Focus on customized shrine covers post Uttarakhand
Though a few of the temples in Uttarakhand have opted for a comprehensive insurance cover, insurers are hopeful that the customized covers will witness a rise with the recent flashfloods.…
New India Assurance offer discount on third party motor insurance bought online
In a bid to encourage customers to buy third-party motor insurance policies through its website the New India Assurance Company Ltd. will offer a discount of 5-10% on premiums for…
CNG cab & auto drivers now under insurance scheme
Drivers of CNG cabs and auto rickshaws in the national capital and its adjoining areas will now be under group insurance scheme. The scheme recently approved by Oil Minister M…
Uttarakhand power plants doubtful of getting insurance claims
Private hydel power projects in Uttarakhand facing a shutdown due to floods are worried over the fact whether they would be able to recover their losses from insurance companies. The…
Democrats worried with youngsters refusal to buy health cover under Obamacare
It is a cause of concern - as when people find their premiums are almost double, will prefer to remain uninsured and then buy cover only when needed. Under The Affordable…
New portability rule brings little change in health insurance
The introduction of portability in life insurance by the IRDA two years back has ushered in little changes in medical insurance. Amarnath Ananthanarayanan, chief executive officer of Bharti AXA General Insurance,…
Cabinet likely to set up disaster labs
The Cabinet Committee on Economic Affairs is likely to take up an Rs 600-crore proposal to establish a network of 107 laboratories, in the 12th Five-Year Plan (2012-13 to 2016-17), for…
August date for bancassurance guidelines: IRDA
Sudhin Roy Chowdhury, Member (Life) IRDA recently said that the final guidelines on bancassurance are likely to be out in the month of August.. "We have debated and redebated and now…
Courier firms make false insurance claims: IRDA
IRDA has recently cautioned public that claims of insurance cover made by courier companies are false, as these firms do not have the permission or authority to offer insurance cover. The…
IRDA amends guidelines to stop switching from one plan to another of the same insurer
The same insurer cannot switch from one plan to another, as per the amended guidelines by the IRDA on standardisation in health insurance. Deductible-a cost-sharing requirement under a health insurance…