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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.

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.

November 21 2016

Cash carrying companies are seeking higher coverage post demonetisation. As a result, insurers are charging 2-3 times the premium for security.

November 18 2016

Insurers ask the ministry of road transport and highways to set a time limit for filing third party claims and fix the compensation amount.

November 18 2016

With an impressive growth in motor insurance, premium collections for general insurance companies see a rise of 32%.

November 07 2016

In the backdrop of recent cyber attacks in the banking sector, the IRDAI will set-up a cyber security framework to avoid any data breach in the future.

October 30 2016

Chhattisgarh government adopts centre's 'Niramaya' health insurance scheme that offers free medical insurance up to ₹1 lakh to the mentally ill.

October 20 2016

MACT asks government and police to devise a mechanism to avoid plying of uninsured vehicles on roads to alleviate the suffering of victims.

October 07 2016

IRCTC offering rail travel insurance at 1 paisa this Diwali as a festive discount. Know more about this scheme today.

October 03 2016

More and more home and business owners opting for comprehensive insurance covers and add-ons after the Chennai floods.

October 03 2016

Government initiatives are underway to standardise medical data and protect the right of confidentiality for a comprehensive health information network.