Tour operator requested payment of Rs. 10L to wife for miscarriage following accident
In what may be the first of these kinds of orders, a motor accident claims tribunal recently ordered a tours and travel company to pay approximately Rs 10 lakh in…
Task Force on the Impact of the DPDP Act is formed by IRDAI.
According to a circular sent by the Insurance Regulatory Authority of India (Irdai) on November 24, a task group has been established to evaluate the potential effects of the Digital…
Theft claim denied due to possible employee involvement
In Sikar, Ajmer VidyutVitram Nigam operated a number of outlets. The products housed in the stores were covered by two policies provided on a floater basis by United India Insurance…
Chairman Panda: IRDAI proposing a body akin to the SLBC
According to Chairman Debasish Panda (pictured), the Insurance Regulatory and Development Authority of India (Irdai) is thinking of establishing a body akin to the state-level bankers' committee (SLBC). Speaking at…
IRDAI increases oversight of brokerage transactions; approvals take longer
The final beneficiaries of share transfers in the insurance broking industry are under closer scrutiny by the Insurance Regulatory and Development Authority of India (Irdai). The approval deadlines have been…
Irdai establishes a commission to boost banks’ involvement in the sale of insurance goods
A high-level panel has been established by regulator Irdai to recommend ways to encourage banks to participate in making insurance products easily accessible throughout the nation. The contribution of the…
In HIFY 24, private general insurers increase their market share to 53.58%.
In the first half of the current financial year, gross direct premium underwritten by private general insurers grew to 53.58 percent, up from 50.81 percent in the same period last…
Private competitors gain market share from PSU general insurers.
Because of the aggressive private enterprises that are stepping up their competitiveness, public sector general insurers have once again lost market share. The total market share of PSU insurers decreased…
95% of vehicle purchasers choose zero-dep cover: Research
Zero-depreciation insurance are now the preferred option for 95% of new automobile buyers, more than ten years after they were introduced. Known as bumper to bumper coverage, this type of…
Executive of insurance company arrested for Rs. 21 lakh fraud
An executive from an insurance company has been apprehended by the detective department. The company is one of the largest in India. Its policy holders had their registered phone numbers…