Month: May 2024

Mr. Rajeev Kumar, the complainant has stated that two claims for treatment of his wife had not been settled by the insurance company till date. Aggrieved, he had requested the…

Reference is invited to IRDAI Circular ref: IRDAI/HLT/REG/MISC/199/07/2021 dated 23rdJuly, 2021 on the captioned subject with respect to the standards and benchmarks at clause (a)(i) and (ii) and clause (b)…

IRDAI has been buzzing with activities off late. The new chairman has been quite proactive in presenting a roadmap for the industry to increase the penetration and reach out to…

There has been a lot of buzz in Insurance Industry in last few months after new IRDAI chairman took over. Do you think Insurance Industry is poised for transformation in…

Background The growth of chemical industries has led to an increase in the risk of occurrence of incidents associated with hazardous chemicals (HAZCHEM). A chemical industry that incorporates the best…

This is further Circular Ref: IRDAI/NL/CIR/MISC/107/06/2022 dated 01/06/2022 with regard to Product Filing Procedure. In order to facilitate the insurance industry to promote insurance penetration and enhance coverage in the…

Our Resident Editor (MENA) Mr. S. G. Afzal Biya Bani interviewed Dr. Mohammad Al-Suliman (NAJM-CEO) in person at SIS, Four Seasons Hotel, Kingdom Tower, Riyadh, Saudi Arabia. Overview of NAJM …

Here is a new feature that most life insurers now offer: salary protection insurance. This is a term insurance policy that typically offers a regular income payout option along with…

“The rejunivated IRDAI under the chairmanship of Mr. Debasish Panda has committed to enable ‘Insurance for All’ by 2047, where every citizen has an appropriate life, health and property insurance…

While the industry is preparing for next phase of reforms in insurance industry we need to ponder if we are ready with the infrastructure to support version 2 of reforms…