Insurance cos get tax evasion summons
The finance ministry has issued summons to about a dozen insurance firms seeking documents pertaining to sale of insurance policies and  commission paid to their field associates as part of…
IRDA Circular: Directions under Section 34 of the Insurance Act, 1938 In the matter of M/s SBI Life Insurance Company Limited
Whereas Clause C-4 of Guidelines on Group Insurance Policies given in Circular No. 015/IRDA/Life/Circular/GI Guidelines/2005 dated 14th July 2005prescribes that there shall be no other payment whether as management expenses…
Max Life Insurance eyeing to sell 5 percent in life insurance Joint Venture with Mitsui
Insurance and healthcare major Max India may divest around 5% in its life insurance joint venture with Mitsui Sumitomo Insurance - Â Max Life Insurance - to long-term foreign financial investors…
Fire Insurance: Basic principles essential to Govern Fire insurance
The basic principles that govern Fire Insurance are:
Motor Insurance is a contract of Indemnity.” Discuss
The principle  of indemnity requires that when a loss arises  under an insurance policy, the loss must be made good in such a manner that financially the insured is neither…
Reliance Life Insurance seeks IRDA nod for two health insurance plans
Leading private insurer Reliance Life has sought approval of the sectoral regulator IRDA for two new health plans and is aiming to  launch them in current quarter. "We have filed…
SBI Life Insurance told to distribute excess payments to policyholders
Insurance sector regulator IRDA has directed SBI Life Insurance Company to distribute the "wrongful" component of administrative charges it paid as reimbursement of group expenses to commission agents to the…
IRDA working on system to improve health insurance service
Insurance regulator IRDA is working on a centralised mechanism to capture health insurance data with a view to improving the service and preventing misuse of medi-claim benefits by hospitals.
Travels Insurance Plan: International Medical Emergency Policy from Max Bupa Health Insurance
Max Bupa’s International Medical Emergency Policy is a health insurance policy that travels with you wherever you go and offers world-class services you can rely on.
Birla Sun Life Insurance Health Plan
Being able to provide the best medical care is of great importance to all of us. Illnesses can strike at any time and paying for medical and hospitalization care from…