The Kerala High Court recently held that while computing compensation in motor accident cases, the multiplier method proposed by the Supreme Court in SarlaVerma v. Delhi Transport Corporation remains applicable…
In a significant ruling, the Competition Commission of India (CCI) has refused to interfere in IRDAI's regulatory functions, disposing off an information case alleging anti competitive arrangement between insurance regulator…
Term insurance plan is a must-have for everybody, it provides protection to the family against the loss of income due to the demise of the earning member. However, we do…
IndiaFirst Life Insurance Company Limited (IndiaFirst Life), unveiled a new product -- IndiaFirst Life Guarantee of Life Dreams (G.O.L.D.) plan. The non-linked, non-participating, individual life insurance plan is designed to…
In an ever-evolving global landscape, the role of insurance has become indispensable for individuals and businesses alike. As the backbone of financial security, the insurance industry plays a pivotal role…
The much-awaited major reforms in the insurance sector might face further delays, as sources suggest that the pathbreaking Insurance Bill 2023 is unlikely to be passed in the ongoing monsoon…
13.06.2023 Reference is drawn to para 3.5 ‘Notification to Regulatory Authorities’ under policy no. 2.10 ‘Incident and Problem Management’ in IRDAI Information and Cyber Security Guidelines, 2023 dated 24th Apr,…
16.06.2023 Cyclone Biparjoy (June 2023) is expected to cause widespread loss to property (homes and businesses) and infrastructure in various States. General Insurers and Standalone Health Insurance Companies are advised…
17.06.2023 Cyclone Biparjoy (June 2023) is likely to have caused loss to property (homes and businesses) and infrastructure in various States. The Sector regulator IRDAI has issued instructions to all…
23.06.2023 Insurance Regulatory and Development Authority of India has extended the ‘Use and File’ procedure to Group Unit-Linked Insurance products, Individual Unit-Linked Insurance products which are offered with new funds…