February 2021 - Insurance Times

Insurance products, be it life, health or motor-related can be somewhat difficult to understand in terms of coverage, exclusions and other aspects such as sub-limits, co-payments and no claim bonus.…

1. Applicability: This notification shall be applicable to Indian Re-insurers and other applicable insurers as per the provisions of Section 101A of the Insurance Act, 1938. 2. Percentage of Cession:…

1. The process of bringing the Fire and Allied Perils Insurance business out of the ambit of the All India Fire Tariff, 2001 which began in 2006-07 and 2007-08 with…

1. Health Insurance in India has grown significantly in recent years and is expected to continue in the coming years. Insurance Industry is offering various products/services to cater to the…

1. Attention is drawn to the Circular ref: “Reference rates for COVID-19 treatment” dated 20th June 2020 issued by General Insurance Council (GIC). 2. In case of “Cashless Claims” under…

1. This has reference to guidelines issued by the Authority on Point of Sales Person (POS) vide its Circular Nos. IRDA/Int/GDL/ORD/183/10/2015  dt. 26.10.2016, IRDA/LIFE/GDL/GLD/222/11/2016 dt. 07.11.2016 No. IRDAI/INT/CIR/PSP/130/06/2017  dt. 05.06.2017…