INSURANCE INFORMATION BUREAU (IIB)
Insurance Information Bureau (IIB) was formed in October 2009 with the objective of facilitating in the efficient functioning of the insurance sector as well as for the protection of the…
Persistency of life insurance policies and servicing of orphan insurance policies
Life insurance policies are generally of long-term in nature. As such, in the interests of all parties, i.e., the policyholders, the intermediaries and other stakeholders, the insurer has to put…
ONLINE INSURANCE FRAUD TRAINING COURSES
Health insurance fraud is described as an intentional act of deceiving, concealing, or misrepresenting information that results in healthcare benefits being paid illegitimately to an individual or group. The main…
IRDA panels to make insurance crystal clear
Welcome relief for life insurers and policyholders. There was a time when only the Life Insurance Council, the industry body representing life insurers, was the sole agency dealing with regulatory…
Protection of Policyholders Interests (IRDA) Regulations
Salient Features Point of Sale (1) Notwithstanding anything mentioned in regulation 2 (e) above, a prospectus of any insurance product shall clearly state the scope of benefits, the extent of…
Launching of Unit Linked Health Insurance by Life Insurers
Introduction: Both non-life and life insurance companies are keen on cashing in on the growing opportunities in the health insurance segment. They are on course to offer a slew of…
Life Insurance Marketing in Rural Segment
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…