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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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Uninsured Two-Wheelers To Incur Premium Dues Of ₹52k Crore By 2025

January 18 2018

The estimated loss from at least a third-party insurance premium for two wheelers is expected to go up to ₹52,000 crores by 2024-25

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General Insurers Collaborate To Fight Fraud

January 17 2018

Nearly 15% of health and motor insurance claims are fraud. GIC has roped in LexisNexis to use data analytics for combating fraud claims

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Insurance Regulatory Chief Calls For Standardization Of Healthcare Costs In Cities

December 20 2017

IRDAI chief T.S Vijayan bats for standardized rates in healthcare costs in hospitals and health insurance sectors at least within the same city

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Wearable Smart Gears To Lower Insurance Premiums By 15 per cent

December 19 2017

Health data insights from wearable devices will help insurers identify customers leading a healthy lifestyle and reward them by lowering premium up to 15%

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Healthcare Insurance Key For MSME Workforce

December 18 2017

Group health insurance policies are required in the MSME sector, could significantly boost productivity, says study

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Only 27 Per Cent Indians Have Health Insurance

December 18 2017

With 73% or 100 crore Indians medically uninsured, FICCI & KPMG suggest Health Savings Account (HSA) to provide all-inclusive solution

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Motor Vehicle Act (Amendment) Bill 2017 To Come Up In Winter Session Of Parliament

December 15 2017

The focus on road safety will see the Bill impose heavy fines on offenders and bring changes to how third party motor insurance is settled

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Solar Panel Warranty Insurance Launched By ICICI Lombard

December 14 2017

Increasing focus towards clean energy has put solar power in the limelight. Increased generation brings risks and hence need for insurance coverage

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Disease-specific Insurance Plans Becomes Popular In Hyderabad

December 14 2017

With the increase in cases of deadly diseases, disease-specific insurance policies are becoming popular in Hyderabad

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Internet Of Things May Soon Come Under Insurance Policy

December 11 2017

IRDAI has set up a working committee to study the various aspects of bringing IoT devices under insurance policy. The reports will be submitted in February

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