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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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Are We Better Than The Americans in Detecting Insurance Frauds?

November 30 2018

A survey done by the Trans Union CIBIL Fraud Trend shows that the finance and insurance companies in India are twice more likely to detect frauds than their USA counterparts.

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17 Aliments to be Excluded from Medical Cover, Suggests IRDAI Panel

November 03 2018

An IRDAI constituted panel has suggested a list of 17 ailments to be permanently excluded from a health insurance policy.

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Indian Insurers are Lining Up to Offer A Wide Range of Protection from Cyber Threats

November 02 2018

Insurers are all set to roll out cyber insurance policies for individuals to protect them from a range of cybercrimes.

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Car and Bike Owners Can Now Choose the Tenure of Their Accident Insurance

October 11 2018

A circular issued by IRDAI gives vehicle owners the flexibility to choose their own personal accidental cover tenure.

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PoS Okayed for Distribution of All Micro-Insurance Products

October 01 2018

IRDAI grants all micro-insurance distribution through point of sales

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IRDAI Mandates ₹15 Lakh Accident Cover for All Vehicles

September 24 2018

IRDAI declares accident cover for motor owner-driver

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ICICI Lombard First to Launch AI Automated Health Insurance Claims

September 20 2018

With AI, ICICI Lombard expects to bring down turnaround time for health insurance along with automating the entire process

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IRDAI to Encourage Innovation in Insurance, Sets Up Committee

September 20 2018

IRDAI to follow a ‘Regulatory Sandbox Approach’ for Insurance and financial technology innovations

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Indian Insurance Industry Expected to reach US$280 billion by 2020

September 14 2018

Premium collection and insurance penetration, both have been growing over the last decade

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Free Travel Insurance No Longer Mandatory in Online Railway Ticket Bookings

September 12 2018

Travel insurance will have to be manually selected in online bookings from now on, and it’ll be a paid service

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