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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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The IRDAI Wants Insurers to Speed up Claims Process

June 30 2017

The IRDAI wants insurance companies to find a sound mechanism to deal with genuine delays in intimation of claims, without compromising on bad claims.

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Farmers Suffering Due to Lack of Awareness about Crop Insurance

June 29 2017

Many farmers in Trichy, due to their lack of knowledge about crop insurance, are suffering after losing their crops to drought. Know more about crop insurance here!

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Analysis of Insurance Data Could Benefit Customers

June 28 2017

Data Analytics could transform the insurance sector, making it more profitable and increasing customer satisfaction, if applied properly. Read more about it here.

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Accident Claim Capped at 10 Lakhs for Motor Insurance From 2018

June 26 2017

As losses were high in the motor insurance segment, the maximum available accident claim has been fixed at ₹10 lakh in the financial year of 2018. Read more about it here.

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Health Insurance to Be Offered to Poor by Haryana Government

June 25 2017

The Haryana state government is making a lot of effort to improve access to health care in the state & provide free health insurance to the poor. Read more about it here.

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AYUSH Ministry Aims to Take Traditional Medicine to the World

June 06 2017

To integrate AYUSH into the public health system, the government is drafting a national policy that puts it under the universal health insurance scheme. Know more about AYUSH here!

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IRDAI to Modify Coverage of Fire and Allied Policies

May 23 2017

Huge economic losses in natural disasters and poor penetration of fire and allied policies have prompted IRDAI to review the coverage of such policies.

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GST Likely to Increase Insurance Premiums

May 22 2017

Under GST, the tax rate for insurance is likely to increase, which will result in an increased premium outgo for the insured Indian middle class.

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Amendments in Motor Vehicles Act to Benefit Insurance Industry

May 18 2017

Liability clause, which is likely to cut down insurance losses have been removed in the new Motor Vehicles Act passed by Lok Sabha.

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Pirated and Outdated Software Not Covered by Insurance

May 16 2017

Losses arising from cyber-attacks such as the WannaCry ransomware will not be covered if you use pirated and outdated software. Know more about it here!

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