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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

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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How Sure Are You About Your Motor Insurance Policy?

July 22 2019

With the cases of fake motor insurance policies rising by the day, insurance companies have started to affix bar codes and 3D holograms on policy documents as a seal of authenticity.

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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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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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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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Insuring Two Wheelers with Long-Term Plans

July 05 2016

ICICI Lombard has introduced long term two wheeler insurance plans to encourage renewals

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Insurance Payout Fraud Probes by IRDAI

June 24 2016

A committee will be set up by the IRDAI to look into the allegations of motor fraud by general insurance companies.

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Adopt Data Analytics for Product Design and Pricing: IRDAI Chairman

May 28 2016

Designing and pricing insurance products with data analytics tools and technology will boost insurance coverage and reduce costs.

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AYUSH Coverage under Health Insurance

May 22 2016

Health insurance cover for AYUSH has increased but the success depends on whether major hospitals provide these services.

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