‘Elevate’ scales new heights
Very rarely does a foreign brokerage firm express views on specific products of companies. So, when Jefferies stated that ICICI Lombard's new health insurance product, Elevate, was a game-changer in…
Legal liability for fraud in digital payments
In the first four months of 2024, Rs. 1,750 crore has been lost to cyber criminals. Victims are being targeted using online investment and trading scams, fake digital arrests, and…
Fire Incident at Textile Manufacturing plant
Introduction In industrial operations, especially those involving hazardous or flammable materials, the potential for fire incidents poses a substantial threat. Fire insurance is a crucial element of risk management in…
Insurance Regulatory and Development Authority of India (Insurance Fraud Monitoring Framework) Guidelines, 2024
Vide Circular Ref. No. lRDA/SDD/MISC/CIR/009/01/2013 dated 21st January 2013, IRDAI issued the extant Insurance Fraud Monitoring Framework to provide regulatory supervision and guidance on the adequacy of measures taken by…
“Pension Plan Needs To Be Read Broadly”: Supreme Court Approves Central Government Service To Be Included In Gujarat Government Employees Pension.
Summary The Supreme Court has ruled that a government servant receives a pension in lieu of their devoted service when awarding a pension to a government employee under the Gujarat…
The Himachal Pradesh State Commission orders Oriental Insurance Co. to pay Rs. 7.9 lakhs for repudiating an insurance claim solely because of delayed notification.
Case Title: Gita Ram Negi vs The Oriental Insurance Company Ltd and others Summary Oriental Insurance Company Limited was held accountable for a deficiency in service by the State Consumer…
TATA AIG targets growth in health insurance with launch of new riders
TATA AIG General Insurance Company has launched five new riders aimed at enhancing the flexibility and coverage of its retail health insurance products. These riders offer more than 60 benefits…
SBI General launches a top up policy with sum insured of Rs. 4 crore
SBI General Insurance has recently launched the ‘SBIG Health Super Top-Up’, a health insurance top-up plan. While a top-up on a health insurance plan covers expenses beyond the base policy’s…
Canara HSBC Life Insurance unveils new plan combining life protection and wealth creation
Canara HSBC Life Insurance has announced the launch of ‘Promise4Future’ – is a non-linked, participating plan that provides policyholders with a combination of life protection and savings. The new offering…
HISTORICAL MARITIME FRAUD GUNFORD: MARINE INSURANCE FRAUD OR PURELY COINCIDENCE!!
Global Maritime trade is affected hugely by the policies of maritime insurance being followed in various nations. An insurance policy is a contract in which an individual or entity (known…