Insurance
IRDAI: Retail insurance claims must be settled within 7 days of survey, no rejections for Missing Documents
IRDAI Guidelines for Insurers:
1.Timelines on Websites: Insurers must prominently display timelines for proposal form acceptance, policy issuance, endorsements, policy servicing, surveyor appointments, survey report...
Ashok Leyland introduces ‘Sarathi Suraksha Policy’, Comprehensive Insurance Policy for Drivers
Ashok Leyland Launches ‘Sarathi Suraksha Policy’
Ashok Leyland, the flagship company of the Hinduja Group and a prominent commercial vehicle manufacturer in India, has unveiled...
IRDAI’s proposal for increased surrender value may face strong opposition from life insurers once more
IRDAI: Insurers Resistant to Higher Surrender
A day following the proposition by the Insurance Regulatory and Development Authority of India (IRDAI) to enhance surrender values...
Health insurance claim regulation: Cashless claims require clearance within 3 hours; insurers responsible for hospital charges due to discharge delays, states IRDAI
Health insurance claim regulation:
Delays in processing health insurance claims by insurers or third-party administrators (TPAs) have frequently been a nightmare for patients and their...
LIC ventures into health insurance. Chairman Mohanty shares insights on preliminary preparations for this expansion
LIC Expands into Health Insurance
Reportedly, LIC, or the State-run Life Insurance Corporation of India, is planning to enter the health insurance sector. The company...
Online Insurance Nightmare: Survey Reveals 61% Trapped in Non-Cancelable Policies
Online Insurance Nightmare
A recent survey by LocalCircles, a consumer advocacy group in India, has exposed the widespread use of deceptive practices, known as "dark...
Insurance news: Approximately 700 surety bonds valued at ₹3,000 crore have been issued by insurance companies
Insurance news:
Approximately 700 insurance surety bonds valued at around ₹3,000 crore have been issued by various insurance companies to date, an official statement said...
Insurance: Survey reveals that 6 out of 10 consumers complain about insurance mis-selling
Insurance survey:
Highlighting the widespread issue of manipulative selling in the insurance sector, a survey by LocalCircles found that six out of 10 consumers using...
HDFC Life Insurance announces a bonus of Rs 3,722 crore for its policyholders
HDFC Life Insurance announcement:
HDFC Life Insurance announced its highest-ever bonus of Rs 3,722 crore on participating plans for nearly 22.23 lakh policyholders on Wednesday....
The highly anticipated Go Digit IPO opens today for bidding
Go Digit IPO Update
Power couple Anushka Sharma and Virat Kohli-backed Go Digit is set to launch its initial public offering (IPO) on Wednesday, May...
IRDAI extends life and health insurance accessibility to grassroots levels.
IRDAI call:
In a move aimed at democratizing insurance access, the Insurance Regulatory and Development Authority of India (IRDAI) has mandated life and general insurers...
LIC reaches its peak April premium since 2014, boasting a collection of Rs 12,383.64 crore
LIC achieves its highest April premium:
In April 2024, Life Insurance Corporation of India, the nation's largest life insurer, achieved its highest premium collection, surpassing...
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