Mr.M.G.Diwan – A tribute by BIMTECH
An eventful era of accomplishments came to an end with the death of Mr. Mukund G. Diwan – the doyen of Indian insurance industry. As an institution builder par excellence…
Malay Kumar Poddar is the new Chairman Cum Managing Director of Agriculture Insurance Company of India
Malay Kumar Poddar joined as Chairman-cum-Managing Director of Agriculture Insurance Company of India Limited on 18th December 2019. He started with General Insurance Corporation of India (GIC), Mumbai, as a…
LEGAL PRINCIPLES OF BURGLARY INSURANCE
Definitions, meanings and offences relates to property and others in the Indian penal code: Indian Penal code Section 378 defines Theft as : “Whoever, intending to take dishonestly any moveable…
More women will use health insurance when it covers IVF
According to a new study, when insurance covers in vitro fertilization, more women struggling will use the method to improve their chances of having a baby. Researchers found that when…
LIC gives nod to policyholders to revive their policies
LIC has permitted its policyholders to revive their policies which have been lapsed of over 2 years, in a bid to help improve persistency ratio. In an official statement, LIC…
IRDAI says surveyors not required for motor, aviation, health policy claims
IRDAI has recently stated that licensed surveyors are not necessary for settling any claims in the line of business (LoB) like claims under insurance policies inclusive of travel and personal…
Travel insurances evolve to cover new set of risks
Keeping the way Indians travel in mind, insurance companies are customising policies with the aim to meet their requirements. The insurers are designing the covers keeping in mind the traveller’s…
Health insurance startup Alan introduces 4 new verticals
France based insurance startup Alan has announced new products, international expansion plans and a brand refresh. The company also announced plans to overhaul some of its tech stack to improve…
Reliance Nippon Life expects to achieve double-digit growth in next 5 years
Reliance Nippon Life Insurance has recently said that it anticipates double-digit growth within the next five years. Ashish Vohra, Chief Executive Officer, said, "The recent sluggishness in the premium growth…
How utmost is Utmost Goodfaith in Insurance Contract?
Abstract Of late, the Supreme Court of India in a couple of judgments has re-affirmed the sublime importance of the principle of “utmost goodfaith” and reinforces the viewpoint that amongst…