Motor Accident claim
A motor accident claims tribunal has awarded over Rs. 16 lakh to the mother of a 30-year-old man killed in an accident involving a truck in Delhi three years ago.…
IRDAI caps insurers’ payment to Motor Insurance Service Providers
IRDA has issued a new regulation, bringing to an end the old practice of general insurance companies paying extra commission to automobile distributors for selling their policies. Insurance Regulatory &…
How to Conquer Chronic Non-Communicable Diseases ?
The incidence of non-communicable diseases in India is overtaking communicable ones. Diabetes seems to be the king of all. In a first of our ‘Stay Healthy with Raheja QBE’ series,…
New India reports 187% rise in Quarter 2 profit
New India Assurance Co, has reported a 187 per cent increase in net profits for the second quarter ended September 30 at Rs.748 crore. This was its first results announced…
LIC to to stop sale of Jeevan Akshay
Life Insurance Corporation of India will stop selling the popular annuity product Jeevan Akshay from next month, as falling interest rates has made it impossible to sustain returns at the…
Impact of Healthcare Acquired Infections on Length of Stay and Treatment costs
Abstract Healthcare-associated infections (HCAI) are infections that patients acquire during the course of receiving treatment for other conditions within a healthcare setting. HCAI are preventable complications occurring with varying but…
Uninsured depositors likely to get preference over other creditors
A proposed Financial Resolution and Deposit Insurance Bill (FRDI), which is aimed at orderly resolution of bankruptcies in the financial services sector, includes a special high-risk deposit instrument, regulatory supervision…
Finance Ministry confirms LIC’s Rs. 1.5L-crore railway funding
Life Insurance Corporation of India can now go ahead with its proposed Rs 1.5 lakh crore funding of the Indian Railways, with a finance ministry clarification effectively nullifying the Irda’s…
IRDAI panel to review norms for investment in Government Bonds
Insurance Regulatory and Development Authority has constituted a committee for reviewing norms that require 50% of the funds mobilised from traditional life policies to be invested in government bonds. According…
High Court issues notice to Centre for interest payable in accident claims
The Bombay High court has issued notice to the attorney general seeking the Centre's response on a petition challenging tax on interest paid on compensation to accident victims. The direction…