Background Insurance Companies in India are to keep reserves to meet the future liabilities, these reserves are kept based on prudential regulatory norms. However, regulators also prescribe additional money that…
DRONE is popularly known as an abbreviated form of Dynamic Remotely Operated Navigation Equipment. A UAV is defined as a "powered, aerial vehicle that does not carry a human operator,…
GIC Re successfully completed its maiden IPO which was subscribed to the extent of 1.90 times. This will increase the visibility of the company among the masses. Newindia Assurance has…
According to news reports, floods have affected more than 34 million people across 280 districts and caused more than a thousand deaths over the past year. Such devastation happens during…
Clarifications on Guidelines on insurance e-commerce and electronic issuance of insurance policies The Authority as part of its developmental mandate and to reach out to the policyholders in a cost…
(i) Non-participation/ unsatisfactory participation of certain insurance companies in Lok Adalats/MACT (ii) Servicing of policy holders. This is issued in accordance with the power vested under Section 34 of Insurance…
Clarification on Aadhaar based e-KYC 1. Authority vide circular dated 21st October, 2013 and AML Master Circular dated 28th September, 2015 allowed Aadhaar based e-KYC service offered by UIDAI for…
Ahmedabad Ombudsman Centre Case No. OIC / 1 / 153 Mr. Harish N. Gohel Vs. Oriental Insurance Co. Ltd. Complainant lodged a Claim of Rs. 1,69,700/- towards loss sustained to…
Ahmedabad Ombudsman Centre Case No. NIA / 1 / 166 Mr. Dhiren C. Shah Vs. The New India Assurance Co. Ltd. There were four Claims under 4 different Policies. Out…
Ahmedabad Ombudsman Centre Case No. NIA / 1 / 279 Mr. Ashok H. Suthar Vs. The New India Assurance Co. Ltd. Claim under Householders’ Insurance Policy. The Complainant's Tenement was…