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Industry News

IRDA to Insurers: Ensure easy Third Party motor insurance cover

January 3, 2018

Regulator IRDAI has asked non-life insurers to ensure easy availability of third party motor insurance cover to vehicle owners, a…

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An insurance cover for structural defects in buildings

December 2, 2017

HDFC Ergo has launched ‘Inherent Defects Policy’, a first-of-its-kind product in the non-life insurance sector. The policy will compensate for…

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Insurer’s study shows gaps in cancer preparedness

November 20, 2017

According to the findings of a national ‘Cancer Financial Preparedness Survey’ by Future Generali India Life Insurance (FGILI), conducted in…

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Aadhaar made mandatory for insurance policies

November 9, 2017

In a directive issued yesterday, IRDA announced that Aadhaar number has to be linked to insurance policies under the prevention…

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Supreme Court : Insurance Claim Can’t Be Denied Due To Delay In Filing It

October 17, 2017

Granting relief to a man who was denied the claim for his stolen vehicle, Supreme Court said that insurance claims…

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State government may launch public sector insurance company

September 18, 2017

The Maharashtra government may soon become a new player in the insurance industry. The state government is planning to set…

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Insurers fear deluge of flood claims

September 1, 2017

Since late June, several states like Assam, Bihar, Gujarat Haryana and Rajasthan have been hit by devastating floods, leading to…

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13 insurers in Blockchain Cooperation

August 30, 2017

Thirteen Indian insurance companies have rallied together to use a blockchain-like technology to create a central repository of policyholder data,…

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Govt wants state-run insurers to turn around group health business.

August 23, 2017

The Finance Ministry has directed state-owned general insurers to put in place an appropriate mechanism for pricing group health cover,…

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Vehicles without clean pollution certificates to be denied insurance

August 17, 2017

The Supreme Court has directed that motor insurance renewals are not to be allowed without a valid Pollution Under Control…

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