October 2022

The finance ministry is contemplating changes in insurance Law including reduction in minimum capital requirement with a view to increasing the insurance penetration in the country. Insurance penetration increased from…

Mr. Thomas Devasia assumed charge as Member (Non-Life) in the Insurance Regulatory & Development Authority of India (IRDAI) on 19 September 2022. He has been with the general insurance industry…

In possibly the highest payout in recent times, the Motor Accident Claims Tribunal ordered the owner of a dumper truck and an insurance company to jointly pay around Rs 4.13…

The second proviso of section 48A of the Insurance Act, 1938 provides that “the Authority may permit an agent or intermediary or insurance intermediary to be on the Board of…

Reference is drawn to Point no. 3 on “Applicability” of Guidelines on Information and Cyber Security for Insurers dated 07.04.2017 read as “this guidelines document is applicable to all insurers…

Reference is drawn to para 12 of Annexure – I of D.O.No. 22003/15/2019-14C dated 30th March 2022 (enclosed) issued by Home Secretary, GOI and communication from Department of financial services…

As part of promoting ease of doing business for insurance companies, Insurance Regulatory and Development Authority of India (IRDAI) has been constantly striving to reduce the compliance burden of all…

Embedded insurance is the real-time bundling and sale of insurance when a consumer purchases a product or service at the point of sale. It is changing the way people buy…

Life insurance, which we take lightly, which we should not, why do we say that? Isn’t life precious? Do we consider it precious? Not really! Look at the figures, which…

Although this concept may seem alien today, tontines have a long creditable history that reaches back half a millennium. The name “Tontine” comes from a 17th-century Italian financier, Lorenzo de…