Private Insurers

Indian digital payments firm PhonePe said on Friday it has raised $200 million from majority backer Walmart at a pre-money valuation of $12 billion.

Silicon Valley Bank collapse: SVB's stunning collapse has led to the freezing of tens of billions of dollars stored there by startups and their private equity backers, raising fears of a wider tech sector fallout.

LIC: A private sector appointee to lead India's largest insurer, which manages 41 trillion rupees ($500.69 billion) in assets, would be a first in its 66-year history.

Hackers have demanded $10 million (roughly Rs. 82 crore) for health records stolen from major Australian healthcare firm Medibank. The hackers who breached Medibank uploaded more personal details of customers on a dark web forum on Thursday, and the health insurer has confirmed that access to 9.7 million current and former clients was accessed duri...

Hackers have threatened to leak stolen health data of 1,000 famous Australians, after a data breach at Medibank, one of the largest private health insurers in the country. They have claimed to have stolen 200GB of data, providing a sample of records for 100 policies, the insurer said. The hackers have threatened that they will leak or sell the data...

The country's largest private sector lender HDFC Bank on Thursday said it will pick up 9.94 per cent stake in Go Digit Life Insurance Ltd.

PB Fintech, the parent company of Policybazaar Insurance Brokers Private Ltd, on Sunday said that the IT system of the firm was hacked on July 19 and subsequent corrective action was taken.

India's largest private lender HDFC Bank's $40 billion acquisition of its biggest shareholder could face regulatory hurdles due to the stake it would give the bank in the insurance sector, analysts said.

Road transport ministry has proposed a hike in the third-party motor insurance premium for various categories of vehicles

IRDAI has proposed changes in guidelines on remuneration of non-executive directors, MDs, CEOs and whole-time directors of private insurance entities

The country's largest insurer - LIC receivedapproval from the Reserve Bank of India to raise its holding in private lender IndusInd Bank to 9.99 per cent from the existing 4.95 per cent.

India's largest private health insurer Star Health has cut the size of its initial public offering (IPO) to Rs 6,400 crore ($848.02 million) from Rs 7,249 crore earlier after a subdued response to the IPO last week, its prospectus showed.

Star Health IPO was subscribed at just 79 per cent, getting bids worth $427.37 million, despite it extending the subscription period for its offering.

The digital financial service platform is also providing claim support and post-purchase service and all products are available on Paytm App and its insurance website.

The Gauhati High Court has directed the Assam government to submit a report regarding a Public Interest Litigation (PIL) alleging that COVID-19 patients are being denied admission to private hospitals in the state despite having medical insurance.

Indian digital payments firm PhonePe said on Friday it has raised $200 million from majority backer Walmart at a pre-money valuation of $12 billion.

Silicon Valley Bank collapse: SVB's stunning collapse has led to the freezing of tens of billions of dollars stored there by startups and their private equity backers, raising fears of a wider tech sector fallout.

LIC: A private sector appointee to lead India's largest insurer, which manages 41 trillion rupees ($500.69 billion) in assets, would be a first in its 66-year history.

Hackers have demanded $10 million (roughly Rs. 82 crore) for health records stolen from major Australian healthcare firm Medibank. The hackers who breached Medibank uploaded more personal details of customers on a dark web forum on Thursday, and the health insurer has confirmed that access to 9.7 million current and former clients was accessed duri...

Hackers have threatened to leak stolen health data of 1,000 famous Australians, after a data breach at Medibank, one of the largest private health insurers in the country. They have claimed to have stolen 200GB of data, providing a sample of records for 100 policies, the insurer said. The hackers have threatened that they will leak or sell the data...

The country's largest private sector lender HDFC Bank on Thursday said it will pick up 9.94 per cent stake in Go Digit Life Insurance Ltd.

PB Fintech, the parent company of Policybazaar Insurance Brokers Private Ltd, on Sunday said that the IT system of the firm was hacked on July 19 and subsequent corrective action was taken.

India's largest private lender HDFC Bank's $40 billion acquisition of its biggest shareholder could face regulatory hurdles due to the stake it would give the bank in the insurance sector, analysts said.

Road transport ministry has proposed a hike in the third-party motor insurance premium for various categories of vehicles

IRDAI has proposed changes in guidelines on remuneration of non-executive directors, MDs, CEOs and whole-time directors of private insurance entities

The country's largest insurer - LIC receivedapproval from the Reserve Bank of India to raise its holding in private lender IndusInd Bank to 9.99 per cent from the existing 4.95 per cent.

India's largest private health insurer Star Health has cut the size of its initial public offering (IPO) to Rs 6,400 crore ($848.02 million) from Rs 7,249 crore earlier after a subdued response to the IPO last week, its prospectus showed.

Star Health IPO was subscribed at just 79 per cent, getting bids worth $427.37 million, despite it extending the subscription period for its offering.

The digital financial service platform is also providing claim support and post-purchase service and all products are available on Paytm App and its insurance website.

The Gauhati High Court has directed the Assam government to submit a report regarding a Public Interest Litigation (PIL) alleging that COVID-19 patients are being denied admission to private hospitals in the state despite having medical insurance.