Introduction Once risks are identified, the next step in the risk management journey is to assess and prioritize them. Without proper evaluation, businesses risk focusing on the wrong threats—or spreading…
In a massive breakthrough, Sambhal police filed an 800-page charge sheet against 11 accused in a multi-crore life insurance scam. Dubbed the “insurance mafia,” the syndicate faked policies for dying…
Introduction Risk management begins with one of its most vital components—risk identification. Before a business can manage or mitigate threats, it must first recognize and understand them. Risk identification is…
The Insurance Times - April 2025 issue - Ebook Version Please click on the image or link below to view the Ebook version of the Journal - https://online.flipbuilder.com/yojw/jdtb/
No IRDAI/RI/6/213/2025.— In exercise of the powers conferred by Sub-section (2) and (4) of the Section 101A of the Insurance Act, 1938, the Authority, after consultation with the Advisory Committee,…
1. As per para 1.8 a (A) of Chapter 3 of the Master Circular on IRDAI (Actuarial, Finance and Investment Functions of Insurers) Regulations,2024 insurers are allowed as users with…
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…
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…
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…
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…