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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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Less Than 0.3% Indians Have Health Insurance

December 16 2015

According to Insurance Regulatory and Development Authority of India (IRDAI) reports, less than 0.3% of the population has health insurance.

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IRDAI Launches Health Insurance Information Portal 'ROHINI'

December 14 2015

IRDAI Chairman Mr. T S Vijayan recently launched a portal named 'Registry of Hospitals in Network of Insurers' (ROHINI) to ensure a centralized depository of information pertaining to health insurance.

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Handwritten passports to be replaced with machine-readable passports

December 01 2015

Handwritten passports will no longer be valid for international travel with effect from 25th November 2015, as directed by the government of India for its citizens.

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Long-term Insurance Policies Proving Beneficial

November 21 2015

IRDAI has been considering a single-premium health plan for the Indian insurance sector for some time. Meanwhile, the long-term health policy proposed by it has turned out to become profitable on many fronts.

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General Insurance Council Takes Steps to List Fraud Suspects

November 19 2015

The General Insurance Council (GIC), which is an association of non-life insurance companies in India has decided to put up a database of suspected cheats and frauds.

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Indian Millennial Spends Just 5% of Monthly Income on Health

November 16 2015

A survey conducted by ICICI Lombard on Understanding Lifestyle and Attitude towards Health of Millennial (those born in the 80's and the 90's) stated that the Indian Millennial spend just 5% of their monthly income on health and medical needs

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Insurance Index is the Need of the Hour

November 13 2015

A joint study conducted by Assocham-CRISIL states that the government should implement an index based on the insurance penetration and regard it as a measure of financial and social progress.

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A New Sales Medium for Non-life Insurance

November 10 2015

The Insurance Regulatory and Development Authority of India (IRDAI) has taken a revolutionary decision by allowing a new type of distributor.

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Insurance Companies Strive for Hassle-free Online Transactions

November 06 2015

Keeping in mind the needs of the Internet-savvy generation, many insurance companies are collaborating with technology firms to make online transactions hassle-free.

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Helmets Can Tackle Road Accidents Head On

November 02 2015

Wearing a helmet while riding a two wheeler is considered one of the most effective road safety mechanisms. However, despite imposing it as a law in many Indian states, and enforcing penalties on such drivers, the country continues to witness several such cases daily.

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