2020-Insurance Times

1. Probus Insurance began its journey in 2002. How do you see the growth of your company from 2002 to 2020? Response: The growth trajectory has been memorable since the…

Q1. What are the top five risk in your Organization? External Market (perception risk) –Credit / Liquidity Crisis Impacting one of the JV Shareholder – creating negative perception – hopefully…

Damage to property because of heavy rainfall is included in the definition of ‘flood’ and ‘inundation’ in the general insurance policy, the Supreme Court has ruled, rejecting the argument of…

Settling differences between two judges on the question of consequences of delay in informing theft of a vehicle to the insurance company, the Supreme Court has ruled that such delay…

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. Reference…

Further to Circular Ref: IRDAI/NL/CIR/MOT/079/04/2020 dated 2nd April, 2020, it is hereby informed that the Department of Financial Services, Government of India has issued Notification dated 15th April, 2020 wherein…

This circular is issued further to the Press Release dated 23.03.2020 as an addendum. *Additional Time allowed for filing Regulatory Returns as at 31.03.2020 a) Half-Yearly and Yearly Returns: 30…

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 Certification…

The Union Budget for 20-21 has proposed a new tax slab where no concessions for deductions will be available to taxpayers. In Fact the Insurance Industry was seeking an increase…

In respect of the products filed and cleared as per the provisions of Guidelines on product filing in Health Insurance Business (Ref: IRDA/HLT/REG/CIR/150/07/2016) dated 29th July 2016, where coverage is…