Marine insurance is the oldest form of insurance and plays a very important role both in internal and international market. It is closely connected with important commercial institutions like banking…
January to March every year is quite busy for all insurers, particularly life insurers. The sale of life insurance policies is at peak during this period. This indicates that people…
If you are buying a new car, buying insurance for it is perhaps the last thing on your mind. Plus, the car dealer makes insurance purchase easy by bundling the…
It has been brought to the notice of the Authority that Reinsurance/Composite brokers undertake reinsurance transaction between entities that are domiciled in foreign jurisdictions. The Authority is of the view…
1. The basic framework for protection of policyholders' interests is contained in the IRDA (Protection of Policyholders' Interests) Regulations 2002 (PPHI Regulations in short). 2. There have been several changes…
The Authority Constituted the Committee on Risk Based Capital Approach and Market Consistent Valuation of Liabilities, vide its order Ref No. IRDA/ACT/ORD/MISC/116/06/2016 dated 10/06/2016. The order authorized the committee to…
Chennai Ombudsman Centre Case No.IO(CHN) 11.04.1339 / 2008-09 Mr. G. Vasikaran Vs United India Insurance Co. Ltd Award No.112/2008-09 Mr Vasikaran, a practicing architect, had paid the premium for a…
Office of the Insurance Ombudsman, Kochi Complaint No.IO/KCH/GI/11-004-251/2008-09 Shri T.X.Sebastian Vs United India Insurance Co.Ltd. Award dated 17.12.2008 A Universal Health Insurance Policy was issued to Win Centre, a social…
Lucknow Ombudsman Centre Case No.G-44/11/05/08-09 Shri. Ravindra Kumar Verma Vs The Oriental Insurance Co. Ltd. Award Dated: 12.3.2009 Complaint filed against Oriental Insurance Co. Ltd. by Shri. Ravindra Kumar Verma…
Guwahati Ombudsman Centre Case No.11/003/0059/08-09 Smt. Bindu Barman Vs National Insurance Co. Ltd. Policy No. 100300/42/04/8200012 Award dated - 22.10.2008 The Complainant's husband procured the above policy from the National…