Patanjali and DS Group Acquire Magma General Insurance: The general insurance industry in India is witnessing a significant transformation with the latest acquisition of Magma General Insurance by Baba Ramdev-led Patanjali Ayurved and Dharampal Satyapal Group (DS Group). This strategic move marks Patanjali’s entry into the financial services sector, expanding beyond its traditional stronghold in…
Insurance Litigation Week in Review: The world of insurance litigation saw significant developments this week, particularly in cases involving American International Group (AIG) and its policyholders. In a notable ruling, a court determined that an AIG unit is not obligated to defend a firearms retailer accused of contributing to gun violence through the sale of…
HDFC Life Insurance Company Stock Analysis: HDFC Life Insurance Company has emerged as a strong contender for investors looking for a profitable stock to buy today. Currently trading at ₹693.10, analysts predict that its share price can potentially rise to ₹740-760 in the near term. The stock has exhibited a consistent uptrend, forming a rounding…
How to Avoid Insurance Claim Rejections: Insurance claims are designed to provide financial protection when unexpected challenges arise. Whether it’s a medical emergency, vehicle damage, or property loss, policyholders rely on insurance companies to cover their expenses. However, many claims get rejected due to various reasons, leaving individuals in a stressful financial situation. The frustration…
Insurers Struggle : The Insurance Regulatory and Development Authority of India (IRDAI) has imposed strict obligations on general insurance companies to expand their coverage in the motor third-party (TP) insurance segment. Insurers with a 5 to 10 percent share in the Motor TP market are required to increase their insured vehicles by 7.5 percent compared…
