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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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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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The General Insurance Council of India to Develop Data Banks of Fraudulent Claims

July 13 2016

The GIC will provide a free software module to insurance companies to detect fraudulent claims, as per a recent report.

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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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Car Insurance Costs to Reduce with the Use of Technology

July 04 2016

The use of advanced technology in cars is expected to bring down the rate of car insurance premiums.

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Milestone Achieved by ICICI Lombard’s Two Wheeler Policy

June 28 2016

The long duration insurance policy introduced by ICICI Lombard has achieved popularity amongst two wheeler owners, who want long-term policies for other insurance products too.

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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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