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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

Union Budget 2021: Finance Minister proposed hiking FDI limit in insurance to 74%

February 02 2021

The Government of India has proposed a hike in the limit or cap on Foreign Direct Investment (FDI) in the insurance sector to 74% from the existing 49%. The decision was announced by the Finance Minister of India, Mrs Nirmala Sitharaman, during her budget speech in the parliament on 1st February 2021.

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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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This Is How IRDAI Is Planning to Offer You More Freedom Regarding Health Insurance

July 09 2019

The IRDAI’s proposal of providing the health insurance policyholders with an option to select the TPAs of their choice is expected to result in better service offerings for them.

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Cap on Dealer Commissions to Not Impact Premiums

November 30 2017

The capping of the distribution fees payable to Motor Insurance Service Providers is unlikely to affect the premiums of motor insurance policies

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Sanitary Workers in Ramanathapuram seek Health Insurance Cards

November 15 2017

Sanitary workers approach administration to seek benefits under Chief Minister’s Comprehensive Health Insurance Scheme

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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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MoS for Health Says Health Insurance Infrastructure Must Keep Pace with Sector Growth

November 10 2017

With the health insurance industry seeing significant growth, the government is keen on ramping up infrastructure

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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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Health and Motor Sectors Driving Insurance Growth

October 18 2017

Insurance industry is growing at a rapid pace. This growth is driven by the demand in health, motor and crop insurance

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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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Standalone Health Insurance to Touch ₹20,000 Crore by 2020

October 03 2017

The health insurance industry is witnessing growth on the back of rising healthcare expenses and will touch ₹20,000 crore by 2020

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Crop Insurance Scheme Pushes Insurance Penetration Past 1% of GDP

October 02 2017

Driven by the success of crop insurance, the non-life insurance industry is poised to double its contribution to GDP in next 5 years

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