Government to soon launch social security insurance scheme
A social security insurance scheme for the unorganised sector is likely to be the next big announcement the government will make as part of its inclusive politics agenda in the…
Insurance density falls for first time in India: IRDA
The Insurance Regulatory and Development Authority (IRDA) said that since opening up of Indian insurance sector for private participation, India has reported a fall in the insurance density for the…
IRDA for insurers opening 25% of new offices in smaller areas
Insurance sector regulator IRDA has proposed to make it mandatory for insurers, who have been in business for 10 years, to open at least 25 per cent of new offices…
Edelweiss Tokio Life Insurance to pump in Rs 1,000 cr capital in 5 yrs
Edelweiss Tokio Life Insurance, a 74:26 JV between Edelweiss Capital and Tokio Marine, plans to infuse Rs 1,000 crore capital in the next five years to fuel its business.
Paradox of Unlimited Compensation – Either Bonanza or Pittance but not equitable
Abstract Good intentions cannot justify bad delivery. Despite the fact that putting monetary value on human life is ethically unacceptable, there is a great deal of debate and discussion in…
Various Types of alarm systems used for fire fighting
Mechanical device for signalling the occurrence of an unwanted condition, such as a fire, burglary, or the unnecessary activation of a fire-suppression system so that a corrective action may be…
Why Motor Third Party Insurance in compulsory in India
Section 146 of the Motor Vehicles Act, 1988 provides that no person shall use ( except as a passenger), or allow any other person to use, a motor vehicle in…
Perils covered under the Fire insurance policy
The following are covered under the Fire Policy in India :
ONLINE INSURANCE FRAUD TRAINING COURSES
Health insurance fraud is described as an intentional act of deceiving, concealing, or misrepresenting information that results in healthcare benefits being paid illegitimately to an individual or group. The main…
EXPOSURE DRAFT ON INSURANCE REGULATORY AND DEVELOPMENT AUTHORITY (Places of Business) REGULATIONS, 2012
On reviewing the existing Regulatory procedure in vogue for according approvals to insurers for opening various places of Business in accordance to the provisions of Section 64 VC of Insurance…