IRDAI wants to move to a 'use and file' system where insurers can market products without first obtaining an approval from the regulator, stated IRDAI Chairman Subhash C. Khuntia. This…
IRDAI has recently imposed a Rs. 1 crore penalty on Chola MS General Insurance Company stating that the insurer has violated certain provisions of the Motor Insurance Service Provider (MISP)…
The Union cabinet has recently approved amendments to the Insurance Act for increasing the Foreign Direct Investment (FDI) limit to 74% from the present 49%. An official said that with…
Edelweiss General Insurance (EGI) has declared the launch of Edelweiss Group Domestic Travel Insurance in partnership with InterMiles. The product, which is a free cancellation air travel policy, takes care…
Five fraudsters have recently been arrested in Nalgonda, Telangana with the charges of being involved in fraudulent life insurance claims by killing people and projecting the deaths as due to…
The Bombay High Court has recently refused relief to the widow of a private doctor, who died of the Corona Virus, citing that the Rs. 50 lakh insurance cover under…
Uttar Pradesh Chief Minister Yogi Adityanath during the launch of Bandai Dam in Lalitpur, Bundelkhand region said that his government has decided to provide Rs. 2 lakh insurance to labourers…
Tata AIA Life Insurance has recently announced the launch of Tata AIA Life Fortune Guarantee Plus. It is a flexible, non-linked, non-participating savings plan which promises a secure financial future…
The life insurance industry has registered a powerful New Enterprise Premium (NBP) progress of 21% in February, 2021, bucking its current development the place it registered both tepid or damaging…
Digital ledger application KhataBook is exploring new revenue streams, and may start offering credit and insurance products for merchants later this year. It has already started pilots, and will cater…