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Cover Story

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

Travelling To UAE? This Insurance Advisory is for You

February 24 2019

The Consulate General of India in Dubai has released a statement, advising all Indian nationals who are travelling to UAE to have adequate medical insurance.

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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.

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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.

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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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Looking to Buy Insurance? You Don't Need an Aadhaar Card

September 04 2017

IRDAI confirms that Aadhaar card is not mandatory for customers purchasing insurance. However, Aadhaar information, if provided is sufficient for KYC.

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CII Asks Indian Insurance Companies to Embrace Digitisation

August 22 2017

CII sounds necessary alarm bells to keep the Indian insurance sector competitive in a global market, stressing on digitisation trends.

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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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IRDAI Forms Steering Committee for Implementation of RBC Regime

August 10 2017

The insurance industry will be moving to RBC norms by 2021. IRDAI has formed a 10-member steering committee to oversee its implementation

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Insurance Penetration in India Lower Than the World

July 01 2017

The insurance penetration rate in India is just 3.42%. To improve this, the regulatory framework needs to be transformed, according to the report.

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