July 2023 - Insurance Times

LIC's Dhan Vriddhi is a new non-linked, non-participating, individual, savings, life insurance plan that was launched on June 23, 2023. The plan is only available in the domestic market. 1)…

Shriram Life Insurance Company, unveiled a new unit-linked policy offering financial control with multiple fund options and investment strategies. Policyholders can choose to cover their entire lives or a set…

India is referred as 'diabetes capital of the world' with the diabetic population in the country expected to hit an alarming mark of 69.9 million by 2025 and 80 million…

M/s Oswal Plastic Industries Vs. Manager, Legal DepttN.a.i.c.o. Ltd Civil Appeal No. 83 of 2023 (@ Slp(c) No. 9049 Of 2021); January 13, 2023-Supreme Court of India The Supreme Court…

27.06.2023 With a view to promote a ‘Principle based Regulatory regime’, foster ease of doing business and encourage proactive risk identification and management, the Insurance Regulatory and Development Authority of…

23.06.2023 Insurance Regulatory and Development Authority of India has extended the ‘Use and File’ procedure to Group Unit-Linked Insurance products, Individual Unit-Linked Insurance products which are offered with new funds…

17.06.2023 Cyclone Biparjoy (June 2023) is likely to have caused loss to property (homes and businesses) and infrastructure in various States. The Sector regulator IRDAI has issued instructions to all…

16.06.2023 Cyclone Biparjoy (June 2023) is expected to cause widespread loss to property (homes and businesses) and infrastructure in various States. General Insurers and Standalone Health Insurance Companies are advised…

13.06.2023 Reference is drawn to para 3.5 ‘Notification to Regulatory Authorities’ under policy no. 2.10 ‘Incident and Problem Management’ in IRDAI Information and Cyber Security Guidelines, 2023 dated 24th Apr,…