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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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ICICI Lombard to Focus on Its Online Platform to Increase Business

May 20 2015

A recent study conducted by ICICI Lombard and Google India has revealed that the online medium is playing a critical role in the purchase of non-life insurance products. To leverage this opportunity, ICICI Lombard has decided to focus on its online platform to increase business.

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Non-metros Also Opting For Online Insurance

May 15 2015

Contradictory to the general perception, insurance seekers in non-metros are also exploring the online option to purchase insurance products.

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Insurance Companies Going the Digital Way

May 11 2015

Indian insurance companies are expected to invest close to `130.4 billion on IT products and services this year. This amounts to a 10.4% increase in IT expenditure over the previous year.

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Issuing Electronic Insurance Policies to Become Mandatory

April 28 2015

Insurance Regulatory and Development Authority of India (IRDAI) is in the process of ensuring that insurance companies provide the insured with an electronic version of new insurance policies.

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Nepal Earthquake: Insurers Begin Loss Assessment Process Title

April 27 2015

After succumbing to the country's worst earthquake in 80 years, Nepal is now trying to recuperate from the losses faced in past two days. Property, Life and Motor insurance companies have begun their loss assessment survey.

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Hiked Limit for External Surveyors Likely to Quicken Claim Process

April 16 2015

As per Insurance Regulatory and Development Authority of India's (IRDAI) amendments to the Insurance Surveyors and Loss Assessors regulations last week, the claim limit for mandatory availing Surveyor and Loss Assessor service has been hiked.

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IRDAI Hikes Qualification Criteria to Avail Surveyor and Assessor Services

April 15 2015

As per a recent Insurance Regulatory and Development Authority of India (IRDAI) directive, there has been a hike in the claim amount required to avail Insurance Surveyor and Assessor Services.

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General Insurance Market Softens As ONGC Renews Insurance at 35% Discount

April 03 2015

As compared to last year, this year's general insurance market seems to have softened in terms of the premium amount charged.

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Approved Insurance Bill Expected to Revamp Indian Insurance Sector

March 26 2015

The recently approved Insurance Bill is expected to revamp the functioning of the Indian insurance sector with its forward-looking initiatives.

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Electronic Detection System to Keep Track of Motor Insurance

March 18 2015

A recent study conducted by the Insurance Information Bureau of India (IIB) revealed that 55% of registered vehicles in India do not possess the mandatory Third Party Liability insurance.

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