General Info News

Unclaimed Amount to be Displayed on Insurer’s Website: IRDA

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If insurers have any unclaimed amount above Rs 1000, then they are required to display its information on their website, as asked by the Insurance RegRead More

49 % FDI in Insurance: 7 Things You Should Know

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In a landmark moment for the insurance sector, the Insurance Laws (Amendment) Bill was approved by the Cabinet of ministers in July. It was then introRead More

8 Day Claim Settlement Guarantee by IDBI Federal

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Claim settlement is a crucial function when talking about business of insurance. Claim settlement record of a company clears a customer’s decision. Read More

Non-Life Insurance Premium Rose This May

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Insurance Regulatory Development Authority’s statistics display that the non-life insurance premium has increased by 8.1 per cent year-on-year to RsRead More

FDI Rises to 49% in Insurance with Cap 26% on Voting Rights

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Foreign direct investment in the insurance sector is likely to increase to 49%, as planned by the government. A term has been added in the plan which Read More

Online Channel to Take Over, 75% of Insurance Sales to Happen Online by 2020: BCG-Google Report

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Insurance sales would grow (through online channels) 20 per cent from today by 2020, but overall Internet influenced sales would be Rs 3-4 trillionAs Read More

Reliance Life Insurance Announced a New Plan- Claim Guarantee

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This plan will quicken the claim process, will make it simple and will also help the customers in obtaining the claim within 12 working days.Quite recRead More

PIL Issued to Insurance firms for offering Saving Plans

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Savings and investment plans are illegal as life insurance is a business to compensate the nominees in the event of demise of the policyholder and notRead More

Irda Issues Strict Policy Norms for Insurance Agents

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The guidelines mean to enable full disclosure and provide transparent information to the policyholder to avoid a possible misconception In order to sRead More

Insurance Regulatory and Development Authority Lets Insurance Providers to Hedge Interest Rate Risks

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Participation in interest rate derivatives would aid such companies by shielding their return from fluctuation in the interest rates and would also prRead More