Insurance News and Information

1. This circular is issued in exercise of the power vested under section 14(2)(e) of the IRDA Act, 1999. 2. Reference is drawn to the Circular No. IRDAI/NL/GDL/F&U/030/02/2016 dated 18th…

Police have recently arrested 7 people in Ghaziabad for allegedly duping hundreds of insurance policy holders of crores of rupees. The arrested included two women. The accused have been identified…

The Delhi High Court has asked IRDAI to explain on what basis it was approving insurance policies that excluded mental conditions from full coverage, noting that "a large number of…

A complaint had recently been lodged at the city police commissionerate on behalf of Medi Assi Pvt Ltd, a third party involved in the insurance scheme of the government, that…

The Central Bureau of Investigation has recently arrested a Senior Divisional Manager and an Administrative Officer of the National Insurance Company Ltd. for allegedly demanding a bribe of Rs. 4.5…

The Delhi High Court has recently held that all insurance companies are liable to give effect to the Mental Healthcare Act, 2017 in their policies from the time it came…

A 57-year-old woman allegedly connived with one of her relatives to kill her 62-year-old husband, in order to claim Rs. 1.3 crore as insurance in Tamil Nadu. The police arrested…

The Delhi High Court has recently refused to stay the February 21 circular of General Insurance Public Sector Association by which mediclaim premium of serving and retired employees of 4…

In order to monitor the performance of Rural Insurance Business and support the development of policy and regulation for promoting rural insurance business, it is necessary to analyse data pertaining…

1. Currently, only a few general insurers in the Indian Market are offering insurance cover for RPAS/Drones through existing products under Aviation Insurance. Considering the unique characteristics of Drones that…