Disbursal of claims under the Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY), which offers death coverage due to any reason, shot up by 438 per cent in 2021-22 to 340,192,…
Telematics insurance is a type of auto insurance that uses technology to track and analyse driver behaviour, such as speed, braking, distance, and other driving patterns, in order to determine…
The Insurance Regulatory & Development Board of India (IRDAI) has removed the limit on commission payments to be made to agents, brokers, and other intermediaries of both; life and non-life…
Investigations by the income tax and goods and services tax authorities against 30-odd insurance companies over transactions worth more than 60,000 crore will continue despite the sector regulator announcing new…
The Supreme Court has set aside the order of a Securities Appellate Tribunal (SAT) where the tribunal had made strong comments about the insurance regulator in a dispute involving insurance…
India—home to the world’s deadliest roads—plans to extend its marquee Incident Management Services (IMS) to all national highways to reduce road fatalities and improve safety for road users. The ministry…
The General Insurance Council, the industry body of non-life insurers, is working towards creation of a common empanelment platform for hospitals . The objective of the platform is to make…