Editorial IT November 2019
Govt. has taken steps to bring health scheme on common platform wherein The National Health Authority (NHA) has tied up with Employees State Insurance Corporation (ESIC) for interoperability with PMJAY…
Working Group on Revisiting Guidelines on Trade Credit Insurance
1. The Authority had revised the Guidelines on Trade Credit Insurance on 10th March, 2016 vide Circular Ref: IRDAI/NL/CIR/CRE/044/03/2016, considering the changes in economy and the enhanced need for trade…
Royal Sundaram integrates with IRCTC, through the INSILLION Insurtech platform
INSILLION, a leading Insurtech SaaS platform, has announced a significant partnership that will transform the way travel insurance is delivered. Royal Sundaram General Insurance (RSGI), a prominent Property & Casualty…
Truecaller Partners with HDFC ERGO to Launch Fraud Insurance
Truecaller, the world’s leading global communications platform, in collaboration with HDFC ERGO, India’s leading general insurance Company, is proud to announce the launch of Fraud Insurance, an initiative aimed at…
Claim can’t be denied for an old machine
Abrol Engineering had taken a policy of Rs 40 lakh from New India Assurance to cover a CNC machine made by DMG Deckel Maho Gildemister. During the tenure of the…
Claim can’t be rejected on mere suspicion
Oswal Plastic Industries had taken a fire and special perils policy from New India Assurance to cover its industrial establishment. The policy was issued on June 27, 2009. The sum…
Penalty on LIC for negligence
Penalty on LIC for negligence LIC has been found guilty of deficiency in service by keeping the money of a consumer for five years without issuing a policy. In this…
IRDAI Bars Insurers from Advertising ULIPs as Investment Products
The Insurance Regulatory and Development Authority of India (IRDAI) has issued a directive that prohibits insurers from advertising unit-linked insurance policies (ULIPs) as investment products. This regulation is part of…
LIC Warns Policyholders About Fraudulent Offers to Buy Their Insurance Policies
Life Insurance Corporation (LIC) of India has issued a stern warning to its policyholders regarding fraudulent offers to buy their existing insurance policies. This advisory comes in response to rising…
LIC to Enter Health Insurance Market via Private Health Insurer
Life Insurance Corporation (LIC) of India, the country’s largest life insurer, is set to enter the health insurance market by collaborating with a private health insurer. This strategic move marks…