The Ayushman Vay Vandana initiative, which aims to provide free healthcare to senior citizens aged 70 and above, has enrolled 25 lakh beneficiaries as of December 2024. This represents inclusion of 4 percent of eligible 6 crore senior citizens over 70 years since launch of the program in October.

The recent devastating fires in Los Angeles have underscored the importance of having the right fire insurance for homeowners. As communities rebuild and recover, it’s a reminder that preparation is key when protecting one’s property

As China continues to lead the way globally in producing and selling new energy vehicles (NEV), the trend has spurred a sixfold increase in related insurance premiums for this segment in just the past five years alone, according to a new AM Best report. NEV premiums now represent 11.5% of China’s total motor insurance business, momentum that AM Best expects to continue as a key element of future market growth. However, the higher claims frequency and repairs costs associated with NEVs are posing a challenge for small and medium-sized insurers when it comes to profitability.

All insurance companies in Malaysia must implement measures for premium sharing with policyholders starting from 15 January 2025. Country’s deputy finance minister Lim Hui Ying has said that individuals who received premium increase notices last year can contact their insurers