July 2020 - Insurance Times

Of late, human lives are fraught with increased incidence of health ailments on account of routine and sedentary lifestyles. Though, there is considerable improvement in medical technology in addressing the…

Consumer takes the front seat – Kuwait enters into a new era of Insurance Regulations Kuwait Govt has recently passed a new Insurance Law; an Official Gazette to this extent…

Abstract: Look at the world around us. It will not take much time to realise the omnipresence of unsafe practices and lack of responsible conduct in all spheres of our…

In mid-March 2020, as the COVID-19 pandemic was exploding in the US, the attack came. Hackers hit the Department of Health and Human Services with a breach of its systems, unleashing a…

INTRODUCTION: As the COVID-19 pandemic continues to unfold, what began as a health crisis is quickly turning into a financial one. The global economy is in turmoil and expected to shrink…

1.Reference is drawn to IRDAI circular vide ref. IRDAI/HLT/REG/CIR/054/03/2020 dated 04th March, 2020 advising the general and health insurers to design need based products covering costs of treatment of coronavirus…

1. It has been brought to the notice of authority that certain hospitals are denying cashless facility to policyholders for treatment of covid-19. 2. Attention is drawn to the provisions…

As mandated by IRDAI, all the 30 general and health insurers that offer indemnity based health insurance, have started offering Individual Covid-specific Standard Health Policy called “Corona Kavach ''.  As…

Covid-19 has taken our country and the entire world by surprise and has emerged as a never imagined black swan event. It has instilled a sense of fear in every…

1. Reference is invited to IRDAI circular Ref. No: IRDAI/HLT/REG/CIR/054/03/2020 dated 04th March, 2020, specifying guidelines on handling of claims reported under Covid-19. 2. In view of the increase in…