MACT orders HDFC ERGO General Insurance to pay Rs.24.60 lakh as compensation
The parents of a 38-year-old woman, who was killed in a road mishap, have been awarded Rs 24.60 lakhs as compensation by a motor accident claims tribunal.
Consumer Disputes Redressal forum directs Oriental Insurance to pay for deficiency in insurance claim payment
Oriental Insurance Co Ltd has been directed by a consumer forum here to pay Rs 60,000 over a claim to a policy holder for not fully reimbursing the medical expenses…
RBI hurdle for banks entering into insurance broking
Banks may not immediately get to sell products of multiple insurance companies as the Reserve Bank of India is not very keen on them being exposed to new risks.
FINANCE MINISTER,P CHIDAMBARAM ANNOUNCES SLEW OF MEASURES TO BOOST INSURANCE INDUSTRY
Following is the text of the Statement  on issues concerning  the  life insurance industry made  by the Union Finance Minister Shri P. Chidambaram while addressing the media persons: “ On September 4,…
Fine Prints you must watch out while buying a Health Insurance (Mediclaim) Policy
Here is a gist of fine prints which you must watch while purchasing a health insurance policy. 1. No pre existing diseases will be covered. The General Insurance Council of…
Problem of Black Money in India
Twin issues of corruption and black money have attracted unprecedented public attention in thepast few months in India. Political debates in Parliament and outside, media news and campaigns, public demonstrations,…
PROPOSED AMENDMENTS TO ISSUES PERTAINING TO OUTSOURCING OF SURVEY WORK – IRDA EXPOSURE DRAFT FOR INSURANCE SURVEYORS
Actions proposed to be taken by IRDA in the Exposure Draft for Insurance Surveyors (a) Outsourcing of survey work is prohibited, being a core activity as per Outsourcing Guidelines issued…
PROPOSED AMENDMENTS TO ISSUES PERTAINING TO CATEGORISATION – IRDA EXPOSURE DRAFT FOR INSURANCE SURVEYORS
Actions proposed to be taken by IRDA in the Exposure Draft for Insurance Surveyors The present system of A,B,C categorization will be replaced with standard system of: - Licentiate, Associate…
PROPOSED AMENDMENTS TO ISSUES PERTAINING TO MEMBERSHIP OF IIISLA – IRDA EXPOSURE DRAFT FOR INSURANCE SURVEYORS
Actions proposed to be taken by IRDA in the Exposure Draft for Insurance Surveyors Membership of IIISLA must be made compulsory for all surveyors who wish to obtain a license…
Insurance Institute of India announces seminar on Marine Cargo and Hull Insurance: Keeping Afloat
III Seminar  “Marine Cargo and Hull  Insurance: Keeping Afloat†falls under the ‘Look Deep’ (LD) Category of III Seminars. LD Seminars are conducted by III’s College of Insurance on  specific…