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insurance_updates

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Below are the blogs related to bike insurance.

Tamil Nadu Announces Accident Insurance for School Kids

October 15 2017

Tamil Nadu government is in the process of introducing accidental insurance for school kids. The state has highest number of road accidents in India

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Insurers Can’t Reject Genuine Claims, says Supreme Court

October 09 2017

The Supreme Court has ruled that delayed claims with genuine reasons for delay cannot be repudiated. This is good news for motor insurance policyholders

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Health and Motor Sectors Driving Insurance Growth

October 18 2017

Insurance industry is growing at a rapid pace. This growth is driven by the demand in health, motor and crop insurance

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Crop Insurance Scheme Pushes Insurance Penetration Past 1% of GDP

October 02 2017

Driven by the success of crop insurance, the non-life insurance industry is poised to double its contribution to GDP in next 5 years

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Standalone Health Insurance to Touch ₹20,000 Crore by 2020

October 03 2017

The health insurance industry is witnessing growth on the back of rising healthcare expenses and will touch ₹20,000 crore by 2020

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KYC Norms Coming Soon to General Insurance Industry

September 29 2017

The introduction of KYC will help general insurers in facilitating timely renewals for motor insurance and also cross-selling other products

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IRDAI Forms Steering Committee for Implementation of RBC Regime

August 10 2017

The insurance industry will be moving to RBC norms by 2021. IRDAI has formed a 10-member steering committee to oversee its implementation

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Investments by General Insurance Companies on the Rise

September 21 2017

General insurers are increasing investments in government securities due to increased premium collection and raising of capital following successful IPOs

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Pradhan Mantri Jan Dhan Yojana Settles 1,767 Claims

August 15 2017

Under PMJDY, an accidental cover of ₹1 lakh is provided along with a life cover of ₹30,000. Till August 4, 2017, a total of 4,165 life insurance claims were also paid out

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No Insurance Renewal for Vehicles without Clean Pollution Certificates

August 11 2017

The Supreme Court has directed insurance companies to not renew insurance of vehicles that don’t have a valid PUC certificate. Takes into account suggestions put forth by EPCA

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