2020-Insurance Times

1. Reference is drawn to the provisions of IRDAI (Health Insurance) Regulations, 2016 in accordance to which every insurer shall evolve a health insurance underwriting policy covering approach and aspects…

A. Legal Entity Identifier (LEI) code has been conceived of as a key measure to improve the quality and accuracy of financial data systems for better risk management post the…

Canara HSBC Oriental Bank of Commerce Life Insurance has launched a new Unit Linked insurance plan (Ulip) titled 'Invest 4G'. It is an individual life insurance savings plan which can…

The lnstitution of lnsurance Ombudsman plays a vital role in providing resolution in a timely and cost effective manner. lnsurers need to have a greater liaison with every lnsurance Ombudsman…

Reference is drawn to Chapter VIII of “Consolidated Guidelines on Product filing in Health Insurance Business” (Ref: IRDAI/HLT REG/CIR/194/07/2020 dated 22.07.2020) through which guidelines on migration and portability of health…

Ramla v. National Insurance Company Limited Case law analysis on the judgment passed by the Supreme Court in the case titled as "Ramla v. National Insurance Company Limited", Civil Appeal…

Bharti AXA Life Insurance, announced the launch of its new protection solution - Bharti AXA Life Premier Protect Plan - that offers life cover and various death benefit payout options.…

In recent months, the Insurance Regulatory and Development Authority of India (IRDAI) has come up with several regulatory changes aimed at simplifying health insurance and making it more customer-friendly. Many…

Insurance regulator IRDAI has issued guidelines on wellness and preventive features offered in a health insurance policy. While many insurers already offer wellness benefits to policyholders, the guidelines not only…

Raj Kumari had taken a policy of Rs 2 lakh from LIC. When she died on February 14, 2016, her son Rajesh Kumar made a claim under the policy. It…