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ICICI Lombard Upgrading Fraud Detection To Stem Fraudulent Claims

March 2018

Increasing incidences of fraudulent claims has led ICICI Lombard to strengthen their fraud detection processes

ICICI Lombard Upgrading Fraud Detection To Stem Fraudulent Claims

March 31 2018

Increasing incidences of fraudulent claims has led ICICI Lombard to strengthen their fraud detection processes

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.

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.

March 12 2015

The Insurance Regulatory and Development Authority of India (IRDAI) has proposed to increase the Third Party Liability (TPL) insurance premium for less than 1000cc cars by as much as 107.79%. The draft proposal also seeks a marginal revision of TPL premium for two wheelers in India.

March 10 2015

Finance Minister, Arun Jaitley, has met people's expectations by increasing the tax benefit for insurance buyers by `10000. The decision taken in the Union Budget 2015 has increased the deduction limit under section 80D to `25000 from `15000 for individuals. For senior citizens, the limit has been increased from ` 20000 to `30000.

February 23 2015

A recent accident case in Chennai has forced the insurance industry to look at Motor insurance from a different vantage point. The case in question involves a tanker lorry hitting a man, leaving him 45% disable.

February 20 2015

The current tax-free medical reimbursement limit of `15,000 a year is under the government's scanner. Owing to the increasing medical costs in the country, the government is likely to raise the tax-free medical reimbursement from employers to `25,000 per year.

February 18 2015

Major General Insurance companies have not welcomed the new provision in the Insurance Ordinance regarding the third party motor insurance segment.

February 06 2015

The Government's move to increase the Foreign Direct Investment (FDI) cap to 49% has struck a chord with leading global insurance providers. Chairman of Insurance Regulatory and Development Authority (IRDA), Mr. T. S. Vijayan, opined that the Indian insurance market is set to welcome new insurance companies.

January 30 2015

The much-awaited amendment in the insurance sector to raise the limit of FDI (Foreign Direct Investment) from 26% to 49% has finally seen the light of day.

January 30 2015

The year 2015 has brought some cheer for general insurance policyholders. Be it mediclaim, home, motor or travel, industry sources say that the premium for any of these policies is unlikely to rise this year.

November 03 2014

How do you buy a Health insurance plan? If you just settle with the plan your agent sells or are happy knowing you have bought the cheapest plan, there is a bit of unlearning and a lot of learning in store for you.