India may cut rates over inflation data
India's wholesale inflation cooled to its weakest pace in 10 months in November, a sign the economy may finally be escaping a long period of price pressure and raising the…
Post-Sandy, a surge in flood insurance
Insurance agents and brokers say calls from homeowners inquiring or applying for flood insurance—which isn’t included in standard homeowner’s-insurance policies—have picked up since Sandy hit the East Coast in October.…
Insurance premiums set for major hike from January
The new year is set to bring an increase of 40 to 60 percent to private pension programs and healthcare insurance policies for those who wish to sign new contracts. Pension…
Health insurance set to get innovative
Notwithstanding presence of more than 24 health insurance companies, the Indian health insurance industry is still at a nascent stage compared with global peers. Globally, health insurance providers are much more…
Importance of health insurance for women stressed
Indian women who are not covered by health insurance like in the developed country are becoming unnecessary victims of breast and cervix cancer, said radiation oncologist R.Ramesh.
Insurance Company official sentenced to jail for Insurance Fraud
A sacked divisional manager of a state insurance firm and three others have been sentenced to varying jail terms for clearing bogus insurance claim and duping the firm of Rs…
Life insurance policy sales fall 8.22 pc in FY’12: Government
The government recently said there was a 8.22 per cent fall in the number of new life insurance policies sold during 2011-12 compared to the previous fiscal.
Life Insurance Corporation of India pulled up for returning premium 3 yrs after receiving it
The LIC of India has been pulled up by the apex consumer commission for its failure to issue the policy to a woman in her life time despite receiving the…
Circular No. IRDA/BRK/ORD(REJ)/01/DB 467 dated 23.11.12 Order in respect of M/S Choice Insurance Brokers Pvt. Ltd.
M/s Choice Insurance Brokers Private Limited (the applicant entity) had submitted an application dated 15.02.2010 (the application) under the provisions of IRDA (Insurance Brokers) Regulations, 2002 (the Brokers Regulations) seeking…
Principles of indemnity in Insurance
The objective of the principle is to place the insured, as far as possible, in the same financial position after a loss, as that occupied by him, immediately before the…