Kidney donor gets right to insurance after PMO prod
Nagpur: In 2009, Dr Ravi Wankhede, a well-known activist in the field of organ donation and former general secretary of Zonal Transplant Coordination Centre (ZTCC) in Nagpur, had donated one…
SC notice to Centre, IRDA on plea to extend insurance for mental illness
The Supreme Court issued notices to the government and Insurance Regulatory and Development Authority (IRDA) on a plea seeking directions to all insurance companies to provide medical cover for mental…
GIC “retains the first right of refusal
IRDAI tweaked the rules that will allow foreign insurers to bid for reinsurance contracts along with GIC RE and bag the same if they offer lower rates than GIC or…
Constitution of Working Group to examine the concept of Settlement of Personal Accident and Benefit Based Health Insurance Claims in Installments.
1) Some General and Health Insurance Companies have proposed payment of claims in installments in respect of Personal Accident Policies and Benefit Based Health Policies as against lump sum payments. The…
Supreme Court asks for mandatory Third party insurance for two, four-wheelers
The Supreme Court has said third party insurance of four-wheelers and two-wheelers be made "mandatory" so that victims of road accidents could get compensation and insurance firms should look into it from a "human…
Supreme Court asks for mandatory Third party insurance for two, four-wheelers
The Supreme Court has said third party insurance of four-wheelers and two-wheelers be made "mandatory" so that victims of road accidents could get compensation and insurance firms should look into it from a "human…
Insurers cites difficulty in offering cover to cars having PUC Certificates
As per the directive given by the Ministry of Road Transport and Highways, the General Insurance Companies have expressed displeasure, to provide third party insurance cover only to vehicles which…
General Insurance Agents MCQ Guide for IC38 from The Insurance Times
New Edition with latest Syllabus of IC38 Effective from 1st October 2016 General Insurance Agents MCQ Guide for IC38 from The Insurance Times ( Covers Multiple Choice Question Answers and highlights…
India to control 49% of foreign ownership: IRDA
The Insurance Laws (Amendment) Act, 2015, passed during Parliament's budget session, allowed insurance companies to raise their foreign ownership from 26% to 49%, with the requirement that…
IRDA: Govt should drop tax on insurance maturity proceeds
Insurance regulator Irda will take up with the government the issue of 2 per cent income tax deducted at source (TDS) by life insurers from maturity proceeds,…