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'I was admitted to Medanta due to sudden unconsciousness as I had HDFC ERGO general insurance which covers Medanta. They referred me to ICU heart. Later, HDFC denied my claim stating it happened due to tension,' Preeti Chobey shared on X. Her post garnered more than 1.4 million views on X.
HDFC Limited acquired 36,42,290 equity shares of HDFC Ergo, representing 0.5097 percent of its total issued and paid-up share capital from ERGO International AG, the other promoter, the company said in a regulatory filing.
More time to comply with PSL requirements takes away the immediate burden from the bank. Similarly, clarity on holdings in investments and subsidiaries will clear air for investors.
The merger between HDFC Bank and HDFC is expected to complete by July 2023.
HDFC has also nominated Keki Mistry as a non-executive chairman.
Tune in to Simply Save podcast to know how you can deal with unfair claim rejection cases.
The second wave of COVID-19 in India has been fiercer than the first, affecting all age-groups and pushing up severity of health insurance claims received by the industry. But the pandemic has also raised the awareness levels around the importance of having an adequate health insurance cover in place, says HDFC ERGO's Ravi Vishwanath.
The Housing Development Finance Corporation Ltd (HDFC) is required to reduce its shareholding in HDFC Ergo to 50 percent or below as per an RBI directive.
This policy will be offered on-demand to customers on a 'pay as you fly' concept, the insurer said in a statement. Third-party insurance liability claim is mandatory for drone operations in the country.
Continuing losses, and regulatory risks abound in health insurance. Investors will have to be patient.
The city-based developer is the first realty player in the country to adopt title insurance policy as per the guidelines of the Real Estate.
HDFC Chairman, Deepak Parekh wants to grow Ergo General Insurance a little more before taking it public.
This is despite the fact that the industry base for cyber insurance is currently as low as Rs 60 crore.
Private sector HDFC Ergo General Insurance today entered the nascent trade credit insurance segment offering cover to corporates against possible defaults by their clients.
Non-life insurance companies registered a growth of 86.2 per cent in gross premium for September this fiscal at Rs 14,950 crore, showed official data.
This specially designed insurance policy covers the 2-wheeler owners against potential risks of theft, accidental damage, third party liability and others from one to three years' period through a single policy document and provides host of benefits including no inspection even in case of lapsed policy.
HDFC Ergo is looking at keeping its market share at 10 per cent in the crop insurance segment through its participation in Pradhan Mantri Fasal Bima Yojana (PMFBY), a top company executive said today.
Private sector non-life insurer HDFC ERGO today said that it has implemented Weather- Based Crop Insurance Scheme (WBCIS) in Assam, Uttarakhand and Madhya Pradesh.
The policy will offer near cashless repairs at over 4,650 Honda two-wheeler network outlets across India. Customers will get benefit of unlimited claim settlement in insured period with optional zero depreciation benefit.
Country's fourth largest general insurer HDFC ERGO has received Competition Commission's nod to acquire rival L&T General Insurance, a Rs 551 crore deal, which was announced in June.
The partnership combines HDFC ERGO's experience in introducing innovative non-life insurance products with SVC Bank's customer base across various states.
L&T Chairman Naik says the proceeds of the stake sale in L&T General Insurance to HDFC Ergo will go towards meeting the company's working capital needs of other core businesses.
The transaction has been valued at Rs 551 crore in the all-cash deal structured by Arpwood Capita, which advised HDFC ERGO. The acquisition would help the company improve its market position.
HDFC ERGO General Insurance Company, one of India’s key private sector ...
Under the agreement, ERGO will buy 12,33,57,262 shares of HDFC ERGO at a price of Rs 90.97 per share aggregating to Rs 1,122 crore, said a statement in the filing.
