climate change, broadening support for the fossil-fuel divestment movement to a major mainstream investor. Axa SA Chief Executive Officer Henri de Castries said he's working to sell 500 million euros ($702 million) of coal assets and triple …

Crop insurance scheme for more districts soon

In a major relief to farmers, the crop insurance scheme for ginger, pea and tomato will be extended to more districts now. Crop insurance for ginger, which was restricted only to Sirmaur district, would be extended to Solan, Shimla and Bilsapur districts, while insurance on pea crop would be extended …

Countries, top insurers team up for climate change resilience

GERMAN Federal Minister for Economic Cooperation and Development, Gerd Müller, unveiled today the new G7 Initiative on Climate Risk Insurance, during a high-level forum attended by, as well as decision-makers from the G7 and developing countries, the insurance industry, academia and civil society. The Initiative was presented during the G7 …

Rain-hit farmers to get 50% more compensation: PM

Centre eases crop damage criteria for relief from 50% to 33% With the damage to crops due to unseasonal rains snowballing into a political hot potato, Prime Minister Narendra Modi on Wednesday announced higher compensation for farmers. The Prime Minister also asked banks to restructure agriculture loans and insurance companies …

Competition drives climate action, not science: PwC

Competition and regulation push companies to take action to protect themselves from the effects of climate change, not climate science, Jon Williams, partner at global consultancy firm PwC told the Reuters Global Climate Change Summit. Williams, who leads the finance sector team at PwC's sustainability and climate change practice, advises …

Farmers of various associations urge government to withdraw new crop insurance

‘Construct check dam at Harichandra River as announced by the CM’ Farmers of various associations expressed their displeasure over the new crop insurance scheme and urged the government to withdraw it at the grievances meet held here on Wednesday . Under the new scheme, a farmer has to pay a …

Drop in disaster payouts strengthens case for reinsurance price cut

Payouts by insurers for disaster claims in the first six months of the year were below the average for the past 10 years, a study showed on Wednesday, which is likely to bolster insurers' calls for cheaper reinsurance. The global insurance industry covered $21 billion in losses from natural catastrophes …

NGT seeks reply on interim relief to hail-hit farmers

Despite more than four months, no compensation for crops damaged by hailstorm has been paid by the government to affected farmers. Now the green panel has sought reply from the Union agriculture secretary whether there is any provision of interim relief or other compensation from the department. The central zone …

Weather-based crop insurance scheme comes into effect in Chhattisgarh

Based on the observation in 10 km area, the companies had been fixing the insurance cover that had resulted in making the real beneficiaries ineligible Chhattisgarh government had decided to introduce the weather based crop insurance scheme across the state.The department of agriculture had issued to this effect to cover …

Solar panels light up Rudraprayag villages

Ten disaster-affected villages of Rudraprayag district are not dependent on the erratic power supplies of the State electricity department now, the streets of these villages are being lighted up by solar panel systems. These panels were installed in these villages by the HDFC ERGO General Insurance Company as part of …

Tribunal raps state over delay in relief to hail-hit farmers

National Green Tribunal (NGT), central zone bench, Bhopal on Tuesday rapped Madhya Pradesh government and crop insurance company over the delay in releasing compensation to farmers affected by hailstorm in the state. NGT bench comprising Justice Dalip Singh and expert member PS Rao slammed Agriculture Insurance Company of India Limited …

National Green Tribunal: Tweak scheme for hail-hit relief

Hailstorm in the state caused crop damage of Rs 3,000 crore, according to estimates of Agricultural Insurance Company (AIC), a government agency. However, claims are under consideration and no provisional compensation has been provided to farmers. Taking cognizance of the same, National Green Tribunal (NGT) has asked AIC to modify …

No policy yet to curb e-rickshaw menace

The delay in formulation of policy to regulate e-rickshaws in Delhi has put commuters, particularly pedestrians, at risk. These battery-operated tri-cycles are not only adding to chaos on roads but also expose passengers to a risk as they cannot claim insurance in case of an accident since these vehicles are …

Insurers must adapt to climate change

There is no doubt the climate is changing. Each of the past three decades has been warmer than the previous one, and the vast majority of scientific evidence points to this being caused by mankind's reliance on carbon-based fossil fuels. While understanding weather patterns and the risks associated with major …

Make Energy Insurance Pool operational, Petroleum Ministry told

To cut down the outflow of dollar and increase the rupee trade for purchase of more crude oil from Iran, the Finance Ministry has asked the Petroleum Ministry to take immediate steps to make the Energy Insurance Pool operational. In a letter to Petroleum Secretary Vivek Rae, the Secretary of …

Janashakthi, Lanka Jalani in Ma-oya safe water project

In a bid to safeguard Sri Lanka's fresh water sources, Janashakthi Insurance has stepped forward to fund the Ma Oya river catchment conservation project and have chosen Lanka Jalani- The Sri Lanka Water Partnership (SLWP) as a programme advisers to administer a first of its kind water quality assessment project …

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