Top insurance news of the day- July 13, 2015

The government is working on a new agriculture insurance scheme that will cover all the inputs put by a farmer into his farm as also the loans taken by him, Finance Minister Arun Jaitley said today.

Jul 13, 2015 06:07 IST India Infoline News Service

The government is working on a new agriculture insurance scheme that will cover all the inputs put by a farmer into his farm as also the loans taken by him, Finance Minister Arun Jaitley said today. (tribuneindia)

Syndicate Bank, Regional Office (Rural), Hyderabad has insured over one lakh of its customers in the Pradhana Mantri Suraksha Bhima Yojana and Jeevana Jyothi Bhima Yojana. The bank has also honoured its first claim in the former scheme after the demise of a policyholder in a road accident through United India Insurance Company. (Thehindubusinessline.com)

Stating that lack of awareness among farmers about the crop insurance scheme is one among the major reasons for suicides, the Kissan Cell of the Karnataka Pradesh Congress Committee has decided to spread awareness on the insurance scheme among the farming community. The cell will start visiting the families of farmers, who committed suicide in the last two months, on Monday. On the first day, KPCC president G. Parameshwar and others will visit farmers’ families in Mandya. (thehindu.com)

Qatar Insurance, the Gulf Arab state's largest listed insurer, on Monday reported a 12.1 percent decrease in second-quarter net profit, according to Reuters calculations. The insurer made a net profit of 280.4 million riyals ($77.0 million) during the three-month period to June 30, Reuters calculations showed, using its financial statements. The company itself did not give a quarterly earnings breakdown. (Reuters)

Comprehensive car insurance premiums in Britain rose in the second quarter, with motorists paying 21 pounds ($33) more than a year earlier, a study on showed on Monday. After three years of falling prices, premiums have risen by an average 3.6 percent over the last 12 months, data from price comparison website Confused.com and consultants Towers Watson showed. (Reuters)

The bill for the winter’s ice dams, cracked roofs, and water-logged walls is coming due as insurers raise premiums on homeowner policies by some of the largest amounts in years, to recoup what they paid out in repairs. The state’s biggest insurance companies have received approval from the Massachusetts Division of Insurance to increase their overall rates by about 9 percent, a departure from modest increases that homeowners have experienced in the past. More companies will likely boost their rates, too, industry specialists said. (bostonglobe.com)

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