April 2021

In order to monitor the performance of Rural Insurance Business and support the development of policy and regulation for promoting rural insurance business, it is necessary to analyse data pertaining…

1. Currently, only a few general insurers in the Indian Market are offering insurance cover for RPAS/Drones through existing products under Aviation Insurance. Considering the unique characteristics of Drones that…

1. Digilocker is an initiative under the Digital India program by the Government of India where citizens can get authentic documents/ certificate in digital format from original issuers of these…

The Bombay High Court has recently refused relief to the widow of a private doctor, who died of the CoronaVirus, citing that the Rs. 50 lakh insurance cover under a…

Telangana State Consumer Disputes Redressal Commission held that a minor lapse on the driver's part is not liable for a claim to be dismissed, and directed an insurance company to…

The Finance Ministry has recently declared that the government has amended insurance ombudsman rules and brought insurance brokers within their ambit, allowing policyholders to file online complaints. The amended rules…

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)…

1. Attention is drawn to the provisions of Regulation 12 of IRDAI (Protection of Policyholders’ interests) Regulations, 2017 specifying therein minimum information to be provided as part of health insurance…

The Insurance Amendment Bill has been passed in parliament and has paved the way for increase in FDI limit. This will be a major boost in further expansion of the…

Eco-system is evolving at a fast pace in motor line of business. Regulator brought in many changes related to mandatory long-term liability insurance to three years for private cars and…