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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

Travelling To UAE? This Insurance Advisory is for You

February 24 2019

The Consulate General of India in Dubai has released a statement, advising all Indian nationals who are travelling to UAE to have adequate medical insurance.

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Read This if Your Vehicle Had Suffered Damage in The Aero India Parking Lot Fire

February 27 2019

You are liable to receive full reimbursement from the insurer for the damages to your car during the Aero India parking lot fire, if you have a comprehensive car insurance plan.

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ICICI Lombard Now Holds More Value for the Parent

March 07 2019

Since its listing in September 2017, market valuation of ICICI Lombard has registered a massive growth, which has made it more valuable to its parent company, ICICI Bank.

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Heart Attacks Cause a Third of the Annual Deaths in Mumbai

July 24 2015

On an average, 80 Mumbaikars have died due to heart diseases on a daily basis in 2014-2015. Official records show that heart attacks cause a third of the annual deaths in Mumbai.

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PwC Hails Change Management as a Prime Insurance Concern

July 20 2015

Pricewaterhouse Cooper (PwC) conducted the 'Insurance Banana Skin 2015' survey that polled around 800 insurance practitioners and industry observers in 54 countries.

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IRDAI Takes Action Against TPAs

July 14 2015

The Insurance Regulatory and Development Authority of India (IRDAI), has issued a strict guideline instructing Third Party Administrators (TPAs) to keep out of claims. Several TPA services have been terminated by companies after discovering their fraudulent practices.

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Insurers Adopt Proactive Measures in Monsoon

July 07 2015

During the monsoon season, insurance claims ratio for passenger cars increases by 15-20%. Reason for this is the damage caused by water logging in certain areas.

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J&K Flood Victims' Claims Settled; Rehabilitation Now a Reality

June 30 2015

The devastating floods in Jammu & Kashmir in 2014 resulted in the loss of several lives and left several others homeless. The aftermath resulted in public sector general insurance companies receiving 13,909 claims, of which 13,612 claims, amounting to `729.75 crores, have been settled.

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Health Insurance Policyholders Soon to Benefit from Hospital Discounts

June 30 2015

The Insurance Regulatory and Development Authority of India (IRDAI) has mandated that insurers and TPAs (third party administrators) pass on all discounts (received from hospitals) to policyholders while settling health claims.

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India Launches `1,500 crores Insurance Pool for Nuclear Liability

June 17 2015

The Government has created a nuclear insurance pool worth `1,500 crores with the support of Nuclear Risk Insurers (NRI), UK.

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Assam Floods: Overflowing Rivers Disrupt Daily Life

June 16 2015

The onset of monsoon in northeast India was marked by the first wave of floods in Assam. Relentless rainfall has caused the Brahmaputra and its tributaries to overflow and inundate up to 2,800 hectares of crops,

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75% Two-wheelers Running Without Insurance

June 04 2015

The Indian vehicle market is dominated by two-wheelers, as they constitute nearly 70% of it. Out of this share, 75% two-wheelers are running without a Motor Insurance Policy. Although Third Party Liability insurance is mandatory, two-wheeler owners seem to be overlooking this compulsion.

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Smart Cities and their Impact on Our Future

May 29 2015

Smart Cities are developed urban areas with unlimited digital and technological potential to reduce cost and resource consumption and enhance the performance, well-being, and efficiency of its citizens.

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