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Cover Story

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

PoS Okayed for Distribution of All Micro-Insurance Products

October 01 2018

IRDAI grants all micro-insurance distribution through point of sales

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Free Travel Insurance No Longer Mandatory in Online Railway Ticket Bookings

September 12 2018

Travel insurance will have to be manually selected in online bookings from now on, and it’ll be a paid service

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IRDAI Mandates ₹15 Lakh Accident Cover for All Vehicles

September 24 2018

IRDAI declares accident cover for motor owner-driver

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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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Parliament Approves Insurance Bill

March 18 2015

After a lot of deliberation, the revolutionary Insurance Bill has been passed by the Parliament. It will be considered as an act when the President signs it.

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Lok Sabha Clears the Insurance Laws (Amendment) Bill 2015

March 18 2015

The year 2015 has brought some cheer for general insurance policy holders. Be it mediclaim, home, motor or travel, industry sources say that the premium for any of these policies is unlikely to rise this year.

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Mandatory Insurance Set to Rise for Small Car Segment

March 12 2015

The Insurance Regulatory and Development Authority of India (IRDAI) has proposed to increase the Third Party Liability (TPL) insurance premium for less than 1000cc cars by as much as 107.79%. The draft proposal also seeks a marginal revision of TPL premium for two wheelers in India.

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Finance Minister Increases Tax Benefits by `10000

March 10 2015

Finance Minister, Arun Jaitley, has met people's expectations by increasing the tax benefit for insurance buyers by `10000. The decision taken in the Union Budget 2015 has increased the deduction limit under section 80D to `25000 from `15000 for individuals. For senior citizens, the limit has been increased from ` 20000 to `30000.

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Madras High Court Favors Lifetime Motor Insurance

February 23 2015

A recent accident case in Chennai has forced the insurance industry to look at Motor insurance from a different vantage point. The case in question involves a tanker lorry hitting a man, leaving him 45% disable.

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Budget May Hike Tax-free Medical Expense Cap

February 20 2015

The current tax-free medical reimbursement limit of `15,000 a year is under the government's scanner. Owing to the increasing medical costs in the country, the government is likely to raise the tax-free medical reimbursement from employers to `25,000 per year.

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New Provision in Insurance Ordinance to Cause an Imbalance

February 18 2015

Major General Insurance companies have not welcomed the new provision in the Insurance Ordinance regarding the third party motor insurance segment.

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New Insurance Companies Set to Enter Indian Market

February 06 2015

The Government's move to increase the Foreign Direct Investment (FDI) cap to 49% has struck a chord with leading global insurance providers. Chairman of Insurance Regulatory and Development Authority (IRDA), Mr. T. S. Vijayan, opined that the Indian insurance market is set to welcome new insurance companies.

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