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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.

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

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

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

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

September 29 2017

The introduction of KYC will help general insurers in facilitating timely renewals for motor insurance and also cross-selling other products

September 21 2017

General insurers are increasing investments in government securities due to increased premium collection and raising of capital following successful IPOs

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

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

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