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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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Indian Railway’s 92-Paisa Insurance Plan Gains Popularity

September 08 2016

A positive response was seen towards the railway insurance plan offered by IRCTC in partnership with general insurance providers to give passengers a maximum cover of ₹ 10 lakh.

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Highlights of The New Health Insurance Rules

August 22 2016

The new insurance rules to change the insurance scene for the customer.

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IRDAI Guidelines for Public Listing of General Insurance Companies

August 11 2016

The IRDAI says that firms that have completed 8 and 10 years in general and life insurance respectively have to go for mandatory listing on the stock market.

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Banks to Soon Fund General Insurance Premiums

August 10 2016

The IRDAI is planning to introduce premium financing in non-life insurance sector. This means, customers may be able to pay the premium in installments.

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Third Party Insurance Could Cost 10-15% More

August 08 2016

As per a recent bill proposed in the parliament, certain amendments are suggested to the Motor Vehicle Act, which could result in hike in third party premium.

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Cabinet Passes Bill to Enforce Insurance for Government Vehicles

August 06 2016

Considered as a game changer for state governments, the newly passed bill will make it mandatory for government-owned vehicles to purchase third party insurance.

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Good and Services Tax (GST) to Make General Insurance Dearer

August 06 2016

The Goods and Services Tax (GST), hailed essential for the modern times to standardise tax rates across the centre and state, is bound toincrease insurance costs.

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Motor Vehicle Bill Amendment to Curb Traffic Violations

August 04 2016

With theriseof injuries and fatalities on Indian roads, the Motor Vehicle Amendment Bill focuses on instilling a greater sense of responsibility and awareness by imposing hefty fines.

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The First Insurance Company to Issue Subordinated Debt: ICICI Lombard

August 01 2016

ICICI Lombard became the first private non-life insurer to raise funds by issuing non-convertible debenture bonds through private placement.

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Common Service Centres to Help Purchase Travel and Home Insurance

July 15 2016

IRDAI has regulated the formation of CSC-SPV to market insurance products, with an aim to promote easy accessibility of insurance products to consumers.

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