Appreciation Course – Actuarial Science for Non-Life Insurance
Program ID: - CPAS1 (From: 25th to 27th July 2016) Relevance of the Program: - Actuarial Science is one area of insurance that has attracted the attention of insurance…
Life insurance in India remains low at 3.44%, half of global average
Life insurance coverage in percentage terms in India has slipped to the level it was 15 years ago to about half the global average, according to a recent Swiss Re…
REVIEWING AN INSURANCE PROGRAMME — A BRIEF FOR INSURER AND INSURANCE ADVISER
Introduction In the domain of insurance buying by Industrial and Commercial Establishments two methods are currently in vogue. (1) As pecification is prepared of the various insurance covers required and…
Insurers can’t insist on signed receipt for payout
Life insurance companies can no longer force claimants into signing a receipt for having received 'full and final payment' as a pre-condition for releasing claim dues. A new directive from…
Life insurers should not delay payment claims over discharge vouchers: IRDAI
The Insurance Regulatory and Development Authority of India (IRDAI) has directed life insurance companies not to withhold or delay payment of claims when the policyholder or claimant expresses unwillingness or…
States to implement PMFBY scheme soon
The Centre's flagship crop insurance scheme, Pradhan Mantri Fasal Bima Yojana, is likely to be rolled out in several parts of the country as the bidding process for selecting insurance…
Liberty Mutual Insurance to hike stake in Liberty Videocon General to 49%
The US-based Liberty Mutual Insurance Group is looking to increase its shareholding in Mumbai-based Liberty Videocon General Insurance to 49 per cent from 26 per cent now, a top official…
LIC has best claim settlement of more than 98%
According to the IRDAI's annual report for 2014-15, of the total 23 private life insurers, only 11 have a claim-settlement ratio in excess of 90% in terms of number of…
LIC willing to be part of NIIF
Life Insurance Corp of India (LIC) has said it is willing to participate in India's maiden sovereign wealth fund National Investment and Infrastructure Fund (NIIF) as the state-owned company's own…
CAG eyes over Crop insurance schemes in 9 states
The Comptroller and Auditor General (CAG) will conduct a performance audit of crop insurance schemes in nine states to examine the efficacy of providing relief to farmers in the event…