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Latest Insurance News Today

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

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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This Is How IRDAI Is Planning to Offer You More Freedom Regarding Health Insurance

July 09 2019

The IRDAI’s proposal of providing the health insurance policyholders with an option to select the TPAs of their choice is expected to result in better service offerings for them.

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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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Driving Without Motor Insurance May Lead to License Cancellation

May 03 2017

The government is now planning to cancel the registrations of vehicles found without Motor Insurance, in an effort to increase vehicle insurance continuity among vehicles.

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Get 25% Additional Insurance Cover for Wearing Helmet

April 26 2017

A general insurance company is offering an additional 25% sum insured in the family floater health insurance plan for wearing a helmet while riding a two wheeler.

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Insurers Likely to Increase Premium for Mental Illnesses

April 07 2017

Insurance cover for mental illnesses likely to affect the health insurance premium of more than 150 million people in the country living with mental disorders

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ICICI Lombard Wins Stevie Award for Best Contact Centre

April 06 2017

ICICI Lombard gets the Bronze Stevie award due to its structured processes, multifunctional technology integration, and customer centric metrics.

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Cars May Also Get Long-Term Insurance Cover Soon

April 03 2017

Long-term insurance for cars will bring better cost benefit to customers on account of fixed premiums and longer coverage

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General Insurance Premium to Increase from April 1

March 26 2017

The hike in general insurance premium comes after IRDAI approval to insurers for revision in commission to agents

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Group Health Insurance to Become More Expensive

March 24 2017

Competitive pricing, consistent losses and higher healthcare inflation have pushed insurers to hike premium rates on group health insurance

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