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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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Tamil Nadu Announces Accident Insurance for School Kids

October 15 2017

Tamil Nadu government is in the process of introducing accidental insurance for school kids. The state has highest number of road accidents in India

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Insurers Can’t Reject Genuine Claims, says Supreme Court

October 09 2017

The Supreme Court has ruled that delayed claims with genuine reasons for delay cannot be repudiated. This is good news for motor insurance policyholders

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KYC Norms Coming Soon to General Insurance Industry

September 29 2017

The introduction of KYC will help general insurers in facilitating timely renewals for motor insurance and also cross-selling other products

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Looking to Buy Insurance? You Don't Need an Aadhaar Card

September 04 2017

IRDAI confirms that Aadhaar card is not mandatory for customers purchasing insurance. However, Aadhaar information, if provided is sufficient for KYC.

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Health Insurers to Share Data on Fraudulent Claims

August 15 2017

Healthcare establishments indulging in health insurance fraud will be identified and blacklisted by insurers. This data will be available to all members of the GI Council

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Pradhan Mantri Jan Dhan Yojana Settles 1,767 Claims

August 15 2017

Under PMJDY, an accidental cover of ₹1 lakh is provided along with a life cover of ₹30,000. Till August 4, 2017, a total of 4,165 life insurance claims were also paid out

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No Insurance Renewal for Vehicles without Clean Pollution Certificates

August 11 2017

The Supreme Court has directed insurance companies to not renew insurance of vehicles that don’t have a valid PUC certificate. Takes into account suggestions put forth by EPCA

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IRDAI Forms Steering Committee for Implementation of RBC Regime

August 10 2017

The insurance industry will be moving to RBC norms by 2021. IRDAI has formed a 10-member steering committee to oversee its implementation

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Insurance Penetration in India Lower Than the World

July 01 2017

The insurance penetration rate in India is just 3.42%. To improve this, the regulatory framework needs to be transformed, according to the report.

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Impact of GST on Your Insurance Premium

June 30 2017

Although GST has increased the cost of insurance premiums by 3%, it is still important to insure your life & properties, as they bring peace of mind. Read about the impact of GST here!

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