Month: October 2017

MN Sarma, Director and General Manager of United India Insurance Co Ltd, has been appointed as the company’s CMD. Before being posted to United India, Sarma was MD & CEO…

A compensation of more than Rs. 24 lakh has been awarded to a motorcyclist who surrendered 75 % disability in his left leg after being hit by a vehicle on…

During monsoon, it is quite a common insurance claim against car engine seizure and at the same time, it is also one of the most disputed because insurers reject out…

An auto policy endorsement for rideshare drivers was launched by PEMCO Insurance Company. The rideshare endorsement enables drivers to use their personal auto policy to fill coverage gaps and enhance…

HDFC Life Insurance Co. Ltd. recently filed its draft red herring prospectus (DRHP) with the Securities and Exchange Board of India to sell a 14.97% stake via IPO. On 17…

New India Assurance, Royal Sundaram and Universal Sompo were the leaders in claims settlement ratios in the non-life industry, representing the number of claims settled during a period out of…

Bajaj Allianz General Insurance plans to focus on event insurance in the southern market. About 200 event insurance policies this year, of which 50 % were for festivals, reflecting a…

Reinsurance broker JLT Re recently announced joining of Stephen Balderston in its Credit and Political Risk team as a partner, once the contractual obligations from current employer, Guy Carpenter is…

ABSTRACT Insurance in India started in the year 1818, with the starting of  Oriental Life Insurance Company by Anita Bhavsar in Kolkata to cater to the needs of European community. …

Ref: IRDA/IT/CIR/MISC/232/10/2017                                                           …