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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.

BS4 v BS6: Key Differences, Features and Norms

January 24 2021

India transitioned from BS4 to BS6 completely on 1st April 2020. BS6 or Bharat Stage 6 is the new emission norm implemented by the Central Government.

Decode Colour Code in Health Insurance Plans 2023

December 11 2020

As per the new IRDAI diktat, individual health plans will have three colour codes – green, orange and red, based on the complexity of products.

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.

How Sure Are You About Your Motor Insurance Policy?

July 22 2019

With the cases of fake motor insurance policies rising by the day, insurance companies have started to affix bar codes and 3D holograms on policy documents as a seal of authenticity.

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.

Liberalised FDI in Insurance Intermediaries: Know What This Means for You

July 08 2019

The government’s proposal of 100% FDI for insurance intermediaries is expected to make the sector more competitive, resulting in better product offerings for buyers.

New Circular of IRDAI Eases Communication Concerns for Policyholders

May 16 2019

IRDAI’s circular asks insurers to put a mechanism through which policyholders can update their contact information.

ICICI Lombard Now Holds More Value for the Parent

March 07 2019

Since its listing in September 2017, market valuation of ICICI Lombard has registered a massive growth, which has made it more valuable to its parent company, ICICI Bank.

Read This if Your Vehicle Had Suffered Damage in The Aero India Parking Lot Fire

February 27 2019

You are liable to receive full reimbursement from the insurer for the damages to your car during the Aero India parking lot fire, if you have a comprehensive car insurance plan.