EDITORIAL INSURANCE TIMES MAY 2017
After massive protest by transporters and other bodies, IRDAI ultimately relented to reduce the hike in Third Party Motor Insurance premiums particularly in 2 wheelers, certain car segments and trucks.…
INSURERS SHOULD NOT ESCAPE FROM THE COMPENSATION TO MOTOR ACCIDENT VICTIMS
While loss of life in a motor accident cannot be recovered, it becomes obligatory on the part of all of us to minimize the miseries of the family that loses…
INNOVATIONS IN HEALTH INSURANCE
Today, product choices, social media and behavioral & life - style shifts are changing consumer mindsets. Innovation has become a key differentiator for all businesses and insurance is no exception.…
YoungStar Udaan – Child Plan from HDFC Life Insurance
HDFC Life YoungStar Udaan is a traditional participating insurance plan. This plan is ideal for parents who wish to make provision for: Academic expenses that occur prior to college education…
Overseas Travel Protection Policy from Cholamandalam MS General Insurance Company Ltd.
Three different cover options: Silver Cover: This is a simple, cost-effective plan. Gold Cover: For those looking for comprehensive cover. Senior Citizen Plan: Cover for people between the ages of…
Ahmedabad Ombudsman Directs Full TTD Payout for Multiple Surgeries After Accident
Ahmedabad Ombudsman Centre Case No. 11.002.0225 Smt. Daxaben R. Vaghela Vs The New India Assurance Co. Ltd. The Complainant had a vehicular accident resulting in hospitalisation and surgery, which was…
Hyderabad Ombudsman Rules Against Personal Accident Claim: Insurer’s Rejection Upheld Due to Procedural Issues
Hyderabad Ombudsman Centre Case No. IO(HYD) / G / 11.004.0369 Smt. T. Savithri Vs United India Insurance Co. Ltd. The respondent company had an agreement with Indian Oil Corporation, according…
Hyderabad Ombudsman Orders Insurance Claim Settlement: Procedural Objections Overruled
Hyderabad Ombudsman Centre Case No. IO(HYD) / G / 11.004.0274 Sri. Mani Shekhar Vs United India Insurance Co. Ltd. The respondent company had an agreement with Indian Oil Corporation, according…
Ahmedabad Ombudsman Orders Full TTD Compensation for Extended Recovery Following Accident
Ahmedabad Ombudsman Centre Case No. 11.002.0225 Smt. Daxaben R. Vaghela Vs The New India Assurance Co. Ltd. The Complainant had a vehicular accident resulting in hospitalisation and surgery, which was…
Exposure Draft of Insurance Regulatory and Development Authority of India (Preparation of Financial Statements of Insurers) Regulations, 2017
1. Sections 10 and 11 of the Insurance Act, 1938 were amended vide the Insurance Laws (Amendment) Act, 2015. These amendments have necessitated changes to the IRDA (Preparation of Financial…