Insurance News and Information

Sri. Jai Prakash Agarwal V/s M/s ICICI Prudential Life Insurance Co.Ltd  Brief Facts of the Case: Mr. Jai Prakash Agarwal filed a complaint that M/s ICICI Prudential Life hard unilaterally…

Warendra Sinha joined IFFCO-Tokio General Insurance Co. Ltd as Managing Director and CEO on 28th of March, 2017. Prior to that, he was Director cum General Manager of National Insurance…

1. Insurers maintain separate current accounts with banks at different operational levels, i.e., Branch offices, Controlling offices, Corporate offices, etc., for the purpose of premium collection, management expenses, policy payments,…

1. Insurers maintain separate current accounts with banks at different operational levels, i.e., Branch offices, Controlling offices, Corporate offices, etc., for the purpose of premium collection, management expenses, policy payments,…

1. The Authority (IRDAI) had issued circulars ref: IRDA/F&I/CIR/F&A/012/01/2010 dt. 28.01.2010 and IRDA/F&I/CIR/PBDIS/105/05/2011 dt. 27.5.2011 on “Public Disclosures by Insurers”. Guidelines on Periodic Disclosures were also issued by the Authority…

Insurance regulator Irdai on Wednesday said insurers can maintain current accounts in an appropriate number of banks for premium collection and policy payments for the convenience of policyholders and ease…

An insurance claim can be rejected if the policy has lapsed on account of non-payment of premium, said the Supreme Court which stressed that the terms of an insurance policy…

The "pay and recover" principle requiring insurance firms to pay accident claims and then recovering them from vehicle owners cannot be applied in cases where the policies have lapsed, the…

Appointed Actuaries play a pivotal role in functioning of an insurance company. Procedure for appointment of an Appointed Actuary in an insurance company, his/her duties, obligations, powers etc. are prescribed…

1. The Authority (IRDAI) had issued circulars ref: IRDA/F&I/CIR/F&A/012/01/2010 dt. 28.01.2010 and IRDA/F&I/CIR/PBDIS/105/05/2011 dt. 27.5.2011 on “Public Disclosures by Insurers”. Guidelines on Periodic Disclosures were also issued by the Authority…