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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
The government’s proposal of 100% FDI for insurance intermediaries is expected to make the sector more competitive, resulting in better product offerings for buyers.
The Insurance Regulatory Authority of India has asked health insurers to offer coverage to those suffering from mental and genetic disorders.
IRDAI’s circular asks insurers to put a mechanism through which policyholders can update their contact information.
Certain, specific documents are always asked by police in case of traffic violation
Some insurance companies are asking for both original keys to settle stolen vehicle claims
The requirement of mandatory PUC certificate for car insurance renewal will slowdown insurance industry growth
Lawyers are also involved in the duplicate accident claims scam
The growth of industry was impacted by GST reforms and demonetisation
Public sector insurance companies are still the dominant force in insurance sector
The motive behind the move is to expand insurance coverage to all strata of society
Hospital bills are a huge burden on the financial well-being of Indians
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