CRITICAL ILLNESS INSURANCE
Critical illness Definition Critical illness is a serious health condition that has a debilitating effect on an individual's lifestyle and requires a considerable amount of money towards treatment. It may…
BASICS OF ENTERPRISE RISK MANAGEMENT
Risk management is not a subject that gives a product with a clear price tag sold in the market such as life insurance, health insurance, general insurance, pensions etc. Such…
CONSTRUING AMBIGUITIES IN FIRE POLICY EXCLUSIONS
Why this article: Property (Material Damage) insurance, more traditionally known as Fire Insurance, is a basic insurance cover used by a huge number of customers. The promise of true protection…
Editorial Insurance Times July 2017
IRDAI for the first time since it came into being took a strong decision by appointing an administrator to take over the charge of Sahara Life for its mismanagement. Insurers…
Clarification on Regulation 6(d)(ii), 6(e)(ii) and 5(f) of the IRDAIs (Payment of commission, remuneration or reward to insurance agent or insurance intermediaries) Regulations
Attention is drawn to Reg 6(d)(ii) and 6(e)(ii) of IRDAI's (Payment of commission, remuneration or reward to insurance agent or insurance intermediaries) Regulations, 2016. The Authority has received representation from…
Information to be submitted as part of the Annual Actuarial Valuation and related reports submission
1. This circular is issued in accordance with the powers vested under Section 14(2) and 14(h) of the IRDA Act, 1999 2. This circular is applicable to all non-life insurers…
EDITORIAL INSURANCE TIMES JUNE 2017
Online insurance market is growing slowly but steadily. It gives the customers a lot of options to compare features, cost, benefit etc. The time for issue of policy is significantly…
NATIONAL HEALTH POLICY -2017 – A PROGRESSIVE MARCH TOWARDS UNIVERSAL HEALTH COVERAGE
Recently the Ministry of Health and Family Welfare, Government of India came out with the much awaited National Health Policy, 2017. The above policy comes in the wake of first…
REINSURANCE LIBERALISATION IN INDIA: WILL IT MAKE INDIAN INSURANCE MARKET SUSTAINABLE?
With huge opportunity in India and rapidly growing middle class and a comparatively low insurance density relative to other national economies, India constitutes an attractive market of the future for…
UNEMPLOYMENT INSURANCE AN UPCOMING IMPORTANT SOCIAL SECURITY NEED
Brief overview of unemployment insurance and challenges One can breathe a little easier knowing the fact that one loses the job. He/she will still have an income by way of…