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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

Mental and Genetic Disorders Can’t Be Excluded from Health Insurance Coverage: IRDAI

February 24 2019

The Insurance Regulatory Authority of India has asked health insurers to offer coverage to those suffering from mental and genetic disorders.

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New Circular of IRDAI Eases Communication Concerns for Policyholders

May 16 2019

IRDAI’s circular asks insurers to put a mechanism through which policyholders can update their contact information.

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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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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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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 Rs.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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