New India Assurance, ICSI sign MoU
In an effort to provide an exclusive portal for members, students and employees of Institute of Company Secretaries of India, New India Assurance has signed an agreement with ICSI. Under…
Recall and legal action make insurers hesitant over auto, pharma liability covers
The insurance companies have become hesitant over selling product liability in the auto and pharma sector following a number of recalls by auto companies and legal action against Indian pharma…
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…