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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

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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How Sure Are You About Your Motor Insurance Policy?

July 22 2019

With the cases of fake motor insurance policies rising by the day, insurance companies have started to affix bar codes and 3D holograms on policy documents as a seal of authenticity.

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Liberalised FDI in Insurance Intermediaries: Know What This Means for You

July 08 2019

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.

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Insurance Penetration In India Rose To 3.49%: Economic Survey 2018

January 30 2018

The economic survey of India, 2018, states that the insurance penetration in India has risen to 3.49% in 2016-17 from 2.71% in 2001

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Insurance Cover for Insolvency Professionals to Cover Kidnapping

January 29 2018

With stressed loans being cleaned up by banks, insurers are designing products that will cover insolvency professionals against kidnapping and ransom

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General Insurers Collaborate To Fight Fraud

January 17 2018

Nearly 15% of health and motor insurance claims are fraud. GIC has roped in LexisNexis to use data analytics for combating fraud claims

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Wearable Smart Gears To Lower Insurance Premiums By 15 per cent

December 19 2017

Health data insights from wearable devices will help insurers identify customers leading a healthy lifestyle and reward them by lowering premium up to 15%

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Healthcare Insurance Key For MSME Workforce

December 18 2017

Group health insurance policies are required in the MSME sector, could significantly boost productivity, says study

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Motor Vehicle Act (Amendment) Bill 2017 To Come Up In Winter Session Of Parliament

December 15 2017

The focus on road safety will see the Bill impose heavy fines on offenders and bring changes to how third party motor insurance is settled

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Solar Panel Warranty Insurance Launched By ICICI Lombard

December 14 2017

Increasing focus towards clean energy has put solar power in the limelight. Increased generation brings risks and hence need for insurance coverage

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Internet Of Things May Soon Come Under Insurance Policy

December 11 2017

IRDAI has set up a working committee to study the various aspects of bringing IoT devices under insurance policy. The reports will be submitted in February

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IRDAI Mandates Linking of Aadhaar with Existing Policies

November 11 2017

IRDAI has made it mandatory for policyholders to link their existing policies with Aadhaar by 31st December 2017

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Third Party Motor Insurance is Now the Money Spinner

November 07 2017

The IRDAI, in the last financial year, raised the cost of third party motor insurance premium by 28% for cars in the 1000- 1500 cc and above range

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