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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

Soon Your Motor Insurance Premium May be Determined by Telematics

December 05 2018

An IRDAI panel set-up to examine the pricing of third-party motor insurance plans have recommended the use of telematics to determine the insurance premiums more accurately in the future.

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Sixteen? Now You Can Get a License to Ride E-Scooters in India

December 12 2018

The government of India has decided to provide driving license for teenagers between 16-18 years of age to ride e-scooters with maximum motor power of 4 kWh at speed up to 70 kmph.

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ICICI Lombard To Go the AI Way for Motor Insurance Renewal

December 20 2018

ICICI Lombard has launched an artificial intelligence-based solution for instant renewals of expired or lapsed motor insurance policies.

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Accident Claim Capped at 10 Lakhs for Motor Insurance From 2018

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.

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Health Insurance to Be Offered to Poor by Haryana Government

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.

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AYUSH Ministry Aims to Take Traditional Medicine to the World

June 06 2017

To integrate AYUSH into the public health system, the government is drafting a national policy that puts it under the universal health insurance scheme. Know more about AYUSH here!

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IRDAI to Modify Coverage of Fire and Allied Policies

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.

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GST Likely to Increase Insurance Premiums

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.

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Amendments in Motor Vehicles Act to Benefit Insurance Industry

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.

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Pirated and Outdated Software Not Covered by Insurance

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!

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Over 1.7 Million Benefitted from CM’s Health Insurance Scheme in Tamil Nadu

May 15 2017

The CMCHIS provides health coverage to over a million families who can’t afford expensive treatment in private hospitals. Read more about the health insurance scheme here.

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Property Insurance Rates to Increase Post July This Year

May 11 2017

The IRDAI has asked insurers to submit revised rates to the Insurance Information Bureau (IIB), which will not be lower than the base rates of IIB. Read more about the hike in property insurance here.

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Insurance Industry Outpaces Indian Economy, Says IRDAI

May 10 2017

As per the IRDAI, the insurance industry registered 17% growth on premiums that outpaced the growth of the Indian economy. Read more about it here.

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