2020-Insurance Times

Aerostar Helmets, a private limited company, had booked an apartment in a complex being constructed by Adani M2K Project, a limited liability partnership firm. An agreement was executed on August…

A Motor Accident Claims Tribunal (MACT) has directed a truck owner and an insurance firm to pay compensation of Rs 30 lakh to the wife and son of a farmer…

Happy Steels, a private limited company, had obtained an insurance policy from Export Credit Guarantee Corporation of India (ECGC) to cover risk while exporting goods. Happy Steels had exported goods…

Risk Management awareness is growing at a rapid pace in India and overseas also. Covid 19 has accelerated the pace of adoption in companies at various levels. Top Management and…

The pandemic has pushed businesses across sectors to change the way they operate and the insurance industry is no exception. From selling new policies to settling claims, the extended lockdown…

1. Medical Council of India has issued ‘TeleMedicine practice guidelines’ on 25th of March 2020, enabling registered Medical Practitioners to provide Healthcare using TeleMedicine. 2. In the above background, insurers…

India as a whole is practically under lock down since 25th March, 2020 as well as the same will continue till the situation improves and thereafter depending on the situation…

1. What are the top five risks affecting insurance companies? The under mentioned key risks impacting the Insurance businesses could be because of the inherent nature of business and due…

1. Reference is drawn to Clause C (1.1) of “Guidelines on Filing of Minor Modifications in the approved Individual Insurance Products offered by General and Stand Alone Health Insurers on…

1.Reference is invited to the Circular Ref. No. IRDAI/HLT/REG/CIR/054/03/2020 dated 04th March, 2020 wherein all insurers were advised to expeditiously handle the health insurance claims pertaining to COVID 19. 2.…