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Latest Insurance News Today

First Indian Company certified with ISO 31000:2018

ICICI Lombard – First Indian Company certified with ISO 31000:2018

May 2018

The British Standard Institution (BSI) has awarded a Certificate of Compliance to ICICI Lombard – the first Indian company to be certified with the ISO 31000:2018

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Featured Articles

Union Budget 2021: Finance Minister proposed hiking FDI limit in insurance to 74%

February 02 2021

The Government of India has proposed a hike in the limit or cap on Foreign Direct Investment (FDI) in the insurance sector to 74% from the existing 49%. The decision was announced by the Finance Minister of India, Mrs Nirmala Sitharaman, during her budget speech in the parliament on 1st February 2021.

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Insurance Regulator Mandates Cancellation of RC In Case of Total Loss Claim Settlement

July 30 2019

IRDAI’s mandate to cancel the registration of completely destroyed vehicles is expected to put a check in the cases of fraudulent car registrations.

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This Is How IRDAI Is Planning to Offer You More Freedom Regarding Health Insurance

July 09 2019

The IRDAI’s proposal of providing the health insurance policyholders with an option to select the TPAs of their choice is expected to result in better service offerings for them.

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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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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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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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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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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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Health Insurers to Share Data on Fraudulent Claims

August 15 2017

Healthcare establishments indulging in health insurance fraud will be identified and blacklisted by insurers. This data will be available to all members of the GI Council

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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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