Life insurance policies on a real-time basis
Don’t be surprised if an insurance agent walks into your home with a ‘tablet’ in his hand and offers a life insurance policy of your choice instantly, on a real-time…
Time for an overhaul:Irda has suggested some path-breaking regulatory changes.
From October, all existing life insurance products will have to go for a complete overhaul as the Insurance Regulatory and Development Authority (IRDA) has come out with new draft guidelines…
Understanding reversionary bonus in Insurance
Insurance in India was traditionally bought by customers more as a tax saving investment rather than to protect the family's future from adversities in life.
Karnataka govt giving a push to its health insurance scheme
The Karnataka State Rashtriya Swasthya Bima Yojana (RSBY) will soon roll out 64kb smart cards, instead of the current 32kb ones, for weaker sections of the society. This was announced…
No underwriting of risk if there is no protection: Ashok Kumar Roy Interview with Chairman and Managing Director, GIC Re
Stung by record losses in 2011-12, General Insurance Corp of India (GIC Re), the designated reinsurance company in the country, has learnt its lessons. Ashok Kumar Roy, its CMD, tells…
Liberty Videocon General Insurance receives nod to operate in insurance market
Liberty Mutual Insurance Group, one of the largest property and casualty insurers in the world, today announced that Liberty Videocon General Insurance Company Ltd, a joint venture between Liberty Mutual…
DNA investigation: ICICI Lombard cheated govt of crores of rupees
ICICI Lombard GIC Ltd, India’s largest privately-owned general insurance company, has allegedly swindled the central government of crores by forging beneficiaries and enrolling thousands of ineligible people under the Rajiv…
Insurance Industry is far away from creating true customer delight
Getting the distribution model right is the critical issue for the life insurance companies, feels MD & CEO of IndiaFirst Life Insurance, P Nandagopal.
Insurance companies cannot reduce death compensation for earning family members: HC
An insurance company cannot argue that dependents are earning members, when it comes to pay death compensation for an insured person, observed the Gujarat high court.
Future Generali India Insurance directed to pay for damage to car by water logging
With the advent of monsoons, water logging on roads is an inevitable concern among drivers. The UT Consumer Forum’s recent direction, however, to an insurance company to pay for loss…