April 2018 - Insurance Times

Mr T S Vijayan, Chairman, IRDAI (retired recently) mentioned in the recently held 4th South Asian Regulators meet that India, Pakistan and Bangladesh together account for 23% of the world…

LIC's Jeevan Pragati Plan is a non-linked, with - profits plan which offers a combination of protection and savings. This plan provides for automatic increase in risk cover after every…

This is a package policy specially designed for small shopkeepers. It is a single policy combining the various insurance requirements of shopkeepers. Highlights This is a package policy specially designed…

All sizes of business are at risk of cyber-threats and data breaches. The repercussions of a cyber-attack can include litigation, damage to reputation and in some cases replacement of IT…

Expenses of General Insurers The gross commission expenses of public insurers, private general insurers, standalone health insurers and specialized insurers stood at Rs. 3625 crore, Rs. 2306 crore, Rs. 664…

The Securities Appellate Tribunal (SAT) has asked the Insurance Regulatory and Development Authority of India (IRDAI) to pass a fresh order in a case involving alleged financial irregularities in awarding…

India recently announced an ambitious plan called the National Health Protection Scheme (NHPS) to provide government-sponsored insurance to roughly 500 million people or nearly 40% of India’s population. Since the…

As per IRDAI (Insurance Surveyors and Loss Assessors) Regulations, 2015(hereinafter referred as Surveyors Regulations) vide regulation 4(6)(2), directors/partners of a corporate surveyor are required to submit material changes about the…

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…

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…