Insurance Articles

Introduction Reserve Bank of India (RBI) produces once in every two months monetary policy through Monetary Policy Committee (MPC). The primary objective of monetary policy is to maintain the price…

The advent of Third Party Administrator (TPA) begins in India with the development of Mediclaim, which was introduced in 1986 by the Public Sector Insurers. Since Mediclaim was an indemnity…

It is true that the world is spending more on healthcare expenditure and the health protection gap is showing sign of receding. But the above statement appears bewildering if we…

INTRODUCTION:- On 3rd March 2019, Sunday, the Ethiopian Airline’s Addis to Nairobi Flight’s Boeing 737 MAX 8 crashed after a few minutes of takeoff killing 157 people aboard. The Black…

It sometimes feels as if the sharing economy, which is how companies that facilitate peer-to-peer transactions via an online platform/smartphone app are referred to, emerged virtually overnight. The sharing economy…

Thinking of buying your first automobile? Well, then car insurance may simply be the final thing on your mind. But it is important. The Indian Motors Act makes it mandatory…

A well developed and evolved insurance sector is a boon for economic development of a country. It provides long-term funds for infrastructure development and concurrently strengthens the risk-taking ability of…

The Life Insurance Corporation of India has launched Bachat Plus, a non-linked, participating, individual life assurance savings plan. The applicants may either pay the premium in lump sum (single premium)…

Every year road crashes result in loss of lakhs of lives and serious injuries to crores of people. In most of the cases crashes occur either due to carelessness or…

A. Role and responsibilities of General Insurance Surveyor 1. Assessing the loss after proper investigation 2. Redressal of conflict of interest 3. Maintaining confidentiality and neutrality 4. Thoroughness in data…