Month: June 2024

The Supreme Court has asked Oriental Insurance to pay Rs. 3.5 crore to National Bulk Handling Corporation, which suffered by a fraud committed by its employees. The corporation had taken…

The Supreme Court has directed an insurance company to pay Rs. 1 crore to the mother of a youth who died while sightseeing in a glider in Canada. The youth…

Mr. S.G. Afzal Biyabani, Resident Editor, The Insurance Times (Saudi Arabia) interacted with Mr.S.K.Sethi, founder and CEO of the Insurance Foundation of India for getting his views on Insurance Frauds.…

1. Probus Insurance began its journey in 2002. How do you see the growth of your company from 2002 to 2020? Response: The growth trajectory has been memorable since the…

Q1. What are the top five risk in your Organization? External Market (perception risk) –Credit / Liquidity Crisis Impacting one of the JV Shareholder – creating negative perception – hopefully…

Damage to property because of heavy rainfall is included in the definition of ‘flood’ and ‘inundation’ in the general insurance policy, the Supreme Court has ruled, rejecting the argument of…

Settling differences between two judges on the question of consequences of delay in informing theft of a vehicle to the insurance company, the Supreme Court has ruled that such delay…

Reference is invited to the Circular Ref. No. IRDAI/HLT/REG/CIR/054/03/2020 dated 04th March, 2020 wherein all insurers were advised to expeditiously handle the health insurance claims pertaining to COVID 19. Reference…

Further to Circular Ref: IRDAI/NL/CIR/MOT/079/04/2020 dated 2nd April, 2020, it is hereby informed that the Department of Financial Services, Government of India has issued Notification dated 15th April, 2020 wherein…

This circular is issued further to the Press Release dated 23.03.2020 as an addendum. *Additional Time allowed for filing Regulatory Returns as at 31.03.2020 a) Half-Yearly and Yearly Returns: 30…