Go Digit IPO subscribed 9.6 times
Chennai: The ₹2,615-crore IPO of Go Digit General Insurance was subscribed fully on the last day of issue closing on Friday. The issue was subscribed 9.60 times. The IPO came out with a price band of ₹258-272.

Online insurance nightmare: 61% trapped in policies they can't cancel
Key Findings

Go Digit Insurance IPO subscribed 79% on Day 2, retail portion booked 254%. Check GMP, other details

How can global health insurance improve your travel experience?
In today’s interconnected world, medical tourism has evolved into a global phenomenon, experiencing a significant surge as individuals seek the best healthcare treatments worldwide for themselves and their loved ones. This article sheds light on the thriving landscape of global medical tourism, emphasising the crucial role that global health insurance plays in ensuring a seamless and stress-free healthcare journey.

Go Digit retail portion subscribed 1.4 times

Go Digit IPO: Fidelity, Goldman Sachs, ADIA and others invest Rs 1,176 crore in anchor round

Go Digit on the fast track to growth is a long-term investor’s bet, for now
Go Digit General Insurance, which provides general insurance through a digital platform, plans to raise ₹ 1,125 crore in fresh equity to maintain its solvency ratio and up to ₹ 1,490 crore through an offer for sale. The promoter stake will fall to 73.6% after the IPO from 83.3%.

Non-life insurance premium up nearly 16% at Rs 29,561.82 cr in April

Gross Direct Premium Underwritten of the non-life insurers in April was Rs 29561.82 crore, 16.24 per cent up from Rs 25431.24 crore in April 2023.

Go Digit IPO: Virat-Anushka backed insurer garners ₹1,176 crore from anchor investors ahead of IPO
Virat Kohli and Anushka Sharma-backed Go Digit General Insurance has raised ₹1,176.59 crore from anchor investors a day before its initial public offerings (IPO) opens for subscription.

Tata AIG General Insurance partners Aurm for its vault services

Tata AIG launches cover for in-orbit satellites

Tata AIG launches insurance cover for satellite makers, satcos in India

Virat & Anushka to get similar returns as other shareholders: Go Digit Founder Kamesh Goyal
Ahmedabad: Celebrity couple Virat Kohli and Anushka Sharma will be getting the same returns as other shareholders of Go Digit General Insurance Ltd, said Kamesh Goyal, founder and chairman of Bengaluru-based entity operating in the non-life insurance space. Cricketer Virat Kohli and his wife and Bollywood actress Anushka Sharma are individual shareholders in this seven-year old company.

Go Digit expects solvency ratio to surpass 200% post IPO
Virat Kohli-backed Go Digit General Insurance expects its solvency ratio to surpass 200% after the initial public offering is completed.

Go Digit IPO to open next week; here's what GMP signals ahead of subscription
Virat Kohli and Anushka Sharma backed Go Digit General Insurance is all set to launch its initial public offerings (IPO) next week. The IPO will open for subscription on May 15, 2024 and closes on May 17, 2024.

Virat Kohli-backed Go Digit General Insurance IPO announces price band at ₹258-272 apiece; check GMP, issue size, more
Go Digit IPO price band: Virat Kohli-backedGo Digit General Insurance Limited IPO price band has been fixed in the range of ₹258 to ₹272 per equity share of the face value of ₹10. The Go Digit General Insurance IPO date of subscription is scheduled for Wednesday, May 15, and will close on Friday, May 17. The allocation to anchor investors for the Go Digit General Insurance IPO is scheduled to take place on Tuesday, May 14.

Non-life insurance companies post 13% rise in premium collection at Rs 2.89 lakh cr in FY24

Insurer Go Digit's Rs 2.6k cr IPO set to open on May 15

Bharti Enterprises sells shares of ICICI Lombard for Rs 663 crore
Axis Mutual Fund (MF), Aditya Birla Sun Life MF, Invesco MF, Morgan Stanley Asia Singapore, Societe Generale, Goldman Sachs Singapore and Blackstone Aqua Master Sub-Fund acquired shares of Mumbai-based general insurer.

Digit to go public on May 15, looking to raise Rs 1,125 crore

Accident emergency care to go cashless
 

How to select the right motor insurance cover: 8 points to consider

Bajaj Allianz launches insurance for HNIs

Bajaj Allianz General Insurance will also offer protection that aligns with the HNI and UHNIs' financial and lifestyle preferences. It has created a segmented category for niche customers that addresses their unique needs with a curated selection of personalized insurance offerings, to safeguard their lifestyles. Tapan Singhel, managing director and CEO, BajajAllianz General Insurance, said the company understood their customers' sophisticated asset portfolios, financial planning, and distinct lifestyles demanded insurance offerings that transcended conventional norms and Prive is tailored to meet the needs of this exclusive clientele. "Prive is not just another insurance program. We recognizethat individuals of this strata expect nothing but the absolute best in products and services. With Prive, we aspire to be the go-to insurer," Singhel said. 

Bajaj Allianz General Insurance launches premium programme for high-value customers

Shriram General Insurance posts 34% growth in gross direct premium underwritten in FY24
Chennai: Shriram General Insurance Company outlined its five-year growth plan, aiming to grow the share of the non-motor business from 8.5 per cent now to 15 per cent, while increasing the number of agents from 69,000 to 2 lakh. The expansion strategy includes deeper penetration into small towns and rural areas to target the uninsured population.

Chola MS posts 23% growth in FY24 gross written premium to ₹7,598 crore

Cholamandalam MS General posts PBT of ₹444 crore in FY24
Chennai: Cholamandalam MS General Insurance Co Ltd (Chola MS), a joint venture between the Murugappa Group and the Mitsui Sumitomo Group (Japan) has reported a profit before tax (PBT) of ₹444 crore as compared with ₹264 crore in the previous year.

New Schengen Visa rules: Know changes in travel, insurance trends; senior citizens visiting Europe shoots up by 100%
New Schengen Visa rules have resulted in a doubling of Europe-bound senior citizens, a survey by insurance broker Policybazaar.com revealed.

SBI General Insurance result: Net profit jumps 30.4% to Rs 240 cr in FY24
The non-life subsidiary of State Bank of India had recorded a net profit of Rs 184 crore in the previous financial year.

PhonePe poured bulk of past year’s investments into insurance business