The Insurance Times Journal

Motor Accident Claims Tribunal (MACT) has awarded a compensation of Rs 23 lakh to the family of a 73-year-old man, who died in a road accident involving a rashly-driven mini…

Most types of cancer, if detected early, can be treated effectively. Today, there are thousands of people all over the world who have had cancer and have been cured. They…

Benefits :  Pension Payment : On survival of the Pensioner during the policy term of 10 years, pension in arrears (at the end of each period as per mode chosen)…

Milliman recently conducted a study on modelling management actions and policyholder behaviour based on a survey with 33 insurers covering six countries in Asia. While distribution of the full report…

Prashant Warankar had taken a mediclaim policy from New India Assurance which covered him and four of his family members. Prior to taking the policy, Prashant's father, Pradeep, was subjected…

An insurance policy is a contract. Its terms are binding on the parties. Once the conditions are interpreted in a particular manner, can the insurer issue an administrative circular to…

In the matter of M/s United India Insurance Company Limited Vs Jai Parkash Tayal (RFA 610/2016 & CM Nos. 45832/2017) Hon’ble High Court of Delhi at New Delhi held that…

This is to bring your kind attention to the Regulation 5 of IRDAI (Registration and Operations of Branch Offices of Foreign Reinsurers other than Lloyd’s) (First Amendment) Regulations, 2016 dated…

The Finance Ministry has finally appointed Subhash Chandra Khuntia as the new chairman of IRDAI. Lot of speculation has been going around since the past few months whether the new…

United India Insurance has posted a profit of Rs. 1003 crores for the year ended 31st March, 2018 which is a healthy trend. PSU insurers have been struggling with underwriting…