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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

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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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.

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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.

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IRCTC to Extend Insurance Cover to Include Passenger Baggage

September 11 2016

Following the huge success of their new insurance scheme, the IRCTC plans to extend their rail insurance to include baggage as well as cell phones and laptops.

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Insurance Schemes for Mumbai Local Train Commuters by IRCTC

September 10 2016

Following the huge success of their new insurance scheme, the IRCTC plans to extend their rail travel insurance for local commuters of the Mumbai.

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Indian Railway’s 92-Paisa Insurance Plan Gains Popularity

September 08 2016

A positive response was seen towards the railway insurance plan offered by IRCTC in partnership with general insurance providers to give passengers a maximum cover of ₹ 10 lakh.

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IRDAI Guidelines for Public Listing of General Insurance Companies

August 11 2016

The IRDAI says that firms that have completed 8 and 10 years in general and life insurance respectively have to go for mandatory listing on the stock market.

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Third Party Insurance Could Cost 10-15% More

August 08 2016

As per a recent bill proposed in the parliament, certain amendments are suggested to the Motor Vehicle Act, which could result in hike in third party premium.

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Cabinet Passes Bill to Enforce Insurance for Government Vehicles

August 06 2016

Considered as a game changer for state governments, the newly passed bill will make it mandatory for government-owned vehicles to purchase third party insurance.

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Good and Services Tax (GST) to Make General Insurance Dearer

August 06 2016

The Goods and Services Tax (GST), hailed essential for the modern times to standardise tax rates across the centre and state, is bound toincrease insurance costs.

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The First Insurance Company to Issue Subordinated Debt: ICICI Lombard

August 01 2016

ICICI Lombard became the first private non-life insurer to raise funds by issuing non-convertible debenture bonds through private placement.

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Common Service Centres to Help Purchase Travel and Home Insurance

July 15 2016

IRDAI has regulated the formation of CSC-SPV to market insurance products, with an aim to promote easy accessibility of insurance products to consumers.

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Insuring Two Wheelers with Long-Term Plans

July 05 2016

ICICI Lombard has introduced long term two wheeler insurance plans to encourage renewals

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