Month: April 2024

IRDAI has taken a forward-looking step by extending the scope of the "file and use" procedure. This move is aimed at streamlining the regulatory process and facilitating quicker product approvals.…

Calcutta High Court: While dismissing a writ petition filled to challenge the refusal to admit insurance claim, Moushumi Bhattacharya*, J., held that death due to mosquito bite cannot be termed…

National Consumer Disputes Redressal Commission (NCDRC): Dinesh Singh (Presiding Member) while addressing the instant first appeal upheld the State Commission's Order in regard to a claim filed by the insured…

In an interesting case, the National Consumer Disputes Redressal Commission (NCDRC) recently reversed a decision that denied accidental insurance cover to a complainant after the death of his son due…

ICICI Prudential Life Insurance launched a debt fund on Monday which will enable customers to lock-in their investments at current high interest rates, build long-term wealth and achieve financial goals.…

SBI General Insurance, has announced the launch of the General Surety Bond BIMA (Conditional & Unconditional) insurance product on Tuesday. The company said in its release that the Surety Bond…

LIC has announced a new plan for employers who have 50 or more employees. As a part of this scheme titled 'Group Post Retirement Medical Benefit Scheme', employers can help…

Bajaj Allianz Life, has launched an exclusive term plan Bajaj Allianz Life Diabetic Term Plan Sub 8 HbA1c. This is the first of its kind protection plan in the Indian…

Frauds in Insurance Industry in India is not new. It has been a part and parcel of the Industry. According to a research, the Insurance Sector in India loses 30401…

Aegon Life, launched life insurance cover tailored for surrogate mothers and egg-donors, effectively backing their financial well-being. This initiative supports the implementation of provisions in the Surrogacy (Regulation) Act, 2021,…