Interview with Mr G Srinivasan Director, National Insurance Academy
After having served as one of the most successful chairman of Leading PSU, how do you plan to expand the activities of National Insurance Academy, one of the premier learning…
Guidelines on Insurance Claims of victims of recent floods (August 2019) in parts of Kerala
1. As you are aware, the recent floods have caused immense loss to property in the state of Kerala. There is an urgent need for the insurance industry to take…
Interview with Vijay Kumar Principal Officer Go-Digit General Insurance
There is a general economic slowdown in the Indian Economy with falling GDP numbers. What impact do you visualize in the Insurance industry? There has been a visible impact, especially…
Working Group on Revisiting Guidelines on Trade Credit Insurance
1. The Authority had revised the Guidelines on Trade Credit Insurance on 10th March, 2016 vide Circular Ref: IRDAI/NL/CIR/CRE/044/03/2016, considering the changes in economy and the enhanced need for trade…
Royal Sundaram integrates with IRCTC, through the INSILLION Insurtech platform
INSILLION, a leading Insurtech SaaS platform, has announced a significant partnership that will transform the way travel insurance is delivered. Royal Sundaram General Insurance (RSGI), a prominent Property & Casualty…
Truecaller Partners with HDFC ERGO to Launch Fraud Insurance
Truecaller, the world’s leading global communications platform, in collaboration with HDFC ERGO, India’s leading general insurance Company, is proud to announce the launch of Fraud Insurance, an initiative aimed at…
Claim can’t be denied for an old machine
Abrol Engineering had taken a policy of Rs 40 lakh from New India Assurance to cover a CNC machine made by DMG Deckel Maho Gildemister. During the tenure of the…
Claim can’t be rejected on mere suspicion
Oswal Plastic Industries had taken a fire and special perils policy from New India Assurance to cover its industrial establishment. The policy was issued on June 27, 2009. The sum…
Penalty on LIC for negligence
Penalty on LIC for negligence LIC has been found guilty of deficiency in service by keeping the money of a consumer for five years without issuing a policy. In this…
IRDAI Bars Insurers from Advertising ULIPs as Investment Products
The Insurance Regulatory and Development Authority of India (IRDAI) has issued a directive that prohibits insurers from advertising unit-linked insurance policies (ULIPs) as investment products. This regulation is part of…