Insurance Companies asks Nepal to check fraud
International insurance companies have set a deadline for Nepal to clamp down on fraudulent helicopter rescues of tourists or they will stop providing cover. An AFP investigation earlier this year…
Health insurance policies need not cover genetic disorders: IRDAI
IRDAI which had earlier directed insurers to ensure that claims on existing health policies are not rejected based on exclusions for genetic disorders, has put that direction on hold. In…
Nearly 25% premium from new life policies gets lapsed
Despite an increase in their persistency ratios, most of the life insurance companies in India have at least 25% of policyholders who do not pay premium in next year. In…
Home Insurance demand still very low in India
In spite of huge losses caused to home and property due to natural calamities, there are very few buyers for home insurance in India. The premium for home insurance is…
Set Fair for The Next Phase of Risk Management: Marine Blockchain Platform Goes Live
Blockchain - the secure, decentralised and distributed ledger housed on a shared platform - is something that has been discussed by the tech community for a few years now. But…
Health insurance may soon cover dental, infertility, stem cell treatment
IRDAI has removed around 10 items, including procedures such as dental, stem cell, infertility and psychiatric treatment, from the list of "optional cover" for health insurance. IRDAI in a notification…
Steel almirah cannot be regarded as Locked Safe – National Consumer Commission
Jewellers who keep their precious wares in steel almirahs will lose their insurance cover if the items are not kept in a safe with complex locking system. If there is…
LIC, SBI set to provide liquidity to stave off IL&FS crisis
Life Insurance Corporation (LIC) and State Bank of India (SBI) are set to provide liquidity support to the beleaguered IL&FS. According to a report, SBI and LIC are likely to…
Supreme Court rejects insurers’ plea to extend time line on long-term motor policies
Supreme Court has turned down the last-ditch attempt by the general insurers to extend the time-frame for implementing its order on issuing long-term motor policies. After hearing all parties including…
Ayushman Bharat scheme to be integrated with Tamil Nadu Chief Minister’s Health Insurance Scheme
Tamilnadu State government is planning to integrate the Ayushman Bharat scheme with its own health scheme. In 2009, when the DMK was in power the then chief minister M Karunanidhi…