Rehabilitation: helping employees with mental health conditions
Employers and employees alike in the UK are becoming aware of the need to talk about mental health at work. The UK Government last year commissioned a review on the…
Pradhan Mantri Jan Arogya Abhiyan: Issues and Benefits
I. Introduction Insurance provides protection against risks or uncertain events and is based on the principle that what is highly unpredictable to an individual is predictable to a group of…
CARGO LOSS PREVENTION
Introduction A producer or the manufacturer of the goods will always be delighted for safe delivery of the goods to his customer within the stipulated time period. It is easy…
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…
Extension for Filing Long-Term Motor Insurance Products
The Insurance Regulatory and Development Authority of India (`The Authority`), in terms ofCircular ref: IRDAI/NL/CIR/MOT/137/08/2018 dated 28th August, 2018, had assigned Unique Identification Number (UIN) to Motor Long Term Third…
Compulsory Personal Accident Cover for Owner-Drivers
This has reference to Circular Ref.IRDAI/NL/CIR/MOTP/158/09/2018 dated 20th September, 2018 on the subject. We have received complaints/communications from various stakeholders regarding certain aspects of implementation of Compulsory Personal Accident Insurance…
IRDAI Forms Working Group to Study Installment Claims
1. Some General and Health Insurance Companies have proposed payment of claims in installments in respect of Personal Accident Policies and Benefit Based Health Policies as against lump sum payments.…
Corrigendum Issued for SAN Storage RFP
This document references the RFP No. IRDAI/IT/18-19/10 dated 24 September 2018 on “Supply of SAN Storages, data migration from existing storage to new SAN storages and Buy Back of Existing…
LIC Forced to Pay Correct Maturity Amount After Typo Error
Deepak Rajmal Kothari had taken Life Insurance Corporation of India's (LIC's) Jeevan Saral Policy (with profits) from its Udhna Branch. It stipulated the maturity sum assured as Rs. 2.5 million,…