August 2021

With the advent of electronic vehicles the future of the Motor Insurance market in India is set to change drastically. With the scarcity of Petroleum products and dominance of few…

Col. S L Narula  V/S  United India Ins. Co. Ltd. Mr. S L Narula, the complainant has stated in his complaint that a mediclaim for treatment of his son had…

The complainant stated that her husband was admitted in the Synergy Hospital Agra for the period from 16.03.2016 to 19.03.2016 for treatment of Acute Pancreatitis. She had incurred an expenditure…

Mr. Rajeev Kumar, the complainant has stated that two claims for treatment of his wife had not been settled by the insurance company till date. Aggrieved, he had requested the…

The complainant had taken Oriental bank Mediclaim Policy for the period from 06/09/2016 to 05/09/2017 with a sum insured of Rs 200000/ for himself and his family. The spouse of…

In exercise of the powers conferred by clauses (a), (db) and (zd) of sub-section 2 of section 114A read with Section 3 and 6A of the Insurance Act, 1938 (4…

This has reference to the Bid Number: GEM/2021/B/1134844, published on 22/03/2021, on GeM Portal (https://gem.gov.in) for Annual Maintenance Contract (AMC) of Hardware for IRDAI offices (Hyderabad, New Delhi Regional office…

1. Reference is invited to IRDAI Circular ref: IRDAI/HLT/REG/CIR/199/07/2020 dated 24th July, 2020 on the captioned subject. 2. In partial modification of the captioned guidelines, taking into consideration the prevailing…

Tropical Cyclones/Hurricanesare location specific.In an article in June 2021 issue of Insurance Times, a new web application TROPCYC for Risk Assessment of Tropical Cyclonefor India specific was introduced. Looking at…

BACKGROUND OF MICRO-INSURANCE Definition: The term “Microinsurance” which is also commonly known as "inclusive insurance"refers to the ecosystem & different kinds approaches towards ensuring availability of insurance protection & services…