Insurance News and Information

The Motor Accident Claims Tribunal has directed the owner of a car and an insurance firm to pay Rs.1.03 crore to family members of a Havildar of the Indian Army,…

The Supreme Court has asked the Union government to consider withdrawing the exemption from insurance to 1.5 lakh buses owned by state road transport corporations (SRTCs), steeped in heavy losses,…

A consumer court here has ordered an insurance company to reimburse the expenditure on medical treatment for lung cancer after the company refused mediclaim on the grounds that the patient…

The Delhi high court has set aside appointments made by the Bank Board Bureau (BBB) in public sector general insurance companies stating that the same is ultra vires of the…

A Supreme Court bench of Justices R Subhash Reddy and Hrishikesh Roy has dismissed an appeal filed by the National Insurance Company Limited against an order of the Madras HC…

1. Reference is invited to the short term Covid specific health insurance policies permitted to be offered by all Insurers. 2. In partial modification of Clause 2 of Circular ref.no:…

1. Reference is drawn to the Circulars Ref No: IRDAI/HLT/REG/CIR/235/09/20 dated 10th September,2020 and Ref No: IRDAI/HLT/REG/ CIR/062/03/2021 dated 24th March, 2021 on (a) Issuance of Electronic policies and (b)…

1. There are rising incidences of cyber attacks along with a growing number of high profile data breaches. The online exposures for individuals, business organizations, offices and other establishments continue…

1. The Insurance Regulatory and Development Authority of India had set up a Working Group to study the feasibility of General Insurers to underwrite Surety Insurance. The Authority, upon examining…

1. Title insurance is a form of indemnity insurance that protects a potential owner of a property against financial loss from defects in title to real property. The policy is…