Health insurance portfolio posts growth of 20%
The health insurance segment has reported a growth of more than 20 per cent in premium collection for the third year in a row. In 2017-18, general and health insurance…
Insuring Road for National Development
Infrastructure sector is one of the key drivers globally for country’s economy. The Indian Infrastructure sector has been for long the catalyst for propelling India’s economic growth and hence it…
Max Life Insurance appoints Aalok Bhan as Director & Chief Marketing Officer
Max Life Insurance announced the appointment of Aalok Bhan as the Director & Chief Marketing Officer. In his new role, Aalok will oversee Max Life's product, branding and corporate communication…
Submission of Reinsurance Returns and Programme
01. The Authority has notified the IRDAI (Re-insurance) Regulations, 2018 which stands effective from 1st January, 2019. These regulations are applicable to all Life insurers,General Insurers, Health Insurers, Indian Reinsurers,…
Extreme storms, wildfires and droughts cause heavy nat cat losses in 2018: Munich Re
Munich Re released a report of major losses incurred in 2018. Here is an overview of the losses incurred in 2018:- Overall losses of US$ 160bn were above the inflation-adjusted…
IRDAI cancels E-Meditek’s TPA licence
IRDAI has cancelled the certificate of registration of E-Meditek insurance TPA and further directed that the company will no longer be allowed to do business as a Third Party Administrator…
IndiaFirst Life Insurance buys 9% stake in CSC e-Governance Services
IndiaFirst Life Insurance said it has bought 9% stake in CSC e-Governance Services India Ltd. CSC is an integral part of Digital India initiative of the government under Ministry of…
Clarification regarding electronic form of written mandate for Insurance Brokers
Regulations 27(4), 28(e) and 30(1) & (2) of IRDAI (Insurance Brokers) Regulations 2018 require written mandate from the clients to the insurance broker to represent them for the purposes mentioned…
Health claims in instalments soon: IRDA
The policyholders will soon have the option to receive health and accident insurance claims in instalments rather than a one-time lump sum payment. According to the recommendations of a working…
District consumer forum asks Reliance General Insurance to pay Rs 17.99 lakh to customer
A district consumer forum here has directed Reliance General Insurance to pay around Rs 18 lakh as reimbursement for a car stolen in 2015, while finding it guilty of "deficiency…