Concept of Reinstatement value in Insurance
This is the value at which the damaged property can be reinstated or replaced by a similar property, without deducting depreciation. Agreed value is also sometimes mutually agreed upon by…
Rights of third parties against insurers in Motor Insurance on insolvency of the insured
Sec 150 of Motor Vehicle Act, 1988 provides for the rights of Third parties in the event of the insolvency of the insured or in the event of winding up…
Various acts relating to General Insurance Business in India
Various legislations and acts influencing transaction of general insurance business in India and also loss minimization and risk management :
Employees of four banks unions go on strike
A section of public sector bank employees have gone on nation-wide strike to protest the Banking Laws (Amendment) Bill, partially affecting normal banking operations in some banks. Employees of four…
State Bank of India may test Rs 2475, says Manghnani
State Bank of India (SBI) may test Rs 2475 and JP Associates has trading target of Rs 115, says Anil Manghnani, Modern Shares & Stock Brokers.
Reserve Bank of India to conduct Financial Outreach camp
The Reserve Bank of India will organise a Financial Outreach Camp later this month at Assam's Darrang district as part of its initiative to bring the people of remote areas…
Swiss Re sigma preliminary estimates for 2012
According to Swiss Re sigma preliminary estimates, total insured losses from natural catastrophes and man-made disasters will reach approximately USD 65 billion in 2012. Natural catastrophes alone will lead to…
China’s social insurance funds top 2.98 trln yuan
The accumulated balance of China's social insurance funds topped 2.98 trillion yuan (480.94 billion U.S. dollars) by the end of 2011, according to official data released.
RSBY health insurance scheme launched in Arunachal
The Rashtriya Swasthya Bima Yojana (RSBY), a health insurance scheme of the Centre for people living below poverty line was launched today in Arunachal Pradesh. The programme was launched by…
Insurance group raps Toyota Motor Corporation in new crash test
Toyota Motor Corp's best-selling 2013 Camry received a "poor" crash-test rating on recently from an insurance industry group that awarded high marks to Honda Motor Co's redesigned Accord sedan.