The Insurance Times November 2024 Ebook Version
Please click on the image or link below to view the Ebook version of the Journal – https://online.flipbuilder.com/yojw/epab/
Do smoking and drinking impact your health insurance?
Fifty- Six- Year- Old Ravi Sinha (name change) was taken aback when his insurance provider denied coverage for complications related to his liver cirrhosis, despite his long history of paying…
Major impact unlikely on health insurers
Industry experts believe that health insurance companies are unlikely to experience business cannibalisation due to the central government's decision to extend health coverage to people aged 70 and above, regardless…
Adequate reimbursement rates, timely payments to hospitals key to success
While welcoming the Centre's move to expand coverage under Ayushman Bharat Pradhan Mantri Jan Arogya Yojana (AB-PMJAY) to all citizens aged 70 years or above, industry insiders pointed out that…
‘Elevate’ scales new heights
Very rarely does a foreign brokerage firm express views on specific products of companies. So, when Jefferies stated that ICICI Lombard's new health insurance product, Elevate, was a game-changer in…
Legal liability for fraud in digital payments
In the first four months of 2024, Rs. 1,750 crore has been lost to cyber criminals. Victims are being targeted using online investment and trading scams, fake digital arrests, and…
Fire Incident at Textile Manufacturing plant
Introduction In industrial operations, especially those involving hazardous or flammable materials, the potential for fire incidents poses a substantial threat. Fire insurance is a crucial element of risk management in…
Insurance Regulatory and Development Authority of India (Insurance Fraud Monitoring Framework) Guidelines, 2024
Vide Circular Ref. No. lRDA/SDD/MISC/CIR/009/01/2013 dated 21st January 2013, IRDAI issued the extant Insurance Fraud Monitoring Framework to provide regulatory supervision and guidance on the adequacy of measures taken by…
“Pension Plan Needs To Be Read Broadly”: Supreme Court Approves Central Government Service To Be Included In Gujarat Government Employees Pension.
Summary The Supreme Court has ruled that a government servant receives a pension in lieu of their devoted service when awarding a pension to a government employee under the Gujarat…
The Himachal Pradesh State Commission orders Oriental Insurance Co. to pay Rs. 7.9 lakhs for repudiating an insurance claim solely because of delayed notification.
Case Title: Gita Ram Negi vs The Oriental Insurance Company Ltd and others Summary Oriental Insurance Company Limited was held accountable for a deficiency in service by the State Consumer…