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Latest Insurance News Today

First Indian Company certified with ISO 31000:2018

ICICI Lombard – First Indian Company certified with ISO 31000:2018

May 2018

The British Standard Institution (BSI) has awarded a Certificate of Compliance to ICICI Lombard – the first Indian company to be certified with the ISO 31000:2018

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Featured Articles

Union Budget 2021: Finance Minister proposed hiking FDI limit in insurance to 74%

February 02 2021

The Government of India has proposed a hike in the limit or cap on Foreign Direct Investment (FDI) in the insurance sector to 74% from the existing 49%. The decision was announced by the Finance Minister of India, Mrs Nirmala Sitharaman, during her budget speech in the parliament on 1st February 2021.

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Insurance Regulator Mandates Cancellation of RC In Case of Total Loss Claim Settlement

July 30 2019

IRDAI’s mandate to cancel the registration of completely destroyed vehicles is expected to put a check in the cases of fraudulent car registrations.

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This Is How IRDAI Is Planning to Offer You More Freedom Regarding Health Insurance

July 09 2019

The IRDAI’s proposal of providing the health insurance policyholders with an option to select the TPAs of their choice is expected to result in better service offerings for them.

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India Forms National Health Authority to Replace Existing Healthcare Body

January 04 2019

The union cabinet approves the formation of new healthcare body, National Health Authority to oversee the implementation of PMJAY. It will replace the existing National Health Agency.

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ICICI Lombard To Go the AI Way for Motor Insurance Renewal

December 20 2018

ICICI Lombard has launched an artificial intelligence-based solution for instant renewals of expired or lapsed motor insurance policies.

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Now You Can Avail Single Personal Accident Cover for Multiple Vehicles

December 14 2018

IRDAI has released a circular to unbundle the compulsory Personal Accident cover from the mandatory third-party motor insurance plans and allowed the issuance of separate PA cover policies from 1st January.

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Sixteen? Now You Can Get a License to Ride E-Scooters in India

December 12 2018

The government of India has decided to provide driving license for teenagers between 16-18 years of age to ride e-scooters with maximum motor power of 4 kWh at speed up to 70 kmph.

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All cars sold from April 2019 to have fuel stickers, high-security registration plates

December 08 2018

The government has instructed car manufacturers to pre-fit high security registration plates and colour-coded fuel stickers on all vehicles being sold from April 2019 onwards.

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56% of the Indian Population is Still Out of the Health Cover Net

December 05 2018

A report from consulting firm Milliman found only 44% of the 1.3 billion Indian population to have health insurance.

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Soon Your Motor Insurance Premium May be Determined by Telematics

December 05 2018

An IRDAI panel set-up to examine the pricing of third-party motor insurance plans have recommended the use of telematics to determine the insurance premiums more accurately in the future.

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Further Clarity Required on Coverage for Mental Health Ailments

December 04 2018

General insurers asked for more clarity from the insurance regulator about the items pertaining to mental illnesses that should be covered under health insurance plans.

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Insurance Regulator Will Not Be Fixing 3rd Party Insurance Premium from 2021

December 04 2018

IRDAI has decided not to fix the third-party motor vehicle insurance premiums from financial year 2020-21, which means the insurers can quote their own price.

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Should India Follow the China Model in Universal Health Insurance Plan?

December 01 2018

A professor at Harvard TH Chan School for Public Health, Winnie Yip believed that India should not follow the Chinese model of universal health insurance, rather the focus should be on reducing the out-of-pocket expenditure on healthcare services.

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