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Irdai plans to standardise insurance guidelines for houses and shops
Sat, Dec 07, 2019     Source : Business Standard
In the last few years, the need for such standardisation was accentuated by increasing loss of small houses and commercial establishments due to natural calamities
INSURANCE NEWS
Your postman could soon sell insurance policies
Sat, Dec 07, 2019     Source : Mint
Postmen and grameen dak sevaks might soon be able to sell insurance policies, with regulator Irdai issuing guidelines wherein such people have to be sponsored by the India Post Payments Bank (IPPB).
INSURANCE NEWS
Edelweiss Tokio Life eyes 15 to 20% growth in new business premium for next few years: CEO
Sat, Dec 07, 2019     Source : Business Line
Edelweiss Tokio Life eyes 15 to 20% growth in new business premium for next few years: CEO
INSURANCE NEWS
Irdai may allow banks to hold over 10% stake in multiple insurance firm
Sat, Dec 07, 2019     Source : Business Standard
Irdai chairman says considering proposal to change rules for lenders
INSURANCE NEWS
How to avoid getting your travel insurance claim rejected
Thu, Dec 05, 2019     Source : Financial Express
Even with a travel insurance policy, your claims can be rejected based on a number of cases. Hence, policyholders should make necessary disclosures with the documentation, while opting for an insurance pol...
INSURANCE NEWS
IRDAI offers a cash prize for naming new health cover product
Wed, Dec 04, 2019     Source : Business Line
The Insurance Regulatory and Development Authority of India (IRDAI) is offering Rs 10,000 cash prize for suggesting a suitable name for a new health plan.
INSURANCE NEWS
LIC waives off charges on credit card payments
Wed, Dec 04, 2019     Source : Economic Times
LIC has said that any credit card originated payments towards renewal premium, new premium, or repayment of loan and interest on loans against the policies will not attract any additional charges or conven...
INSURANCE NEWS
Ayushman Bharat: Hundreds of hospitals, service centres suspended for using bogus documents, fake IDs
Wed, Dec 04, 2019     Source : Financial Express
In one of the biggest crackdowns, more than 3,700 common service centres and Pradhan Mantri Arogya Mitra IDs have been de-activated in 21 states.
INSURANCE NEWS
Max India sells its stake in Max Bupa but policyholders needn't worry
Wed, Dec 04, 2019     Source : Mint
Max India Limited has informed stock exchanges that the regulator - Insurance Regulatory and Development Authority of India (IRDAI) – has given the green light to the company to sell its entire stake in Ma...
INSURANCE NEWS
How IRDAI protects policyholders from crises at insurance companies
Tue, Dec 03, 2019     Source : Economic Times
Insurers are required to follow certain investment norms, like they cannot invest in debt securities with a rating below AAA.
INSURANCE NEWS
It’s not possible to make dual insurance claim under indemnity-based policie
Mon, Dec 02, 2019     Source : Mint
I have a health plan with a sum insured of ?10 lakh. A year back, I also invested in a hospital cash policy which promised to pay ?2,000 per day of hospitalization. I was hospitalized for five days where t...
INSURANCE NEWS
Life insurers explore financial reinsurance to raise capital
Sat, Nov 30, 2019     Source : Economic Times
A study by Actuarial firm Milliman showed that 35 per cent of the 17 companies in survey are looking to raise capital from reinsurers.
INSURANCE NEWS
Embedded value: Can an insurance company go bankrupt?
Fri, Nov 29, 2019     Source : Financial Express
Following the PMC Bank scam, policyholders are also worried about their investments in insurance companies. However, the Insurance Act provides several safeguards for policyholders
INSURANCE NEWS
The opportunity cost of state health insurance schemes
Thu, Nov 28, 2019     Source : Mint
Large-scale government-sponsored health insurance schemes (GSHIs) such as Ayushman Bharat are often heralded as the best way to address public health issues.
INSURANCE NEWS
New group insurance norms set to promote fair practices
Thu, Nov 28, 2019     Source : Economic Times
The Insurance Regulatory and Development Authority has said that group insurance schemes should show collection of premium, issue of certificate of insurance and reimbursement of expenses.
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