IC welcomes non-life insurers’ aid to those affected by covid-19
News Source: PNA ( Philippine News Agency) Original News Link: IC welcomes non-life insurers’ aid to those affected by covid-19
SGI PH creates a corpus for financial assistance to insurance intermediaries
Source: Manila Times Read more here: sgi-ph-creates-a-corpus-for-financial-assistance-to-insurance
Philippines: Final call to insurance companies on minimum capita
There is a serious warning for all life and non-life insurance companies from the Insurance Commission (IC) if they fail to comply with the PHP900m ($17.8m) minimum net worth. Also, if they won’t reach the minimum capital investment requirement by the regulator’s deadline. Following this ultimatum is highly required by the Insurance Commission. Source: Asia […]
Mother Company in India Giveaway Fresh Capital to Local Insurance
SGI Philippines General Insurance Co. Inc. a non-life insurer has raised its capitalization to P1.3 billion and reached 2022 deadline to uplift paid-up capital. In a statement on Monday (Feb. 17), Insurance Commissioner Dennis B. Funa said ”SGI’s mother company, Shriram General Insurance Co. Ltd, an Indian firm, had “infused fresh capital” of P624 million’’. […]
Insurance Now More Reliable; Insurance Software to be Launched by SGI Philippines
A fully integrated software solution is going to be launched by SGI in the vision to enhance insurance solution. In an even last week in Pasay, SGI Philippines General Insurance Co. Inc. President Farhat Hussain said, ” firm was eyeing the full rollout of the software by 2021. One or two modules will be launched […]
SGI Philippines Ensures Bounce in Capital to P1.33 Billion
Recently, the non-life insurer SGI Philippines General Insurance Co. Inc. implanted P620 million as added capital, matching it up with industry requirement leading the schedule. SGI Philippines has increased its capital by another P620 million in December last year, taking its total paid-up capital to P1.33 billion as of end-2019. This makes SGI Philippines compliant […]
The common Car Insurance mistakes you should avoid!
Car insurance is like a protective layer that assures complete safety whatever the situation is. You are having a car, but not car insurance policy this may hurt your pocket badly. Therefore, it is important to buy a car insurance policy to ensure reimbursement in case of an accident happens. Car insurance is beneficial […]
This is Why Buying Personal Accident Insurance is Beneficial
This is Why Buying Personal Accident Insurance is Beneficial Nobody wants to get involved in accidents or any other unknown mishaps. It is unfortunate if you face such a situation and the worst thing is, you don’t have insurance cover for bodily injury or accidental death. The majority of people don’t understand the importance of […]