August 2020 - Insurance Times

Cockpit of the aviation industry is out of control. Certainly the year 2020 has become a miserable year for airlines and epidemic dilemmas, travel constraints, border blockages, quarantines or isolations…

Superannuation is an option available with an individual to save so that he/she can generate income post retirement from work. SA scheme is linked with one’s employment. Employers have to…

Changing working patterns With the ongoing spread of coronavirus, government guidance is changing rapidly. In many countries, healthy individuals are being asked for the first time to avoid unnecessary public…

Abstract; Recently, Insurance Business Regulatory Board (IBRB), body under Ministry of Planning, Finance & Industry, the Republic of Union of Myanmar has issued ‘Reinsurance Directive’ which will be effective from…

With a huge population of 130 billion, India is fighting tooth and nail with the Corona 19 pandemic but the same is spreading like wildfire beyond control of the human…

Most health insurance policies in the market offer built-in backup plans for policyholders in the form of ‘restoration’ benefits. In this feature, the insurer fully reinstates the original sum insured…

The concept of life insurance is simple. The policyholder pays a premium each year and when he dies, the family receives the claim amount. But, what if the policyholder is…

The provisions relating to transfer of shares of insurance companies are governed by section 6A of the Insurance Act, 1938 read with IRDAI (Transfer of Equity Shares of Insurance Companies)…

1. Reference is drawn to Clause 8 of Section 3 of “Master Circular on Standardization of Health Insurance Products” (Ref: IRDAI/HLT/REG/CIR/193/07/2020 dated 22.07.2020) vide which all the general and health…

1. Reference is drawn to Clause 3 of Section A of Guidelines on Covid Standard Health Policy (Ref: IRDAI/HLT/REG/CIR/163/06/2020 dated 26th June, 2020) vide which all the general and health…