Month: June 2024

Most health insurance policies in the market offer built-in backup plans for policyholders in the form of ‘restoration’ benefits. In this feature, the insurer fully reinstates the original sum insured…

National Consumer Disputes Redressal Commission (NCDRC): C. Vishwanath (Presiding Member), held that since the Insurance Company itself insured the complainant's vehicle and the vehicle had been stolen during the currency…

Chhattisgarh High Court: A Division Bench of P. R. Ramchandra Menon and Parth Prateem Sahu JJ., allowed the appeal and modified the impugned award. The facts of the case are…

Excerpts of Interview with Mr Satyajit Tripathy, General Manager, GIC Re with Dr Rakesh Agarwal, Editor The Insurance Times About Mr Tripathy Satyajit Tripathy, is the General Manager and manages…

The Editorial team of The Insurance Times wishes a very very Happy New Year to its Subscribers, Advertisers, Authors, Printers, and all the Vendors and associates for the New Year,…

The Supreme Court has very recently decided an important question of law that death due to malaria inflicted by mosquito bite is not an accident which will have a wide…

A: Preamble: It is observed that during the last few years, there has been an increased customer preference towards pure term life insurance products. In line with this growing demand,…

COVID 19 cases are rising in India on a daily basis which is a cause of grave concern. Looking to the population of the country it was expected that once…

Buying a new health insurance cover has become tough following the mass spread Covid19 in the past few months. Insurance companies were apprehensive to offer a health insurance policy to…

1.Attention is drawn to Clause 7 of Section C of Guidelines on Standard Individual Health Insurance Product (Ref: IRDAI/HLT/REG/CIR/001/01/2020 dated 01.01.2020) wherein General and Health insurers are allowed to offer…