GIC Re gets ONGC reinsurance contract
GIC Re has got the contract for the reinsurance of Oil & Natural Gas Corporation’s Offshore Package Policy programme 2018-2020. ONGC is the nation’s largest oil exploration and production company…
Low cost gives it the Advantage
HDFC Click2Retire is cheaper than other pension ULIPs as there are no premium allocation or policy administration charges Pension ULIPs offered by insurance companies are tailored to the needs of…
ICICI Lombard focussing on forensics to detect fraud
ICICI Lombard is planning to use forensic methods to detect fraud in claims by customers, in the backdrop of rising incidents in this regard and loan defaults. Lokanath Kar, its…
Addendum to Office Order – Term Extension of Committee for Grant of Charter status to IIISLA
Further to Office Order No. IRDA/Sur/Misc/ORD/262/11/2017 dated 4th December 2017 in respect of Constitution of the committee with regard to grant of Charter status to IIISLA, it has been decided by…
PIL filed against Centre’s crop insurance plan
Bhartiya Kisan Sangh has filed a PIL with the Gujarat High Court, to quash Clause 2 of the crop insurance scheme, which makes crop insurance mandatory for farmers, besides seeking…
Designating Central Public Information Officer under the Right to Information Act, 2005
Ref: IRDAI/HR/ORD/PER/199/08/2017 dated 28-08-2017, Shri Deepak Gaikwad, Deputy General Manager (HR), is hereby designated as Central Public Information Officer in terms of Section 5(1) of the Right to Information Act,…
CBI registers FIR against Deccan chronicle for cheating United India Insurance
Central Bureau of Investigation has filed an FIR against Deccan Chronicle Holdings Ltd, its Chairman T Venkatram Reddy and others for allegedly cheating the United India Insurance of Rs 30.54…
HOW INSURANCE BROKERS VIOLATE THE IRDAI REGULATIONS ?
The demand for insurance Brokers is growing steadily in the industry. Unlike insurance agents, who represent the insurer, an insurance broking firm is supposed to represent the customer; hence, they…
Goldman may acquire stake in Royal Sundaram General Insurance
Goldman Sachs is in talks to acquire a stake in Royal Sundaram General Insurance Co. Ltd, through one of its private equity funds as per sources. “Royal Sundaram has been…
Health cover for all can be a reality
In Budget 2018, the government had made a few announcements. (a) On a National Health Protection Scheme (NHPS) providing insurance cover of Rs.5 lakh per family; (b) Having an initiative…