2022 – Insurance Times

Who can claim compensation? A person who has himself sustained an injury, or owns the property which has been damaged in a vehicular accident, or is the legal representative of…

Soon, it’s going to get a lot more difficult to get compensation for any damage caused by tankers carrying Russian crude. Europe and the UK are large providers of marine…

One needs to build a large corpus through one's working life so that an equally-long retired life can be spent without any financial hardship. The commitment to such plans, stretching…

The Indian InsurTech market has grown considerably over the last few years, especially with a steep 2x funding growth in the last two years. Funding to Indian insurtechs has grown…

The Life Insurance Corporation (LIC) of India on November 23, 2022 launched two non-linked and non-participating pure risk insurance plans. Named Tech Term and New Jeevan Amar, the two policies…

Ratified with an objective to regulate and maintain the safety of road accident victims, the Motor Accident Claims Tribunal has been established by the Motor Vehicle Act 1988. The State…

IRDAI under new Chairman Mr.Debashish Panda has been very proactive since his taking over as IRDA Chairman. He has taken a number of quick decisions which will help in the…

Reference is invited to Consolidated Guidelines on Product Filing in Health Insurance Business ref no: IRDAI/HLT/REG/CIR/194/07/2020 dated 22 July 2020. In partial modification of these guidelines dated 22 July, 2020…

Currently, the filings of General Insurance Products are governed by the Guidelines on ‘Product Filing Procedures for General Insurance products issued vide ref: no. IRDAI/NL/GDL/F&U/030/02/2016 dated 18th February, 2016.’. The…

The National Human Rights Commission (NHRC) has issued anadvisory to central government, the states, and the union territories to defend the interests of truck drivers after seeing that their legal…