Chennai Ombudsman Centre Case No.IO(CHN) 11.04.1339 / 2008-09 Mr. G. Vasikaran Vs United India Insurance Co. Ltd Award No.112/2008-09 Mr Vasikaran, a practicing architect, had paid the premium for a…
The Authority Constituted the Committee on Risk Based Capital Approach and Market Consistent Valuation of Liabilities, vide its order Ref No. IRDA/ACT/ORD/MISC/116/06/2016 dated 10/06/2016. The order authorized the committee to…
1. The basic framework for protection of policyholders' interests is contained in the IRDA (Protection of Policyholders' Interests) Regulations 2002 (PPHI Regulations in short). 2. There have been several changes…
It has been brought to the notice of the Authority that Reinsurance/Composite brokers undertake reinsurance transaction between entities that are domiciled in foreign jurisdictions. The Authority is of the view…
The Public Sector Insurers are gearing up for launch of their maiden IPO. All the companies have started the preparatory work and hopefully by the end of the year the…
If you are buying a new car, buying insurance for it is perhaps the last thing on your mind. Plus, the car dealer makes insurance purchase easy by bundling the…
In the past half a decade or so, powered by the increasing penetration of the internet and smartphones, technology companies are dramatically disrupting industry after industry. Customers have started expecting…
Health insurance is one of the fastest growing segment in India but the insurance amount is not sufficient as there is lack of awareness about the amount of sum insured,…
Introduction A fire investigation is an unenviable task. The devastation, charred debris, collapsed structures, water soaked ashes, together with the smoke and stench, makes the task uninviting and seemingly impossible.…
A Non-Participating Unit Linked Endowment Insurance plan. In this policy, the investment risk in the investment portfolio is borne by the policyholder linked insurance products that do not offer any…