2020-Insurance Times

1. Reference is drawn to Clause 3 of Section A of Guidelines on Covid Standard Health Policy (Ref: IRDAI/HLT/REG/CIR/163/06/2020 dated 26th June, 2020) vide which all the general and health…

1. Reference is drawn to Clause 8 of Section 3 of “Master Circular on Standardization of Health Insurance Products” (Ref: IRDAI/HLT/REG/CIR/193/07/2020 dated 22.07.2020) vide which all the general and health…

The provisions relating to transfer of shares of insurance companies are governed by section 6A of the Insurance Act, 1938 read with IRDAI (Transfer of Equity Shares of Insurance Companies)…

The concept of life insurance is simple. The policyholder pays a premium each year and when he dies, the family receives the claim amount. But, what if the policyholder is…

Most health insurance policies in the market offer built-in backup plans for policyholders in the form of ‘restoration’ benefits. In this feature, the insurer fully reinstates the original sum insured…

A: Preamble: It is observed that during the last few years, there has been an increased customer preference towards pure term life insurance products. In line with this growing demand,…

COVID 19 cases are rising in India on a daily basis which is a cause of grave concern. Looking to the population of the country it was expected that once…

Buying a new health insurance cover has become tough following the mass spread Covid19 in the past few months. Insurance companies were apprehensive to offer a health insurance policy to…

1.Attention is drawn to Clause 7 of Section C of Guidelines on Standard Individual Health Insurance Product (Ref: IRDAI/HLT/REG/CIR/001/01/2020 dated 01.01.2020) wherein General and Health insurers are allowed to offer…

The COVID times have changed many things. It has changed the way we work, the way we spend leisure hours, our daily routine; it has given us the opportunity to…