Insurance industry

With a network of 2048 fully computerized branch offices LIC is taking continuous effort to spread the awareness of life insurance into the rural masses especially  in the backward and…

In the past few years, the number of registered vehicles, road accidents vis-à-vis the casualties and injuries to people have created a history. It is not death alone that is…

An arm of the Insurance Regulatory and Development authority, the Tariff Advisory Committee is all set to dismantle the Motor Tariff regime from April 2005. The Tariff, which at present…

Under partial losses of Insured vehicle, the question of treatment of cost of colour and painting charges and other miscellaneous expenses spent by insured on the new spare part to…

Editorial The Economic Times, The price of risk Premia Must Reflect Profile of Insured. A group constituted by the Insurance Regulatory Authority of India (IRDA) has proposed fixing of motor…

There remains a doubt in the minds of many including the insurers practicing the compulsory motor insurance for years whether it is open to the insurer to prefer an appeal…

The level of healthcare spending in India, currently at over 6% of its total GDP is considerably higher than that in many other South Asian developing countries. Moreover, more than…

Very few people would disagree with the benefits of safety education. Many cities have already seen how fire figures and fatalities have been reduced after the implementation of such programmes.

Is it not disconcerting to find that the Indian insurance industry particularly the general insurance has failed to- make a headway despite its long presence?

1. Introduction The validity of the transaction of insurance in Islam has been much talked of from time to time. It is said that it is illegal because the element…