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insurance_updates

Insurance Updates Information

Below are the blogs related to bike insurance.

Cap on Dealer Commissions to Not Impact Premiums

November 30 2017

The capping of the distribution fees payable to Motor Insurance Service Providers is unlikely to affect the premiums of motor insurance policies

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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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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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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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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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Insurance Penetration in India Lower Than the World

July 01 2017

The insurance penetration rate in India is just 3.42%. To improve this, the regulatory framework needs to be transformed, according to the report.

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Impact of GST on Your Insurance Premium

June 30 2017

Although GST has increased the cost of insurance premiums by 3%, it is still important to insure your life & properties, as they bring peace of mind. Read about the impact of GST here!

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Health Insurance to Be Offered to Poor by Haryana Government

June 25 2017

The Haryana state government is making a lot of effort to improve access to health care in the state & provide free health insurance to the poor. Read more about it here.

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