A solid cover for the poor
When I heard that the Finance Minister, Arun Jaitley, had announced Rs. 5 lakh cover to 10 crore families, translating to 50 crore people, I thought he had mistakenly added…
Standard Fire and Special Perils Insurance from HDFC ERGO General Insurance Company Limited
Key Highlights Policy Can be bought by Housing societies and Individual home/flat owners Covers risk against Fire, Flood, Earthquake, Lighting, Explosion, Inundation, Storm, Riot, Strike, Terrorism (optional) etc.. Get Policy…
Aviva Dhan Samruddhi from Aviva Insurance Co. Ltd.
Overview Aviva Dhan Samruddhi is a traditional life insurance plan that gives guaranteed cash back every 5 years in addition to guaranteed maturity benefit, to meet your short and long…
Mr. Pravin Kutumbe, Member (Finance & Investment)
Mr. Pravin Kutumbe assumed charge as Member (Finance & Investment) in Insurance Regulatory and Development Authority of India (IRDAI) on 12th March 2018. Prior to joining IRDAI, he was Executive…
Updated Rules for Insurance Repositories: Amendment to Guideline 34A Explained
Reference is drawn to the revised Guidelines of Insurance Repositories and electronic issuance of insurance policies dt. 29th May 2015. As per guideline No.34 A – other services, the IRs…
Avoid Compensation Hassles: Ensure Proper Vehicle Ownership Transfer After Sale
The Supreme Court has ruled that if the owner of the vehicle did not bother to change the ownership in registration records, he would be liable for compensation claims arising…
Delay No Excuse: Insurers Can’t Reject Claims Solely for Late Reporting
Insurers can't reject an insurance claim on grounds of delay alone. On 4 October, the Supreme Court ruled in favour of a truck owner whose truck was stolen in 2010.…
Early Death No Excuse: Insurance Companies Can’t Reject Claims Within 90 Days
The National Consumer Disputes Redressal Commission ( NCDRC) has ruled that an insurance company can't deny paying the insurance claim even if the policy holder dies within 90 days from…
Living wills not likely to affect insurance Claims
The recent Supreme Court ruling permitting a 'living will' that specifies that a person should be taken off life support if he or she slips into a vegetative state or…
Mr. Sujay Banarji, Member (Distribution)
Mr. Sujay Banarji assumed charge as Member (Distribution) in Insurance Regulatory and Development Authority of India on 1st March 2018. Mr. Sujay Banarji superannuated as General Manager and Director of…