NBFCs can distribute insurance without RBI approval The Reserve Bank of India (RBI) has allowed non-banking financial companies (NBFCs) to distribute insurance products without seeking prior approval from the central…
India launches first guided-missile cancer therapy Novartis has introduced India's first radioligand therapy for advanced prostate cancer, marking a significant step in precision oncology. The therapy, Pluvicto (lutetium/Lu-177 vipivotide tetraxetan),…
Government names Hitesh Joshi chairman and managing director of GIC Re Hitesh Rameshchandra Joshi has been appointed Chairman-cum-Managing Director (CMD) of General Insurance Corporation of India (GIC Re), effective June…
An insurance company cannot refrain from accepting a defense that does not constitute the reason for rejecting the claim : Supreme Court Case Title: JSK Industries Pvt Ltd vs Oriental…
The GST rate cut in health and term insurance would have policyholders look forward to the premium renewal date for a change, to examine the cost savings. A 12-16 per…
Introduction India has witnessed a sharp rise in healthcare awareness and health insurance premiums in the post-COVID era. People are not only more health-conscious and keen to stay fit but…
Insurance is a financial safety net that protects individuals and businesses from unforeseen risks and liabilities. While insurance companies offer this valuable service, many people wonder, how do insurance companies…
The complaint was regarding deduction made from the car repairing claim after accidental damage. Claim made for Rs.19854/- was settled for RS.12381. The insurer could prove that the amount was…
As a result of the heavy rains and floods, there are reports of loss of human lives and loss of belongings in many states such as Karnataka, Kerala, Maharashtra, Gujarat.…
1. As you are aware, the recent floods have caused immense loss to property in the state of Karnataka. There is an urgent need for the insurance industry to take…