Month: April 2024

26th March, 2023 In exercise of the powers conferred by clause (ic) and (jd) of sub section 2 of section 114A, section 40 and section 31B of the Insurance Act,…

24th Apr, 2023 IRDAI vide Circular ref: IRDAI/IT/GDL/MISC/082/04/2017 dated 07th Apr, 2017 has issued guidelines on Information and Cyber Security for Insurers, which were later extended to all Insurance Intermediaries…

Judgment passed by the Supreme Court in the case titled as Ramla vs. National Insurance Company Limited Civil Appeal No. 11495 of 2018, Special Leave to Appeal (C) No.22334 of…

Haris Marine Products Vs Export Credit Guarantee Corporation (ECGC) Limited (Supreme Court)  An interesting issue arose in this case when three judges bench of Supreme Court was called upon to…

ETAP, an African insurtech company, has launched ETAP Takaful, a new ethical car insurance product based on Islamic principles. Unlike conventional insurance, ETAP Takaful is designed to redistribute funds to…

IRDAI has introduced direct plans in insurance from April 1, 2023. The insurance regulator has asked insurance companies - life, non-life and standalone health insurers to devise a board approved…

ACKO General Insurance launched "Extended Battery Warranty" plan, targeting electric vehicle (EV) owners. The policy is designed to boost EV affordability by enabling banks to lengthen loan terms and reduce…

SBI General Insurance, launched a fully customizable digital-only health product 'Health Edge Insurance'. The policy offers a single comprehensive plan with 9 basic indemnity covers and 18 optional covers, allowing…

The ultimate objective of the Insurance practice is to indemnify the insured/business at the time of happening of any uncertain event. The experience of consumers in claim settlement should be…

IRDAI has issued license to new companies Acko Life Insurance Ltd. and  Credit Access Life Insurance Ltd. With these two additions, the total number of  life insurers operating in India…