18% GST on premium is brutal: Nilesh Sathe, IRDAI member
The levying of an 18% tax on insurance premiums is detrimental to improving the penetration of insurance in the country
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Insurance News
Claim can’t be rejected on mere suspicion
Oswal Plastic Industries had taken a fire and special perils policy from New India Assurance to cover its industrial establishment.
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No cap on insurer’s profit in Chhattisgarh
In Ayushman Bharat scheme, in order to avoid windfall gains for insurance companies, a model tender document specifies the maximum
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InsureMile announces policy claims services for 220 million policyholders in the country
Insurance aggregator offers to assist 1.1 crore policy holders in policy holders and claim services First insurance aggregator in India
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Name change can’t lead to claim rejection
Shreem Capacitors was in the business of manufacturing capacitors and supplying these to various state electricity boards, government undertakings, and
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LIC slashes 2.18% stake in Welspun
LIC has brought down its stake in Welspun Corporation to 5.54 percent by selling shares in the open market. According
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Add-ons barred on annual policies
IRDAI has directed general insurers to withdraw the automatic extension in period clause, which is offered as an add-on with
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Life Insurance Companies want health cover to be reintroduced again
Life Insurance Council, will urge IRDAI to allow them to offer indemnity health cover again. The regulator had barred life
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Ayushman Bharat will not cover cataract operations, dialysis and normal deliveries
National Health Authority (NHA) is planning to remove procedures covered under existing national programmes from the list of packages approved
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Bajaj Allianz Life Insurance to focus on living benefits instead of death benefits
Bajaj Allianz Life Insurance is working to provide differentiated products to customers and is focusing on living benefits rather than
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