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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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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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Impact of GST on Your Insurance Premium

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!

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