Welcome to our latest newsletter, packed with informative articles and industry insights. In this edition, there are articles about the revision of the customer information sheet (CIS), Health Insurance, Cyber Security, and much more. Hope you enjoy going through this insightful edition.
Wishing you all a Merry Christmas and a Happy and Prosperous New Year!
Tapan Singhel MD & CEO
Bajaj Allianz General Insurance Company Ltd.
Chairman, GI Council
Welcome to the 9th Edition of our online newsletter. The Council will soon be handling cashless treatment of motor accident claims. Kindly visit our website regularly to get updates on the numerous initiatives implemented by GI Council.
I wish you all a joyous Christmas & a very Happy & Prosperous New Year.Inderjeet Singh
Secretary General
General Insurance Council
C.R. Vijayan
Vasudha Rao
Pratibha Sarathy
Sharad Taware
Prerna Ramnani
Elected Members
Tapan Singhel (Chairman)
Mr. Ramaswamy Narayanan
Mr Mayank Bathwal
Ms. Neerja Kapur
IRDAI Nominated Members
Prof. Bejon Kumar Misra
Dr Nayan Shah
Mr Milind Bhatawadekar
Mrs Asha Nair
Mr K.C. Lokessh
Regular Invitees
Mr Anup Rau Velamuri
Mr Krishnan Ramachandran
Mr Hitesh Kotak
Mrs Sucheta Gupta
Mr Sanjeev Srinivasan
Premium ‘Score Board’ November 2023
The Stand-Alone Health Insurance Companies (SAHI) are driving the health segment towards better growth. The growth percentage has dipped for liability insurance as compared to the figure for the previous year. The total premium figure of the non-life industry up to November, 2023 is Rs. 1,88,521.40 crores compared to previous year’s total up to the month of Rs 1,65,373.17 crores. The premium accretion at the end of November 2023 is 14% driven by health & motor segments
Insurance is a contract in which the insurer indemnifies the insured against losses caused by specific contingencies or perils; in other words, it is financial protection. As people will likely encounter danger or unpleasant possibilities, exploring noble risk mitigation tools such as insurance is necessary. Mr. K V Dipu - Senior President & Head - Operations & Customer Service Bajaj Allianz General Insurance Co. Ltd.