Frauds in Health Insurance
Abstract Health Insurance is a booming industry across the world and in India it is the most rapidly growing insurance vertical having reached twenty five thousand crore rupees worth of…
Fairfax gets R1 nod from IRDAI
IRDAI has given its initial approval (R1) to another venture Fairfax Financial Holdings owned by Canada-based Indian billionaire Prem Watsa. IRDAI had given a provisional approval to the new…
United India, Oriental to get chairs soon
United India Insurance and Oriental Insurance have been without heads for quite some time, from June last year to be precise. Therefore, the government is taking steps to fill…
LIC grows more in single premiums
Life Insurance Corporation of India’s premium in the first month grew 40% year-on-year (y-o-y) for the nine months ended December 2016. According to the data of LIC the single…
Non- life insurers to increase premium rates
There have been steady losses in general insurance segment due to large claim settlements and other negatives like falling interest rates. To even out the loss, non-life insurers…
INVESTIGATION OF FIRE DEBRIS
INTRODUCTION A fire investigation is an unenviable task. The devastation, charred debris, collapsed structures, water soaked ashes, together with the smoke and stench, makes the task uninviting and seemingly impossible.…
Interview with Ms.Usha Sangwan, Managing Director of LIC
Ms.Usha Sangwan, Managing Director, LIC spoke to Dr. Rakesh Agarwal and Dr. A. K. Chattoraj 1. What is the impact of demonetisation on the insurance industry? Ans. Initially, there…
LIC to hold 15% stake in IIFCL
The government has finally selected India Infrastructure Finance Co Ltd (IIFCL) as the lead promoter of a credit enhancement guarantee fund. The propaganda was announced in the February…
Infosys, Tata war could give rise to professional insurance
After the tug of war between Tata group and the Infosys, fears of legal liability on the professionals have crawled up between the companies. Now companies are turning towards…