February 2021 - Insurance Times

Drones promise to be the next disruptive technology, with the potential to dramatically alter business conventions by introducing new ways of working. In June 2020, the government published draft drone…

Abstract The penetration of the technology in our lives is so much that all our essential working is dependent on technology. The same is true with the banking sector. The…

There is nothing more reassuring than knowing your loved ones will be taken care of after you are gone. Often people are uncomfortable acknowledging Life Insurance. It provides peace of…

Finance Minister Mrs. Nirmala Sitharaman announced hiking of FDI limit in insurance sector from 49% to 74%. She also announced some amendments in the taxation of ULIP policies and proposed…

1. Preliminary Currently, the coverage for Dwellings against Fire and Allied perils for Material Damage is as per the Standard Fire and Special Perils (SFSP) policy provided for in the…

1. Preliminary Currently, the coverage for various risks against Fire and Allied perils is as per the Standard Fire and Special Perils (SFSP) policy provided for in the erstwhile All…

Finance minister Nirmala Sitharaman  increased the foreign direct investment (FDI) limit in the insurance sector from the existing 49% to 74%. "I propose to amend the Insurance Act, 1938 to…

Milind Kharat, Insurance Ombudsman, Mumbai & Goa, has directed Bajaj Allianz General Insurance, to pay one of its customers the entire hospitalization expenses, barring non-medical items, incurred for Covid-19 treatment.…

The Central Consumer Protection Authority (CCPA) has written to the Reserve Bank of India (RBI) and the insurance regulator, IRDA to look into complaints of failed transactions but money not…

The finance ministry recently issued a draft Insurance Ombudsman (Amendment) Rules, 2020, to amend the 2017 Insurance Ombudsman Rules. Under the new rules, the Council for Insurance Ombudsman will take…