Review of revision in premium rates under health insurance policies for senior citizens 1. The IRDAI has undertaken a series of reforms in the recent past reinforcing empowerment of policyholders…
1. Reference is drawn to Master Circular on Protection of Policyholders’ Interests numbering IRDAI / PP&GR / CIR / MISC / 117 / 9 / 2024 dated 5th September 2024…
Advance Loss of Profits (ALOP): A type of insurance covering financial losses due to project delays caused by insured risks. All Risks Policy: A comprehensive insurance policy covering all risks…
India's insurance industry stands at the cusp of transformative change, driven by a series of strategic initiatives spearheaded by the IRDAI, aim to enhance operational efficiency, protect policyholder interests, and…
Life insurance is evolving from a traditional financial product into a flexible, digital-first, and consumer-centric solution. Increased financial awareness, technological advancements, and regulatory reforms are driving this transformation. Consumers today…
Introduction The life insurance industry is undergoing a significant transformation, driven by the adoption of Artificial Intelligence (AI) and Big Data. Traditional underwriting methods relied heavily on lengthy paperwork, manual risk assessments, and standardized criteria, which often…
Introduction [caption id="attachment_27728" align="alignleft" width="108"] Dr. P. Sundara Pandia[/caption] LIC Smart Pension Plan is a single premium, instant annuity plan that provides lifelong financial security through guaranteed pension payments. Ideal…
It is heartening to note that the regulator in India (IRDAI) recently formed a high-power panel to suggest measures for insurance reforms. It is expected to examine various areas of…
“Insurers that succeed in the coming years will be those that recognize talent strategy has the same importance as core business strategy.” -Mckinsey & Co , Transforming the talent model…
UNION FINANCE BUDGET 2025 [caption id="attachment_27709" align="alignleft" width="134"] R. Venugopal[/caption] The Honourable Finance Minister created ripples throughout our country by presenting a highly favourable Union Budget for 2025for the vast…