The IRDAI has recently revised its guidelines regarding commissions on long-term motor insurance. This move aims to streamline the commission structures, ensuring greater transparency and fairness in the distribution of…
Introduction The liberalization of the Insurance sector and formation of Insurance and Development authority of India in 2000 has completely transformed the Indian Insurance Industry in the last two decades.…
The heat waves broiling tens of millions of Americans can warp roofs, shrivel crops, buckle roads and disrupt power supplies. Much of that damage is hard to quantify-and isn't covered…
In its annual environment report released earlier this month, Google reported a 13% increase in its emissions footprint in 2023 compared with the previous year. The rise was attributed mainly…
The monsoon poses significant risks to vehicles, especially in areas prone to heavy rainfall and waterlogging. The risks increase for vehicles with low ground clearance. It is essential to have…
Union Budget 2024-25 proposes to slash the rate at which tax will be deducted at source (TDS) on life insurance policy pay-outs, to policyholders, and insurance commission payable, to agents,…
Introduction The Master Circular on Operations and Allied Matters of Insurers, issued by the Insurance Regulatory and Development Authority of India (IRDAI) on June 19, 2024, aims to consolidate various…
Reentry into Crop Insurance Shriram General Insurance Company (SGIC) will reenter the crop insurance sector after a seven-year hiatus. The company, jointly owned by Shriram Group and Sanlam Ltd, aims…
Claims Surge Vehicle insurance companies in Pune are overwhelmed with claims from damages caused by potholes and floodwater. The rainy season has led to numerous vehicle issues, including engine breakdowns…
Agriculture Minister Shivraj Singh Chouhan announced that ₹1.6 lakh crore in insurance claims have been paid to farmers under the Pradhan Mantri Fasal Bima Yojana (PMFBY) since its inception in…