March 2024 - Insurance Times

India is looking to have its own protection and indemnity (P&I) entity. This will allow ship owners the option to purchase openendedhighrisk covers (insurance) that traditional players are generally reluctant…

The Life Insurance Corporation of India (LIC) on Friday announced the launch of a non-participating product - 'Amritbaal'. It is a Non-Linked, Non-Participating, Individual, Savings, Life Insurance Plan. The plan…

ICICI Prudential Life Insurance has recently introduced a new pension product called ICICI Pru Gold Pension Savings. With the aim of helping individuals build a substantial retirement corpus, this tax…

ACKO General Insurance has introduced an Extended Battery Warranty plan tailored specifically for removable batteries for Electric Vehicles (EVs). As per ACKO's EV report, 49% of EV owners believe battery…

The Indian healthcare landscape is undergoing a rapid transformation. Rising chronic diseases, an aging population, and advancements in medical technology are presenting both challenges and opportunities for the health insurance…

IRDAI offlate has been taking number of steps to increase the penetration in the insurance sector in india to achieve its goal of insurance for all by 2047.  These reforms…

In one of the highest payouts awarded recently, a Motor Accident Claims Tribunal ordered a car owner and driver, and insurance company to pay Rs 2.45 crore with interest to…

A patient is entitled to get reimbursement of durable equipment used for medical treatment after getting discharged from the hospital. Vijay Joshi had filed a complaint against the National Insurance…

In exercise of the powers conferred by Sub-section (2) and (4) of the Section 101A of the Insurance Act, 1938, the Authority, after consultation with the Advisory Committee, constituted under…

Reference is invited to IRDAI Circular no: IRDAI/HLT/CIR/MISC/58/02/2023 dated 27th February, 2023 on the captioned subject. In order to provide the health insurance policyholders with an equal choice of choosing…