Insurance Company Liable for Claim Denial Without Proof
Premjeet Sharma had taken an ' Easy Health Insurance Policy' from Apollo Munich Health Insurance for his parents. The policy, which commenced from December 12, 2010, was renewed regularly. A…
Revised Minimum Deductibles for Fire & Engineering Policies
This is to inform that for all Fresh/Renewal/Rollover business having risk start date on or from 1st November 2018, the minimum deductibles in Fire and Engineering portfolio will stand revised…
In-Depth Interview with Dhirendra Mahyavanshi, Co-Founder of Turtlemint
Please tell us about your Company. Turtlemint, India's first online-offline personalized platform which introduced the Mintpro mobile app for insurance agents in 2017. The company has so far enrolled over…
IRDAI Clarifies Reward Structure for Motor Third-Party Insurance
Attention is drawn to Authority’s e-mail dated 7th December, 2017 to the Secretary General, General Insurance Council clarifying that commission/ remuneration on TP portion of premium is available from 4th…
IRDAI Stays Order on Genetic Disorder Exclusions
1. Reference is invited to Authority’s Circular IRDAI/HLT/REG/CIR/046/03/2018 dated 19th March, 2018 issued in pursuance to the judgement of the Hon’ble High Court of Delhi (RFA 610/2016 & CM Nos.…
Supreme Court Mandates PUC Certificate for Insurance Renewal
1. Please refer to the Order dated 10th August, 2017 passed by the Hon'ble Supreme Court of India in Writ Petition (Civil) No.13029 of 1985 in M.C.Mehta Vs. Union of…
IRDAI Extends Relief for Kerala and Karnataka Flood Victims
General and Health Insurers are advised to grant 60 days grace period in respect of all health insurance policies due for renewal up to 30th September, 2018 in the State…
IRDAI Regulation Compliance: Disclosure of Information
A few instances have come to the notice of the Authority that some criminal/judicial proceedings are initiated/filed against some brokers or the KMP's by Government Agencies. It is also observed…
Insurance Surveyor Appointment Doesn’t Guarantee Claim
If the insurance claim is made late, it can be rejected even if the insurance company had appointed a surveyor to assess the damage, according to the Supreme Court. The…
Supreme Court Upholds “Pay and Recover” Rule in Motor Accident Claims
The Supreme Court reiterated the principle of "pay and recover" in road accident cases. According to this rule, if the driver of the offending vehicle has no license or there…