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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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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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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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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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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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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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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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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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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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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