Need of an agri insurance regulator
The insurance scheme “Pradhan Mantri Fasal Bima Yojana (PMFBY)” insists that insurance firms offering agricultural insurance have to have offices at block levels, whereas, such penetration is non-existent in most…
IRDAI may introduce risk-based capital norms for insurers
An expert panel as appointed by the IRDA has recommended moving to the Risk Based Capital (RBC) Method to fix the solvency ratio of insurers as the present system “is…
How to file complaint in Integrated Grievance Management System
IRDAI has launched the Integrated Grievance Management System (IGMS) in the year 2010. Apart from creating a central repository of industry-wide insurance grievance data, IGMS is a grievance redress monitoring tool for…
LIST OF INSURANCE OMBUDSMAN IN INDIA
Office Details Jurisdiction of Office Union Territory,District) Date Of Taking Charge AHMEDABAD - Shri. / Smt. Office of the Insurance Ombudsman, Jeevan Prakash Building, 6th floor, Tilak Marg, Relief Road, Ahmedabad – 380 001. Tel.:…
Where to file a complaint against Insurance Company
If you are an Individual you can file a complaint against Insurance Company in case they reject the claim or made partial payment to Insurance Ombudsman The Insurance Ombudsman scheme…
Analysis of cargo claims for oil Shortages
The marine underwriters receive cargo claims due to short receipt of liquid bulk cargo although the cargo had been loaded, carried and fully discharged without the fault of the vessel.…
SBI Life launches cancer policy
SBI Life Insurance recently launched ‘SBI Life-Sampoorn Cancer Suraksha’, an individual, non-participating, non-linked health insurance product which helps one to prepare financially upon diagnosis of cancer. The comprehensive cancer insurance…
Global Insurance Buys 26% Stake of Aon
India's Global Insurance Services has bought Aon's entire 26 per cent share in their joint venture Aon Global Insurance Brokers and thus the brand name was changed to Global Insurance…
Insurance Caselaw Quiz Contest – Series 2
A Brush with Insurance Caselets for Professional and Students - Series 2 Prof K.K.Krishnan, Prof.(Dr.) Abhijit K. Chattoraj and Prof. Monika Mittal of Centre of Insurance & Risk Management, BIMTECH…
Health plans presents a promising view for insurance firms
Recently, three companies including ICICI Prudential Life, Birla Sun Life and Aviva Life have launched health insurance products catering to specific illness. Customers can choose the type of cover, either…