In recent months, the Insurance Regulatory and Development Authority of India (IRDAI) has come up with several regulatory changes aimed at simplifying health insurance and making it more customer-friendly. Many…
Insurance regulator IRDAI has issued guidelines on wellness and preventive features offered in a health insurance policy. While many insurers already offer wellness benefits to policyholders, the guidelines not only…
Raj Kumari had taken a policy of Rs 2 lakh from LIC. When she died on February 14, 2016, her son Rajesh Kumar made a claim under the policy. It…
In a recent judgement the Supreme court while setting aside the verdict of the National Consumer Disputes Redressal Commission said the contract of insurance is of "utmost good faith" and…
While directing New India Assurance Company Limited to pay a total claim of Rs.2,85,833 to a city resident, along with 8 percent interest per annum, the Consumer Disputes Redressal Commission,…
1. As you are aware, the recent floods (Oct 2020) have caused immense loss to property in parts of Telangana, Andhra Pradesh and neighboring States. General Insurers may have issued…
The Authority has decided to allow IC-38 examinations for individual agents to be conducted from remote locations via the remote proctor model proposed by NSEIT. However, this model shall be…
As a result of recent havoc created by heavy rainfall and floods there are reports of loss of human lives and loss of belongings in the affected Districts of primarily…
Section 37A (4A) of the Insurance Act, 1938 reads as under: “(4A) Every policyholder or shareholder or member of each of the insurers, before amalgamation, shall have the same interest…
The Covid 19 impact is not over yet and no relief is expected soon. The process of vaccine approval, manufacturing and reaching to the ultimate beneficiary will also take time.…