April 2020 - Insurance Times

In the second decade of the 21st century, we witnessed rapid technological advancement at phenomenal speed. In just about 8-10 years, a significant part of human life was affected by…

Abstract: Digital revolution is disrupting every sphere of life. While the technological progress is empowering the society, but there are risk & uncertainties that accompany such digital advancements. Cyber-attacks &…

This has reference to IRDAI Circular no. IRDA/F&A/CIR/MISC/089/04/2020dated 13th April, 2020 on the said subject. As part of measures to prudently manage their financial resources, all insurers have been directed…

Reference is invited to the Guidelines on Standard Individual Health Insurance Product (Ref: IRDAI/HLT/REG/CIR/001/01/2020 dated 01.01.2020) mandating all general and standalone health insurance companies offer Arogya Sanjeevani Policy. In partial…

In respect of the products filed and cleared as per the provisions of Guidelines on product filing in Health Insurance Business (Ref: IRDA/HLT/REG/CIR/150/07/2016) dated 29th July 2016, where coverage is…

Reference is drawn to Clause C (1.1) of “Guidelines on Filing of Minor Modifications in the approved Individual Insurance Products offered by General and Stand Alone Health Insurers on Certification…

This circular is issued further to the Press Release dated 23.03.2020 as an addendum. *Additional Time allowed for filing Regulatory Returns as at 31.03.2020 a) Half-Yearly and Yearly Returns: 30…

Further to Circular Ref: IRDAI/NL/CIR/MOT/079/04/2020 dated 2nd April, 2020, it is hereby informed that the Department of Financial Services, Government of India has issued Notification dated 15th April, 2020 wherein…

Reference is invited to the Circular Ref. No. IRDAI/HLT/REG/CIR/054/03/2020 dated 04th March, 2020 wherein all insurers were advised to expeditiously handle the health insurance claims pertaining to COVID 19. Reference…

Settling differences between two judges on the question of consequences of delay in informing theft of a vehicle to the insurance company, the Supreme Court has ruled that such delay…