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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

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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

Read More

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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Regulator Formulating New Vehicle Insurance Policies

March 21 2017

These new policies are meant to increase the coverage of mandatory third party vehicle insurance and give more options to the vehicle owner

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Fake Driver’s License Can Get Your Claim Rejected

March 21 2017

Checking your driver’s license while hiring can be the difference between a successful or a rejected claim

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Vehicle Insurance to Be Made Mandatory for Fitness Test

March 17 2017

Uninsured vehicles in Telangana will soon be not allowed to undergo fitness tests or any other transactions at the RTA.

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Aadhaar Becomes Mandatory for Crop Insurance Policies

March 09 2017

The government has made aadhaar necessary to get crop insurance from the coming Kharif season starting from April 1.

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Mysore Police to Seize Rides of Riders without Helmets

March 08 2017

Not wearing helmets while riding and plying in a vehicle without insurance? These are enough for police to seize your vehicles in Mysore.

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Healthcare to Grow by 14% in Next Five Years, Says ICRA

March 06 2017

Higher penetration of health insurance and medical tourism will the driving factor for nearly 14% growth in the healthcare sector.

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Small Town Residents to Pay Less for Health Insurance than Urban Dwellers

March 03 2017

With a majority of small town dwellers not buying health insurance due to its high premium cost, insurers are looking to reduce premium cost in small towns.

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₹894 Crore Released as Insurance to Farmers in Maharashtra

March 02 2017

Maharashtra government releases highest crop insurance compensation for farmers suffering from last year’s unseasonal rains.

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Insurance Penetration in India to Exceed 4% in 2017

February 28 2017

The low premium insurance schemes launched by the government have increased the insurance penetration in the country, which is likely to exceed 4% in 2017.

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Health Cover of ₹1 Crore Is the New Norm in the Industry

February 21 2017

With rise in health inflation and out-of-pocket medical expenses, health insurance of ₹ 1 crore is becoming a trend in the insurance industry.

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