Editorial IT August 2019
In the Budget for F.Y. 2019-20 there was no increase in exemption for life insurance premium under section 80C. The current maximum exemption is 1.5 Lac which includes exemptions from…
Misuse of Total Loss Accident Vehicle Documents over Stolen Vehicles
It has come to the notice of Authority that in case of Total Loss (TL) of the vehicle, salvage of the vehicle is being sold to scrap dealers without cancelling…
Extension of timelines to comply with the Guidelines on Standards and Benchmarks for the Hospitals in the Provider Network
Reference is invited to IRDAI Circular ref IRDA/HLT/GDL/CIR/114/07/2018 dated 27th July, 2018 on the captioned subject. In partial modification of the captioned guidelines, taking into consideration the status of the…
Notice inviting Expression of Interest for development of IRDAI’s New website and Intranet portal
On-line bids for Expression of Interest are invited from CMMi Level 3 or above Information Communication Technology(ICT) systems development and implementation agencies for the development of IRDAI’s new website and…
All General Insurers (Other Than Stand-Alone Health Insurers And Specialised Insurers)
As per the Circular Ref: IRDA/NL/CIR/MOT/137/08/2018 dated 28th August, 2018 on implementation of the Directions of the Hon’ble Supreme Court of India in the matter of WP No.295/2012 of Shri.S.Rajaseekaran…
Delhi HC asks Air Chartered Services, United India Insurance Co. to pay compensation of Rs 50 lakhs
A single-judge bench comprising Justice Suresh Kumar Kait directed Air Chartered Services Pvt Ltd and United India Insurance Company to pay a compensation amounting Rs 50 lakhs in a common…
Panel favours cryptocurrency ban in India
An inter-ministerial committee set up by the government on virtual currencies has proposed banning of private cryptocurrencies in India by enacting a law and imposing fines and penalties for carrying…
Crop Insurance: A Harvest of Woes
A patriot must always be prepared to defend his country against his own government, goes an old saying. The farmers of Gujarat find themselves in precisely such a predicament. First,…
Group Credit Life Insurance from Life Insurance Corporation of India
Life Insurance Plan 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…
Individual Health Insurance from Universal Sompo General Insurance Company Limited
Non-Life Insurance Plan Health Insurance policy of Universal Sompo is offered to individual and/or his family. The policy designed to pay the Insured person(s) the hospitalization expenses as well as…