Month: June 2024

IRDAI recently abolished age restrictions on health insurance policies marks a pivotal step towards inclusive and comprehensive healthcare coverage. This progressive measure ensures that individuals across all age groups can…

In today's interconnected world, Chief Risk Officers (CROs) face an increasingly complex landscape characterized by global supply chain disruptions, geopolitical tensions, and escalating cyber threats. These challenges necessitate a strategic…

TATA AIG has unveiled India’s first satellite in-orbit third-party liability insurance policy, targeting the specific needs of satellite operators and manufacturers within the country’s rapidly growing space industry. This policy…

M ore than 70% of the global workforce is exposed to risks linked to climate change that cause hundreds of thousands of deaths each year, the International Labour Organization (ILO)…

Senior citizens, even if they are 80 or 90 years old, will now be able to buy health insurance, irrespective of existing medical conditions. This is a huge relief for…

TATA AIG General Insurance, has rolled out Surety Insurance Bonds to support the government’s ambitious agenda on infrastructure development, which has been allocated 3.3 percent of the GDP in FY…

Case title: Hind Offshore Pvt Ltd v. IFFCO General Insurance Co. Ltd. Summary The Supreme Court has ruled that marine insurance policies cannot be held responsible for losses resulting from…

Case Title: IFFCO Tokio General Insurance Co. Ltd. V. Geeta Devi and others., Special Leave Petition (C) No. 19992 of 2023 Summary The Supreme Court has ruled that an insurance…

1. The Insurance Regulatory and Development Authority of India (Corporate Governance for Insurers) Regulations, 2024 (“the Regulations”) were notified on 21st March 2024. The Authority has outlined in general terms,…

1. The Authority has notified the IRDAI (Registration, Capital Structure, Transfer of Shares and Amalgamation of Insurers) Regulations, 2024 (hereinafter referred to as “Registration Regulations, 2024”). In exercise of the…