EDITORIAL INSURANCE TIMES FEBRUARY 2017
The Finance Minister presented the budget for the fiscal year 2017-18 on the 1st February 2017. This is the first time in Indian history in the last 100 years that…
Is it preferable to buy a multi-year insurance policy for two-wheelers?
Are you one of those who tend to forget to renew your vehicle's insurance policy? You are not alone, as far as not having mandatory insurance is concerned. "Almost 75%…
Mixing insurance with investments?
Financial planners often advise that mixing insurance with investment is a strict no. But in some cases, it may work as well. We are talking about the life insurance being…
Filing of Returns for Foreign to Foreign Reinsurance Transactions
It has been brought to the notice of the Authority that Reinsurance/ Composite brokers undertake reinsurance transactions between entities that are domiciled in foreign jurisdictions. The Authority is of the…
IRDAI Clarifies: No Old Notes Accepted for Life Insurance Premiums
Reference is drawn to the Circular Ref: IRDA/ACTL/CIR/ULIP/236/11/2016 dated 25th November, 2016 on "Extension of grace period for payment of renewal premium of life insurance policies in light of recent…
Appointment of consultant for IRDAI grievances Call Centre (IGCC) on contract basis
IRDAI is looking for a suitable person to work on contract basis to oversee its call centre operations in addition to assisting the Authority with the periodical audit of the…
IRDAI Clarifies TPA Regulations
Reference is invited to the provisions of IRDAI (Third Party Administrators - Health Services) Regulations, 2016. Under the powers vested with Regulation (27) of these Regulations, the following clarifications are…
Claim Delayed Due to Lack of Cooperation; Insurer Directed to Settle as Per Final Survey
Chennai Ombudsman Centre Case No. : IO (CHN) 11.05.1200/2007 - 08 Smt. Sri Padma Priya Vs The Oriental Insurance Co. Ltd The Complainant Smt Sri Padma Priya had obtained motor…
BASIC & SALIENT FEATURES OF AVIATION INSURANCE FOR THE PROMOTIONAL EXAMINEES FOR SCALE 1-5
Aviation Insurance is the insurance coverage specifically for the operation of aircraft and the risks involved in it. It was first introduced in the early 20th century. The first-ever aviation…
EXPECTATIONS FROM UNION BUDGET 2017-18 FOR THE INSURANCE SECTOR
I. Introduction In the last two years, Government has taken a number of new initiatives, like increase in FDI limit, accidental insurance benefits to Jan Dhan Accounts, insurance at a…