IRDAI Directs Insurers to Strengthen Cyber Readiness
1. In today's digital age, any cyber incident and / or crisis pose significant threats to organizations and therefore it is crucial to be prepared to respond effectively to prevent…
Commission Upholds Refund for Mis-Sold Insurance
During the discussion, the agent assured Singh that he would need to pay a one-time premium only and that, 18 months later, he would receive promising returns. Singh fell for…
12 states and counting: ‘Death insurance’ scam probe widens
Trilok Kumar died twice in six months. That is confirmed by official records from two govt institutions. The insurance payout came twice, too. Days after uncovered an elaborate insurance scam…
Gujarat HC Holds Insurer Liable Despite Driver Lacking Valid Licence
An insurance company is liable to pay compensation in an accident case involving a truck driver without a proper licence if it fails to establish negligence on part of the…
NCDRC Upholds Claim Rejection Over Non-Disclosure
Case Title: Sushila Singh vs. Birla Sun Life Insurance Co. Ltd. and Anr. Summary The National Consumer Disputes Redressal Commission (NCDRC) dismissed an appeal against Birla Sun Life Insurance Co.…
Bombay HC: Insurer Liable If No Cancellation Notice
Case Title - HDFC ERGO General Insurance Company Ltd. v. Nayajoddin Nijamuddin and Ors. Summary The Bombay High Court has ruled that an insurance company can retain liability under the…
What is Risk Management? A Beginner’s Guide
Understanding the Concept of Risk What is Risk in Business and Projects? Risk is essentially the possibility of an undesirable event or outcome that can impact goals, operations, or resources.…
Fixing senior citizen health insurance pricing beyond the premium caps
The Insurance Regulatory and Development Authority of India (IRDAI) has capped annual health insurance premium hikes for senior citizens at 10%, offering much-needed relief to an age group often hit…
Government weighs 50-yr bonds to deepen insurance market
The Indian government may consider issuing 50-year on-tap bonds in the next fiscal (FY26), in a bid to encourage insurance companies to subscribe and better manage their business, two people…
Safety Measures to Prevent Fire Accidents in Industries
Introduction In today's hyper-connected world, the line between physical and digital spaces is rapidly blurring. While digital advancements have revolutionized communication, commerce, and banking, they have also opened the floodgates…