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Latest Insurance News Today

Identify Fraudulent Claims Insurance Industry

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.

December 19 2016

As per industry experts, the general insurance industry has grown at 28% in the first half of this fiscal and is expected to cross 1.2 lakh crore in 2016-17.

December 02 2016

Individuals with high net worth will soon be able to avail health insurance scheme with sum insured as Rs. 1 crore, courtesy New India Assurance.

December 02 2016

Due to demonetisation, IRDAI has pushed the grace period of annual premium payments from 31st December to 30th January 2017.

November 30 2016

IRDAI has extended the grace period by up to 30 days. At the same time, it hasn't allowed the usage of defunct currency notes for insurance premium payment.

November 25 2016

A detailed cyber security framework will help to curb spam calls and data breaches in the future.

November 23 2016

Since the Kanpur train accident is the first major accident after IRCTC began insuring passengers, insurance companies are reaching out to the victims to settle claims.

November 23 2016

ICICI Lombard introduces Mobile Self Inspection in Insure App for easy renewal of expired motor insurance policy, eliminating the need for physical inspection.