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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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Deferral Period for Renewal Premiums Extended by IRDAI

December 02 2016

Due to demonetisation, IRDAI has pushed the grace period of annual premium payments from 31st December to 30th January 2017.

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Defunct Currency Notes Can't Be Used for Insurance Premium Payment

November 30 2016

IRDAI has extended the grace period by up to 30 days. At the same time, it hasn't allowed the usage of defunct currency notes for insurance premium payment.

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Central Government Extends Insurance Coverage to Ayurvedic Treatment

November 28 2016

With a shift in patient numbers from allopathic to ayurvedic treatment in recent years, insurers have agreed to extend their coverage to ayurvedic treatment.

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IRDAI Plans Data Security Standards for Insurers

November 25 2016

A detailed cyber security framework will help to curb spam calls and data breaches in the future.

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Kanpur Train Accident to Test IRCTC Accident Cover

November 23 2016

Since the Kanpur train accident is the first major accident after IRCTC began insuring passengers, insurance companies are reaching out to the victims to settle claims.

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Renew Your Expired Motor Insurance Policy with Ease

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.

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Insurers Seek to Charge 2-3 Times Premium on Cash Carrying Companies

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.

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Insurers Seek Time Limit of One Year for Motor Third Party Claim Filing

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.

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General Insurers Witness a Rise of 32% in Premium Collections

November 18 2016

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

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IRDAI to Develop a Mechanism for Mitigating Cyber Risks

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.

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