“HEALTH” EMERGED AS KING BUT “MOTOR” OWNS THE THRONE
Disruptions that have taken place as fallout of the covid-19 pandemic have reflected themselves in many ways. Change is the only constant and for the insurance industry, change is nothing…
Tropical Cyclones – A Challenge to Indian General Insurance Industry
Tropical Cyclone is a hazard experienced on sea coasts in the tropical regions of the earth and is known to man for many centuries. They have caused catastrophic havocs in…
RURAL INSURANCE IN URBAN HANDS
No financial compensation from insurance sector against the massive damages caused due to recent cyclone storm in coastal parts of India, has exposed the outreach of insurance services in rural…
INSURETECH: A TOOL FOR INSURANCE PENETRATION
Internet of Things With the traditional view, the general insurance industry is always viewed as an industry, which financially compensates individuals and organizations for losses incurred by them. However, the…
CLINICAL TRIAL PROCESS & CLINICAL TRIAL LIABILITY INSURANCE
WHAT IS This Clinical Trial Requirement? It is obvious that- Commercial advantage to the firm that produces the first approved Vaccine/ Drug for a disease. There is thus dramatic increase…
Availability and Renewal of Standard Corona specific products
1. It has come to the notice of the Authority that some of the insurers are not offering Corona Kavach and Corona Rakshak Policies to the customers, and some insurers…
Editorial IT June 2021
While we recovered from the First wave of Covid-19 and got a bit relaxed in the first quarter of 2021, the second wave hit the country hard. The intensity of…
Wife not entitled to insurance money if not contributed by deceased husband: Madras High Court
The wife will not be entitled to any legal share in the insured money, if her deceased husband did not contribute any premium, the Madras High Court has ruled. Justice…
Insurance company fined for deficiency in service
Not paying the maturity amount of a policy in accordance with the minimum amount guaranteed is deficiency in service. Stating this, the District Consumer Disputes Redressal Commission, UT, not only…
Extension of time limit for filing of returns to the Authority and uploading the Public Disclosures on websites of insurers
1. The insurers are required to furnish various regulatory returns and upload the Public Disclosures on their website pursuant the instructions issued by the Authority. 2. In view of the…