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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.

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.

June 30 2017

Although GST has increased the cost of insurance premiums by 3%, it is still important to insure your life & properties, as they bring peace of mind. Read about the impact of GST here!

June 29 2017

Many farmers in Trichy, due to their lack of knowledge about crop insurance, are suffering after losing their crops to drought. Know more about crop insurance here!

June 28 2017

Data Analytics could transform the insurance sector, making it more profitable and increasing customer satisfaction, if applied properly. Read more about it here.

June 26 2017

As losses were high in the motor insurance segment, the maximum available accident claim has been fixed at ₹10 lakh in the financial year of 2018. Read more about it here.

June 25 2017

The Haryana state government is making a lot of effort to improve access to health care in the state & provide free health insurance to the poor. Read more about it here.

May 23 2017

Huge economic losses in natural disasters and poor penetration of fire and allied policies have prompted IRDAI to review the coverage of such policies.

May 22 2017

Under GST, the tax rate for insurance is likely to increase, which will result in an increased premium outgo for the insured Indian middle class.

May 18 2017

Liability clause, which is likely to cut down insurance losses have been removed in the new Motor Vehicles Act passed by Lok Sabha.

May 16 2017

Losses arising from cyber-attacks such as the WannaCry ransomware will not be covered if you use pirated and outdated software. Know more about it here!