August 2018 - Insurance Times

LIC has finally got the green signal from all of its Stakeholders to hold S1% shares in IDBI Bank and most of the formalities have also been completed. LICI may…

LIC’s Group Credit Life Insurance is a non–linked, non-participating single premium group term insurance plan. This plan offers an insurance cover on death of the group member during the policy…

Features & Benefits Requirements Manufacturing is like the nerve center of the industrial sector. A lot of modern businesses depend on their ever-growing manufacturing power, and the machines used represent…

Col. S L Narula and United India Insurance Mr. S L Narula, the complainant has stated in his complaint that a mediclaim for treatment of his son had not been…

1. Vide Para 6(10) of the above referred circular, insurers were advised to  disclose the amounts transferred to the Senior Citizens' Welfare Fund (SCWF) as contingent liability as a part…

Considering the importance of standardization in health insurance and to enhance transparency and uniformity the Authority had from time to time issued guidelines on standardization such as; standardization of terminology…

Recently, the Insurance Regulatory and Development Authority of India came out with the draft of the proposed regulations to streamline reinsurance operations in the country. The measures have been interpreted…

By announcing the merger of three state-owned non-life insurance companies, the government has taken a bold step that will curb unhealthy competition, improve governance, and bring discipline. Union Finance Minister…

Pragati Gupta  V/S  National Insurance Co. Ltd. The complainant stated that her husband was admitted in the Synergy Hospital Agra for the period from 16.03.2016 to 19.03.2016 for treatment of…

Syed Ahmed Ali Shah  V/S  Oriental Insurance Co. Ltd. The complainant had taken Mediclaim Policy for the period from 27.11.2015 to 26.11.2016 from The Oriental Insurance Co. Ltd. He was…