December 2022 - Insurance Times

ICICI Prudential Life Insurance has launched a new participating savings product, 'ICICI PruSukhSamruddhi,' which provides customers with guaranteed benefits and growth potential in the form of bonuses. Besides, the life…

Insurance Regulatory and Development Authority of India (IRDAI) has committed to enable ‘Insurance for All’ by 2047, where every citizen has an appropriate life, health and property insurance cover and…

Reliance General Insurance announced the launch of one of its flexible and popular product --Reliance Health Gain Policy -- on Policybazaar’s online platform. Launched in May, the Reliance Health Gain…

The highest monetary compensation will not rebuild his life, observed the Bombay high court while enhancing compensation to over Rs 1 crore for a man who was left paraplegic after…

The Authority is in receipt of requests from the stakeholders to review the Regulations. Therefore, the current regulations on IRDAI (Reinsurance) 2018, have accordingly been reviewed. The exposure draft of…

The Authority is in receipt of requests to review the Regulations from the stakeholders. Therefore, the current regulations have accordingly been reviewed. The exposure draft of the EoM Regulations 2022…

The Insurance Regulatory and Development Authority of India (IRDAI) is in receipt of a communication from National Health Authority (NHA) on the captioned subject. It is informed that as part…

Shivram Chandra Jagarnath Cold Storage and Ors. New India Assurance Company Limited and Ors. I(2022)CPJ138(SC) In this case, the insurance claim of the Insured arose under a deterioration of stock…

United India Insurance Co. Ltd. Levis Strauss (India) Pvt. Ltd. Civil Appeal No. 2955 of 2022 Court in the course of its judgment, inter-alia, examined expressions under the Marine Insurance…

While the industry is preparing for next phase of reforms in insurance industry we need to ponder if we are ready with the infrastructure to support version 2 of reforms…