IRDA Health Insurance Regulations 2013

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Created on 21 June 2013 Last Updated on 21 June 2013 Published Date
Written by Bimabazaar- Adminstrator

 

 

 

Reference is drawn to the captioned Regulations notified on 16th February, 2013. Regulation 17 deals with Transitory Provisions wherein 17 (a) (iii) provides as follows:-

 

‘Products not in compliance with this Regulation shall all stand withdrawn and shall not be sold.

  1. In the case of Group Products, from 1st July 2013.
  2. In the case of Individual Products, from 1st October, 2013.’

In view of difficulties expressed by insurers with regard to the time-frame keeping in view the interests of the policyholders who need to be intimated sufficiently in advance as stipulated under Regulation 17 (c), the Authority hereby defers the stipulated dated applicable for Group Products from 1st July, 2013 to 1st October, 2013. There is no deferment for Individual Products for which the date already stipulated in the Regulations is 1st October, 2013.

Consequent to the above, the following may be noted:-

  1. The certification of list of products as stipulated in Regulation 17 (a) (i) by the Appointed Actuary to be countersigned by the CEO and submitted to the Authority would now need to be submitted on or before 30.09.2013 and not as per  the date given therein.
  2. The provision in respect of renewal of group policies stipulated as per Regulation 17 (b)(iii) (2) the date applicable for not enrolling new members would now be 1st October, 2013 and not the date given therein.
  3. It is clarified that as a corollary of the deferment of the date for Group Products, the existing group products are allowed to be continued until 30th September, 2013.

All insurers are advised to ensure necessary compliance.

 

Sd/-

(T.S. Vijayan)

 

Chairman

 

 

 

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Importance of Family Medical Health...

There has been a rise in lifestyle related diseases and the chances of passing them on to the...

Child Insurance Investment —...

Being a parent is the most responsible job in this world, and every parent has the duty of...

SBI Life Pledges Education to Cancer Affected Children
SBI Life Pledges Education to Cancer...

Taking its Corporate Social Responsibility initiative to newer heights, SBI Life Insurance...

IRDAI to dematerialize High-value insurance
IRDAI to dematerialize High-value...

The Regulator is planning to dematerialize the policies with an annual premium of Rs.50,000 for...

How to Identify Lost or Unclaimed...

  Lost or unclaimed insurance amount as the name suggests are the dormant policy amounts that are...

Health Insurance for Newborn Children...

The birth of a child is always an exciting affair with lots of joy and happiness. However, as a...

Travel Insurance  Policy from Bajaj Allianz General Insurance  Co. Ltd
Travel Insurance Policy from Bajaj...

      Studying abroad in a foreign land entails a lot of risk. Medical expenses in foreign...

Home Shield Insurance from Royal Sundaram Alliance Insurance
Home Shield Insurance from Royal...

      Home Shield is a comprehensive Home Insurance Policy which offers protection to your home...

Association of third party administrators seeks clarity
Association of third party...

The public interest litigation (PIL)  filed in the Bombay High Court by activist Gaurang Damani...

SC declares Compulsory retirement for misappropriation
SC declares Compulsory retirement for...

The Supreme Court has declared a  compulsory retirement to an LIC cashier for misappropriating...

IRDA asks Insurers to devise simple, low cost products
IRDA asks Insurers to devise simple,...

      In a review meeting which was held  on the performance of the public sector insurance...

Life insurers asked to submit data: IRDA
Life insurers asked to submit data: IRDA

The sectoral regulator IRDA has asked life insurance companies to submit data for the last four...

Benefits of Buying Term Life...

      Term life insurance policy is a kind of policy that offers coverage for a limited term (as...

Understanding Mediclaim Better –...

      Investing in a good medical insurance policy has become more crucial than ever, especially...

Disaster Management

      Disaster Management is the discipline of dealing with and avoiding risks. It is a...

E-mail spoofing using the domain irda.gov.org
E-mail spoofing using the domain...

From IRDA: It has come to our notice that certain unscrupulous entities/persons have allegedly...

POST GRADUATE DIPLOMA ON HEALTH INSURANCE IN COLLABORATION WITH UNIVERSITY OF MUMBAI
POST GRADUATE DIPLOMA ON HEALTH...

Health insurance has become a vital component of the Indian insurance industry and is growing at...

Deadline of 60 days for- Life insurance payouts
Deadline of 60 days for- Life...

      At present the mandate demands that all claims have to be settled within six months, and...

Tata AIA life joins hands with Citibank
Tata AIA life joins hands with Citibank

Tata AIA Life insurance company has entered into a bancassurance partnership with Citibank to...

One out of every five Private life Insurance claims rejected
One out of every five Private life...

Insurance Fraud has not been seriously addressed in India  Insurers say they are forced to...

LIC  lags private insurers in claims settlement
LIC lags private insurers in claims...

The Insurance Regulatory and Development Authority of India in its annual report 2013-14 has...

Higher FDI will benefit insurers: Moody's
Higher FDI will benefit insurers:...

      The  Moody's Investors Service believes that a higher foreign investment limit is "credit...

Govt staff, tax payers not eligible under PMJDY
Govt staff, tax payers not eligible...

The Financial Services Department of the Finance Ministry has prepared detailed guidelines for...

Excise duty in vehicles segment fades insurers' hope
Excise duty in vehicles segment fades...

The General  Insurance sector which had hoped for a revival of the sales of automobiles in the...

UII organizes mega insurance convention
UII organizes mega insurance convention

United India Insurance organized a mega insurance advisor's convention 'Make India Insure' in...

Benefit from the Income Tax Slabs for...

      When planning your finances, it is important for you to understand tax slabs and...

BMI & Insurance Rates - How does BMI...

BMI which is the body mass index is an important tool considered by insurance companies in...

Partners of Fraud Company Maples...

Kolkata: Partners of Maples Publications, Amit Gupta & Jitendra Malhotra has been arrested by...

Cigna TTK Health Insurance expands in 5 more cities
Cigna TTK Health Insurance expands in...

Cigna TTK Health Insurance a joint venture between U.S. based global health service leader, Cigna...

Bharti AXA Life launches ‘Elite Advantage’
Bharti AXA Life launches ‘Elite...

Bharti AXA Life Insurance, the private life insurance joint venture between Bharti Enterprises...

Go Paper less ! Secure all your Policies in electronic Insurance A/c (eIA), With SHCIL Insurance Repository (SHCIL-IR) absolutely FREE OF COST
Go Paper less ! Secure all your...

eIA stands for e-Insurance Account or “Electronic Insurance Account” which will safeguard the...

Karnataka Vikas Grameena Bank tiesup with IndiaFirst Life to offer insurance products
Karnataka Vikas Grameena Bank tiesup...

Karnataka Vikas Grameena Bank (KVGB) owned by Government-Sponsored by Syndicate Bank, one of the...

Future Generali India Life Insurance launches the Care Plus Plan
Future Generali India Life Insurance...

Future Generali India Life Insurance Company Limited (FGILI), a joint venture between Future...

Solved Paper for General Insurance Accounts and Regulation of Investment IC46 for associateship
Solved Paper for General Insurance...

Launching of Guide Book for IC46 Plus Mock Test                   Guide...

Get FREE E-Insurance Account
Get FREE E-Insurance Account

You have been enjoying the benefits of Demat account and would have experienced the ease and...

2014 Budget Speech Extracts of Sri Arun Jaitely, Finance Minister, India relating to Direct Tax Proposals
2014 Budget Speech Extracts of Sri...

I do not propose to make any change in the tax rate.  However, with a view to provide relief to...

Budget 2014 - Highlights for Insurance Sector
Budget 2014 - Highlights for...

Budget Speech By Sri Arun Jaitely, Finance Minister The Insurance sector is investment starved....

Budget Reactions from Future Generali India
Budget Reactions from Future Generali...

“The budget announcement on increasing FDI cap in insurance to 49% is a positive step forward. We...

Budget Reaction - Mr. Antony Jacob, CEO, Apollo Munich Health Insurance
Budget Reaction - Mr. Antony Jacob,...

Today's Union Budget speech has certainly brought good news for the insurance sector by the...

Future Generali India Insurance ties up with Punjab & Maharashtra Co-operative Bank
Future Generali India Insurance ties...

Future Generali India Insurance, a joint venture between India’s leading retailer Future Group...

Max Bupa wins the technology award at the fourth edition of India Insurance Awards
Max Bupa wins the technology award at...

Max Bupa has been conferred with top honor for technology maturity at the fourth edition of India...

Research on Fraud in Health Insurance...

Insurance Sector in India is expanding rapidly with stiff competition in the insurance industry....

 Indian millionaires are expected to grow at a strong pace- WealthInsight
Indian millionaires are expected to...

According to a new report from WealthInsight, Indian millionaires are expected to grow at a...

 Insurers to offer products exclusively through specific distribution channel
Insurers to offer products...

      Instead of selling the same insurance products across various distribution channels,...

Family floaters gain as healthcare costs rise
Family floaters gain as healthcare...

In a bid to cut down their health insurance bill, buyers are increasingly turning to family...

Private health insurers cover 65% policy holders
Private health insurers cover 65%...

Around 65 per cent of health insurance policy holders in the country are covered by private...

LIC buys Rs. 4,300 cr loans from 7 states
LIC buys Rs. 4,300 cr loans from 7...

Life Insurance Corporation of India (LIC) has bought debt worth about Rs 4,300 crore in state...

IRDA initiates study for group insurance policies
IRDA initiates study for group...

Insurance Regulatory and Development Authority of India has initiated a study regarding the...

Finance Ministry cancels IRDA order withdrawing third-party pool
Finance Ministry cancels IRDA order...

The finance ministry has rescinded the insurance regulator's decision to withdraw third party...

IRDA forms working group for simple products in general insurance
IRDA forms working group for simple...

IRDA has formed a working group to review 'File & Use' (F&U) guidelines to ensure...

IRDA may ask life insurers to tie up with repositories
IRDA may ask life insurers to tie up...

The Insurance Regulatory and Development Authority is likely to make it mandatory for life...

 Indian online insurance market size more than Rs. 700 cr : BCG Report
Indian online insurance market size...

The online insurance market in India is already in excess of Rs.700 crore. While life insurance...

Information Technology is quietly revolutionizing insurance distribution, helping increase consumer centricity, says Swiss Re sigma study
Information Technology is quietly...

      Technology is changing the way insurers and consumers interact, says Swiss Re's latest...

Guide for Insurance Brokers Exam from...

  Guide for Insurance Brokers Exam from The Insurance Times ( For Online Exam conducted by NIA...

Canara bank inks memorandum with LIC

Canara Bank has entered into a MoU with Life Insurance Corporation of India for offering the...

Insurance behemoth's exposure in...

The financial sector has a pride of place in the equity portfolio of government-owned Life...

IRDAI directs health cover discounts...

The regulator IRDAI  in an attempt to provide the best and cost effective services for the...

Correct anomalies in product pricing:...

The Insurance Regulatory and Development Authority of India (IRDAI) has directed the  insurers to...

Psychiatric test for pilots likely...

The cost of insurance for aviation companies may rise if the Directorate General of Civil...

June 1 marks the start of a new...

The new service tax rate of 14% will come into effect from June 1, top government sources said,...

Foreign firms show interest for...

With the Indian nuclear insurance pool falling short by Rs.600 crore, some foreign companies have...

Life Insurance Council pushes regulator for 50% concession in re-insurance rate
Life Insurance Council pushes...

   Life Insurance Council has urged the regulator for 50% concession in re-insurance rate on...

'Care' - Health Insurance Policy  from Religare Health Insurance
'Care' - Health Insurance Policy ...

  Religare Health Insurance plan provides a comprehensive coverage, speedy claim settlements and...

Education Plan from Reliance Life Insurance
Education Plan from Reliance Life...

Reliance Education Plan is a non-linked, non-participating, specialist child insurance plan that...

Insurers in Japan expand foreign bond...

  Japanese life insurers are investing in the sovereign bonds of emerging countries such a Roland...

Insurance deal: Ace to buy Chubb for...

  Swiss insurer Ace Ltd, with operations in more than 50 nations, has agreed to purchase US based...

Cancer insurance acquires a key...

  “Cancer insurance is going to be an important segment for the healthcare insurance market and a...

IRDAI moots radical changes in health...

  The regulator is planning massive changes in health insurance, which include more incentive for...

LIC eyes Rs.31,000 cr first premium

  Life Insurance Corporation of India (LIC) is looking to collect at least Rs.31,000 crore as...

Life Insurance Council takes into...

  Life Insurance Council is working hard towards making the Pradhan Mantri Jeevan Jyoti Bima...

LIC surplus jumps by 10.33%  in FY 15
LIC surplus jumps by 10.33% in FY 15

  Life Insurance Corporation of India (LIC) reported a surplus of Rs.1,803.05 crore in FY 15, up...

GIC Re more interested to acquire...

  State owned reinsurer General Insurance Corporation Re has abandoned its expedition to buy a...

Most Indians without home insurance:...

A survey by Bajaj Allianz General Insurance said although 75 per cent of respondents were aware...

LIC gears up with the recruitment of apprentice officers
LIC gears up with the recruitment of...

  Life Insurance Corporation of India (LIC) will recruit 5,066 people for the post of Apprentice...

Hearing on SBI Life vs Irdai adjourned

The Securities Appellate Tribunal (SAT) has adjourned an appeal against the IRDAI  in a hearing...

Equity investments be called approved...

The Insurance Regulatory and Development authority of India (IRDAI), in its new draft on...

Agriculture insurance coverage needs...

The insurance coverage in the agriculture sector needs to be enhanced to protect the interest of...

GIC profit scales high to 20% in 2014-15
GIC profit scales high to 20% in 2014-15

State owned re-insurer General Insurance Corporation Re (GIC) has announced a profit of Rs.2,693...

DFS paves way for $3 bn inflow into...

The Department of Financial Services (DFS) has given the green signal to Kotak Mahindra Bank's...

XBRL: An Important Tool for Insurance...

Insurance is necessary for protection against future financial loss from injury, illness,...

Review of the draft "Road Transport ...

  1-Introduction On 13/09/2014, Ministry of Road Transport and Highways, Government of India,...

Insurers appeal NDMA for new building...

Non-life insurers, along with the Insurance Regulatory and Development Authority (Irda), will...

West Bengal leads in Rashtriya...

West Bengal has turned out to be the best performer in the  Rashtriya Swasthya Bima Yojana...

LIC commits Rs. 1.5 lakh cr...

Life Insurance Corporation had committed to invest Rs 1.5 lakh crore in Indian railways over the...

Govt equipped to handle any disaster...

  The government declared that India, after directing  its rescue and relief efforts in...

Applying for Life Insurance Plans Online: Things to Remember
Applying for Life Insurance Plans...

Buying a life insurance is the first step towards protecting yourself and the ones you care...

Different Ways to Accelerate Retirement Savings
Different Ways to Accelerate...

Planning your retirement savings is an important task, as you have to consider the financial...

LIC under invested in banking stocks
LIC under invested in banking stocks

Life Insurance Corporation of India (LIC) is under invested in banking stocks compared to the...

India First Life penalized by IRDA
India First Life penalized by IRDA

The Insurance Regulatory and Development Authority of India has imposed Rs. 65 lakh penalty on...

Pre-existing diseases to get...

  The General Insurance Council has given a uniform definition for pre-existing diseases. These...

LIC leaps to support Indian Equity...

  Life Insurance Corporation of India(LIC), India's largest domestic institutional investor,...

Doubts placed by Companies on biz cap

  As per the recent ordinance passed by the IRDAI on licensing of corporate agents which stated...

Llyod in its journey to India

  Encouraged by the government's decision to push insurance reforms, UK-based re-insurance giant...

More demand of Motor products online

A recent report given by Google India and ICICI Lombard General Insurance  has revealed that in...

Cabinet nods the insurance pension...

The Union Cabinet  had approved the operation of three Centre-sponsored insurance and pension...

LIC organises 55th All India Sr. Divisional Mangers' Conference
LIC organises 55th All India Sr....

The 55th All India Sr. Divisional Managers' Conference, annual strategy meeting of LIC of India...

Bajaj Allianz General net profit...

 Bajaj Allianz General Insurance has posted a 37 per cent rise in profit after tax to Rs 562...

United India declares Rs. 301 cr profit

 United India Insurance Company has reported a profit after Tax of Rs 301 crore in 2014-15. The...

Domestic Travel Guard  from Tata AIG General Insurance
Domestic Travel Guard from Tata AIG...

  A holiday is for a great change away from home. But what do you do if you fall ill...

ICICI Pru Smart Life from ICICI Prudential Life Insurance
ICICI Pru Smart Life from ICICI...

  ICICI Prudential Life Insurance has launched a new dual protection unit linked insurance plan...

Micro Insurance - Will initiatives &...

Micro-Insurance - At the moment in practice:From its origin, the concept of insurance remains...

Sigma 1/2015: emerging markets ready...

The latest sigma study, Keeping healthy in the emerging markets: insurance can help (see download...

SBI take into service PwC for valuation, IAG supports Deloitte for JV
SBI take into service PwC for...

State Bank of India  is ardent to divest further stake in its foreign partner Insurance Australia...

Bharti's insurance ventures' zooms high
Bharti's insurance ventures' zooms high

The Bharti group's stake valuation has gone up multiple times in both life and general insurance...

Half of the world's rural population...

A recent ILO report  has revealed that more than half of the world's rural population (56 per...

LIC sets ambitious target for east zone
LIC sets ambitious target for east zone

With the back of a stronger product portfolio and tie-ups with the banks.The LIC is aiming for a...

LIC raises stake in Canara Bank, Bank of Baroda
LIC raises stake in Canara Bank, Bank...

The  Life Insurance Corporation (LIC) has raised stake in state-owned Canara Bank by about 7.7...

IRDAI mulling over e-Insurance

Earlier  the concept of E Insurance was piloted in paperless form through insurance repositories....

Global reinsurers firm steps in India...

After receiving licenses from the Insurance Regulatory and Development Authority of India which...

GDP in motor insurance to cross Rs....

The gross direct premium earned by general insurance companies from the motor vehicle industry in...

Insurance Demand

The Federation of West Bengal Trade Association has demanded that all markets owned by KMC should...

Popularizing Health Insurance through...

It was a wonderful spectacle to watch millions of people all over India taking to Yoga even...

Munich Re Confirms Riess as Future...

The Supervisory Board of ERGO Versicherungsgruppe AG has appointed Markus Riess to the ERGO Board...

Benett, Coleman to buy majority stake...

Religare Enterprises Ltd (Religare) has decided to sell its 44 percent stake in Aegon Religare...

A single-premium health cover for...

Insurance Regulatory & Development Authority of India (IRDAI)  is on the verge of drawing...

LIC : Towering over the rest

The top 10 insurance companies hold more than Rs 4.56 lakh crore in Indian equities. Life...

Not more than 10% paid-up shares in...

The IRDAI in lieu of the backdrop of the recent hike in the upper cap of foreign direct...

Insurers' valuations may sink

Valuations of insurance companies, tied to banks, are set to plunge, given the new distribution...

Best High Return Investment Options

  Investors often find themselves at cross roads while going through the various investment...

A Comprehensive Guide on Pension Plans

  The basic purpose of pension planning is to create a steady and stable source of income for the...

The importance of insurance to a...

  At times they may seem invincible, but in reality, multinational companies are just as...

Maximize Your Tax Savings in India

Reducing tax liability and maximizing savings in India can done by a three-pronged strategy...

Importance of Family Medical Health...

There has been a rise in lifestyle related diseases and the chances of passing them on to the...

Child Insurance Investment —...

Being a parent is the most responsible job in this world, and every parent has the duty of...

SBI Life Pledges Education to Cancer Affected Children
SBI Life Pledges Education to Cancer...

Taking its Corporate Social Responsibility initiative to newer heights, SBI Life Insurance...

IRDAI to dematerialize High-value insurance
IRDAI to dematerialize High-value...

The Regulator is planning to dematerialize the policies with an annual premium of Rs.50,000 for...

How to Identify Lost or Unclaimed...

  Lost or unclaimed insurance amount as the name suggests are the dormant policy amounts that are...

Health Insurance for Newborn Children...

The birth of a child is always an exciting affair with lots of joy and happiness. However, as a...

Travel Insurance  Policy from Bajaj Allianz General Insurance  Co. Ltd
Travel Insurance Policy from Bajaj...

      Studying abroad in a foreign land entails a lot of risk. Medical expenses in foreign...

Home Shield Insurance from Royal Sundaram Alliance Insurance
Home Shield Insurance from Royal...

      Home Shield is a comprehensive Home Insurance Policy which offers protection to your home...

Association of third party administrators seeks clarity
Association of third party...

The public interest litigation (PIL)  filed in the Bombay High Court by activist Gaurang Damani...

SC declares Compulsory retirement for misappropriation
SC declares Compulsory retirement for...

The Supreme Court has declared a  compulsory retirement to an LIC cashier for misappropriating...

IRDA asks Insurers to devise simple, low cost products
IRDA asks Insurers to devise simple,...

      In a review meeting which was held  on the performance of the public sector insurance...

Life insurers asked to submit data: IRDA
Life insurers asked to submit data: IRDA

The sectoral regulator IRDA has asked life insurance companies to submit data for the last four...

Benefits of Buying Term Life...

      Term life insurance policy is a kind of policy that offers coverage for a limited term (as...

Understanding Mediclaim Better –...

      Investing in a good medical insurance policy has become more crucial than ever, especially...

Disaster Management

      Disaster Management is the discipline of dealing with and avoiding risks. It is a...

E-mail spoofing using the domain irda.gov.org
E-mail spoofing using the domain...

From IRDA: It has come to our notice that certain unscrupulous entities/persons have allegedly...

POST GRADUATE DIPLOMA ON HEALTH INSURANCE IN COLLABORATION WITH UNIVERSITY OF MUMBAI
POST GRADUATE DIPLOMA ON HEALTH...

Health insurance has become a vital component of the Indian insurance industry and is growing at...

Deadline of 60 days for- Life insurance payouts
Deadline of 60 days for- Life...

      At present the mandate demands that all claims have to be settled within six months, and...

Tata AIA life joins hands with Citibank
Tata AIA life joins hands with Citibank

Tata AIA Life insurance company has entered into a bancassurance partnership with Citibank to...

One out of every five Private life Insurance claims rejected
One out of every five Private life...

Insurance Fraud has not been seriously addressed in India  Insurers say they are forced to...

LIC  lags private insurers in claims settlement
LIC lags private insurers in claims...

The Insurance Regulatory and Development Authority of India in its annual report 2013-14 has...

Higher FDI will benefit insurers: Moody's
Higher FDI will benefit insurers:...

      The  Moody's Investors Service believes that a higher foreign investment limit is "credit...

Govt staff, tax payers not eligible under PMJDY
Govt staff, tax payers not eligible...

The Financial Services Department of the Finance Ministry has prepared detailed guidelines for...

Excise duty in vehicles segment fades insurers' hope
Excise duty in vehicles segment fades...

The General  Insurance sector which had hoped for a revival of the sales of automobiles in the...

UII organizes mega insurance convention
UII organizes mega insurance convention

United India Insurance organized a mega insurance advisor's convention 'Make India Insure' in...

Guide for Insurance Brokers Exam from...

  Guide for Insurance Brokers Exam from The Insurance Times ( For Online Exam conducted by NIA...

Canara bank inks memorandum with LIC

Canara Bank has entered into a MoU with Life Insurance Corporation of India for offering the...

Insurance behemoth's exposure in...

The financial sector has a pride of place in the equity portfolio of government-owned Life...

IRDAI directs health cover discounts...

The regulator IRDAI  in an attempt to provide the best and cost effective services for the...

Correct anomalies in product pricing:...

The Insurance Regulatory and Development Authority of India (IRDAI) has directed the  insurers to...

Psychiatric test for pilots likely...

The cost of insurance for aviation companies may rise if the Directorate General of Civil...

June 1 marks the start of a new...

The new service tax rate of 14% will come into effect from June 1, top government sources said,...

Foreign firms show interest for...

With the Indian nuclear insurance pool falling short by Rs.600 crore, some foreign companies have...

Life Insurance Council pushes regulator for 50% concession in re-insurance rate
Life Insurance Council pushes...

   Life Insurance Council has urged the regulator for 50% concession in re-insurance rate on...

'Care' - Health Insurance Policy  from Religare Health Insurance
'Care' - Health Insurance Policy ...

  Religare Health Insurance plan provides a comprehensive coverage, speedy claim settlements and...

Education Plan from Reliance Life Insurance
Education Plan from Reliance Life...

Reliance Education Plan is a non-linked, non-participating, specialist child insurance plan that...

Insurers in Japan expand foreign bond...

  Japanese life insurers are investing in the sovereign bonds of emerging countries such a Roland...

Insurance deal: Ace to buy Chubb for...

  Swiss insurer Ace Ltd, with operations in more than 50 nations, has agreed to purchase US based...

Cancer insurance acquires a key...

  “Cancer insurance is going to be an important segment for the healthcare insurance market and a...

IRDAI moots radical changes in health...

  The regulator is planning massive changes in health insurance, which include more incentive for...

LIC eyes Rs.31,000 cr first premium

  Life Insurance Corporation of India (LIC) is looking to collect at least Rs.31,000 crore as...

Life Insurance Council takes into...

  Life Insurance Council is working hard towards making the Pradhan Mantri Jeevan Jyoti Bima...

LIC surplus jumps by 10.33%  in FY 15
LIC surplus jumps by 10.33% in FY 15

  Life Insurance Corporation of India (LIC) reported a surplus of Rs.1,803.05 crore in FY 15, up...

GIC Re more interested to acquire...

  State owned reinsurer General Insurance Corporation Re has abandoned its expedition to buy a...

Most Indians without home insurance:...

A survey by Bajaj Allianz General Insurance said although 75 per cent of respondents were aware...

LIC gears up with the recruitment of apprentice officers
LIC gears up with the recruitment of...

  Life Insurance Corporation of India (LIC) will recruit 5,066 people for the post of Apprentice...

Hearing on SBI Life vs Irdai adjourned

The Securities Appellate Tribunal (SAT) has adjourned an appeal against the IRDAI  in a hearing...

Equity investments be called approved...

The Insurance Regulatory and Development authority of India (IRDAI), in its new draft on...

Agriculture insurance coverage needs...

The insurance coverage in the agriculture sector needs to be enhanced to protect the interest of...

GIC profit scales high to 20% in 2014-15
GIC profit scales high to 20% in 2014-15

State owned re-insurer General Insurance Corporation Re (GIC) has announced a profit of Rs.2,693...

DFS paves way for $3 bn inflow into...

The Department of Financial Services (DFS) has given the green signal to Kotak Mahindra Bank's...

XBRL: An Important Tool for Insurance...

Insurance is necessary for protection against future financial loss from injury, illness,...

Review of the draft "Road Transport ...

  1-Introduction On 13/09/2014, Ministry of Road Transport and Highways, Government of India,...

Insurers appeal NDMA for new building...

Non-life insurers, along with the Insurance Regulatory and Development Authority (Irda), will...

West Bengal leads in Rashtriya...

West Bengal has turned out to be the best performer in the  Rashtriya Swasthya Bima Yojana...

LIC commits Rs. 1.5 lakh cr...

Life Insurance Corporation had committed to invest Rs 1.5 lakh crore in Indian railways over the...

Govt equipped to handle any disaster...

  The government declared that India, after directing  its rescue and relief efforts in...

Applying for Life Insurance Plans Online: Things to Remember
Applying for Life Insurance Plans...

Buying a life insurance is the first step towards protecting yourself and the ones you care...

Different Ways to Accelerate Retirement Savings
Different Ways to Accelerate...

Planning your retirement savings is an important task, as you have to consider the financial...

LIC under invested in banking stocks
LIC under invested in banking stocks

Life Insurance Corporation of India (LIC) is under invested in banking stocks compared to the...

India First Life penalized by IRDA
India First Life penalized by IRDA

The Insurance Regulatory and Development Authority of India has imposed Rs. 65 lakh penalty on...

Pre-existing diseases to get...

  The General Insurance Council has given a uniform definition for pre-existing diseases. These...

LIC leaps to support Indian Equity...

  Life Insurance Corporation of India(LIC), India's largest domestic institutional investor,...

Doubts placed by Companies on biz cap

  As per the recent ordinance passed by the IRDAI on licensing of corporate agents which stated...

Llyod in its journey to India

  Encouraged by the government's decision to push insurance reforms, UK-based re-insurance giant...

More demand of Motor products online

A recent report given by Google India and ICICI Lombard General Insurance  has revealed that in...

Cabinet nods the insurance pension...

The Union Cabinet  had approved the operation of three Centre-sponsored insurance and pension...

LIC organises 55th All India Sr. Divisional Mangers' Conference
LIC organises 55th All India Sr....

The 55th All India Sr. Divisional Managers' Conference, annual strategy meeting of LIC of India...

Bajaj Allianz General net profit...

 Bajaj Allianz General Insurance has posted a 37 per cent rise in profit after tax to Rs 562...

United India declares Rs. 301 cr profit

 United India Insurance Company has reported a profit after Tax of Rs 301 crore in 2014-15. The...

Domestic Travel Guard  from Tata AIG General Insurance
Domestic Travel Guard from Tata AIG...

  A holiday is for a great change away from home. But what do you do if you fall ill...

ICICI Pru Smart Life from ICICI Prudential Life Insurance
ICICI Pru Smart Life from ICICI...

  ICICI Prudential Life Insurance has launched a new dual protection unit linked insurance plan...

Micro Insurance - Will initiatives &...

Micro-Insurance - At the moment in practice:From its origin, the concept of insurance remains...

Sigma 1/2015: emerging markets ready...

The latest sigma study, Keeping healthy in the emerging markets: insurance can help (see download...

SBI take into service PwC for valuation, IAG supports Deloitte for JV
SBI take into service PwC for...

State Bank of India  is ardent to divest further stake in its foreign partner Insurance Australia...

Bharti's insurance ventures' zooms high
Bharti's insurance ventures' zooms high

The Bharti group's stake valuation has gone up multiple times in both life and general insurance...

Half of the world's rural population...

A recent ILO report  has revealed that more than half of the world's rural population (56 per...

LIC sets ambitious target for east zone
LIC sets ambitious target for east zone

With the back of a stronger product portfolio and tie-ups with the banks.The LIC is aiming for a...

LIC raises stake in Canara Bank, Bank of Baroda
LIC raises stake in Canara Bank, Bank...

The  Life Insurance Corporation (LIC) has raised stake in state-owned Canara Bank by about 7.7...

IRDAI mulling over e-Insurance

Earlier  the concept of E Insurance was piloted in paperless form through insurance repositories....

Global reinsurers firm steps in India...

After receiving licenses from the Insurance Regulatory and Development Authority of India which...

GDP in motor insurance to cross Rs....

The gross direct premium earned by general insurance companies from the motor vehicle industry in...

Insurance Demand

The Federation of West Bengal Trade Association has demanded that all markets owned by KMC should...

Popularizing Health Insurance through...

It was a wonderful spectacle to watch millions of people all over India taking to Yoga even...

Munich Re Confirms Riess as Future...

The Supervisory Board of ERGO Versicherungsgruppe AG has appointed Markus Riess to the ERGO Board...

Benett, Coleman to buy majority stake...

Religare Enterprises Ltd (Religare) has decided to sell its 44 percent stake in Aegon Religare...

A single-premium health cover for...

Insurance Regulatory & Development Authority of India (IRDAI)  is on the verge of drawing...

LIC : Towering over the rest

The top 10 insurance companies hold more than Rs 4.56 lakh crore in Indian equities. Life...

Not more than 10% paid-up shares in...

The IRDAI in lieu of the backdrop of the recent hike in the upper cap of foreign direct...

Insurers' valuations may sink

Valuations of insurance companies, tied to banks, are set to plunge, given the new distribution...

Best High Return Investment Options

  Investors often find themselves at cross roads while going through the various investment...

A Comprehensive Guide on Pension Plans

  The basic purpose of pension planning is to create a steady and stable source of income for the...

The importance of insurance to a...

  At times they may seem invincible, but in reality, multinational companies are just as...

Maximize Your Tax Savings in India

Reducing tax liability and maximizing savings in India can done by a three-pronged strategy...

Importance of Family Medical Health...

There has been a rise in lifestyle related diseases and the chances of passing them on to the...

Child Insurance Investment —...

Being a parent is the most responsible job in this world, and every parent has the duty of...

SBI Life Pledges Education to Cancer Affected Children
SBI Life Pledges Education to Cancer...

Taking its Corporate Social Responsibility initiative to newer heights, SBI Life Insurance...

IRDAI to dematerialize High-value insurance
IRDAI to dematerialize High-value...

The Regulator is planning to dematerialize the policies with an annual premium of Rs.50,000 for...

How to Identify Lost or Unclaimed...

  Lost or unclaimed insurance amount as the name suggests are the dormant policy amounts that are...

Health Insurance for Newborn Children...

The birth of a child is always an exciting affair with lots of joy and happiness. However, as a...

Travel Insurance  Policy from Bajaj Allianz General Insurance  Co. Ltd
Travel Insurance Policy from Bajaj...

      Studying abroad in a foreign land entails a lot of risk. Medical expenses in foreign...

Home Shield Insurance from Royal Sundaram Alliance Insurance
Home Shield Insurance from Royal...

      Home Shield is a comprehensive Home Insurance Policy which offers protection to your home...

Association of third party administrators seeks clarity
Association of third party...

The public interest litigation (PIL)  filed in the Bombay High Court by activist Gaurang Damani...

SC declares Compulsory retirement for misappropriation
SC declares Compulsory retirement for...

The Supreme Court has declared a  compulsory retirement to an LIC cashier for misappropriating...

IRDA asks Insurers to devise simple, low cost products
IRDA asks Insurers to devise simple,...

      In a review meeting which was held  on the performance of the public sector insurance...

Life insurers asked to submit data: IRDA
Life insurers asked to submit data: IRDA

The sectoral regulator IRDA has asked life insurance companies to submit data for the last four...

Benefits of Buying Term Life...

      Term life insurance policy is a kind of policy that offers coverage for a limited term (as...

Understanding Mediclaim Better –...

      Investing in a good medical insurance policy has become more crucial than ever, especially...

Disaster Management

      Disaster Management is the discipline of dealing with and avoiding risks. It is a...

E-mail spoofing using the domain irda.gov.org
E-mail spoofing using the domain...

From IRDA: It has come to our notice that certain unscrupulous entities/persons have allegedly...

POST GRADUATE DIPLOMA ON HEALTH INSURANCE IN COLLABORATION WITH UNIVERSITY OF MUMBAI
POST GRADUATE DIPLOMA ON HEALTH...

Health insurance has become a vital component of the Indian insurance industry and is growing at...

Deadline of 60 days for- Life insurance payouts
Deadline of 60 days for- Life...

      At present the mandate demands that all claims have to be settled within six months, and...

Tata AIA life joins hands with Citibank
Tata AIA life joins hands with Citibank

Tata AIA Life insurance company has entered into a bancassurance partnership with Citibank to...

One out of every five Private life Insurance claims rejected
One out of every five Private life...

Insurance Fraud has not been seriously addressed in India  Insurers say they are forced to...

LIC  lags private insurers in claims settlement
LIC lags private insurers in claims...

The Insurance Regulatory and Development Authority of India in its annual report 2013-14 has...

Higher FDI will benefit insurers: Moody's
Higher FDI will benefit insurers:...

      The  Moody's Investors Service believes that a higher foreign investment limit is "credit...

Govt staff, tax payers not eligible under PMJDY
Govt staff, tax payers not eligible...

The Financial Services Department of the Finance Ministry has prepared detailed guidelines for...

Excise duty in vehicles segment fades insurers' hope
Excise duty in vehicles segment fades...

The General  Insurance sector which had hoped for a revival of the sales of automobiles in the...

UII organizes mega insurance convention
UII organizes mega insurance convention

United India Insurance organized a mega insurance advisor's convention 'Make India Insure' in...

Benefit from the Income Tax Slabs for...

      When planning your finances, it is important for you to understand tax slabs and...

BMI & Insurance Rates - How does BMI...

BMI which is the body mass index is an important tool considered by insurance companies in...

Partners of Fraud Company Maples...

Kolkata: Partners of Maples Publications, Amit Gupta & Jitendra Malhotra has been arrested by...

Cigna TTK Health Insurance expands in 5 more cities
Cigna TTK Health Insurance expands in...

Cigna TTK Health Insurance a joint venture between U.S. based global health service leader, Cigna...

Bharti AXA Life launches ‘Elite Advantage’
Bharti AXA Life launches ‘Elite...

Bharti AXA Life Insurance, the private life insurance joint venture between Bharti Enterprises...

Go Paper less ! Secure all your Policies in electronic Insurance A/c (eIA), With SHCIL Insurance Repository (SHCIL-IR) absolutely FREE OF COST
Go Paper less ! Secure all your...

eIA stands for e-Insurance Account or “Electronic Insurance Account” which will safeguard the...

Karnataka Vikas Grameena Bank tiesup with IndiaFirst Life to offer insurance products
Karnataka Vikas Grameena Bank tiesup...

Karnataka Vikas Grameena Bank (KVGB) owned by Government-Sponsored by Syndicate Bank, one of the...

Future Generali India Life Insurance launches the Care Plus Plan
Future Generali India Life Insurance...

Future Generali India Life Insurance Company Limited (FGILI), a joint venture between Future...

Solved Paper for General Insurance Accounts and Regulation of Investment IC46 for associateship
Solved Paper for General Insurance...

Launching of Guide Book for IC46 Plus Mock Test                   Guide...

Get FREE E-Insurance Account
Get FREE E-Insurance Account

You have been enjoying the benefits of Demat account and would have experienced the ease and...

2014 Budget Speech Extracts of Sri Arun Jaitely, Finance Minister, India relating to Direct Tax Proposals
2014 Budget Speech Extracts of Sri...

I do not propose to make any change in the tax rate.  However, with a view to provide relief to...

Budget 2014 - Highlights for Insurance Sector
Budget 2014 - Highlights for...

Budget Speech By Sri Arun Jaitely, Finance Minister The Insurance sector is investment starved....

Budget Reactions from Future Generali India
Budget Reactions from Future Generali...

“The budget announcement on increasing FDI cap in insurance to 49% is a positive step forward. We...

Budget Reaction - Mr. Antony Jacob, CEO, Apollo Munich Health Insurance
Budget Reaction - Mr. Antony Jacob,...

Today's Union Budget speech has certainly brought good news for the insurance sector by the...

Future Generali India Insurance ties up with Punjab & Maharashtra Co-operative Bank
Future Generali India Insurance ties...

Future Generali India Insurance, a joint venture between India’s leading retailer Future Group...

Max Bupa wins the technology award at the fourth edition of India Insurance Awards
Max Bupa wins the technology award at...

Max Bupa has been conferred with top honor for technology maturity at the fourth edition of India...

Research on Fraud in Health Insurance...

Insurance Sector in India is expanding rapidly with stiff competition in the insurance industry....

 Indian millionaires are expected to grow at a strong pace- WealthInsight
Indian millionaires are expected to...

According to a new report from WealthInsight, Indian millionaires are expected to grow at a...

 Insurers to offer products exclusively through specific distribution channel
Insurers to offer products...

      Instead of selling the same insurance products across various distribution channels,...

Family floaters gain as healthcare costs rise
Family floaters gain as healthcare...

In a bid to cut down their health insurance bill, buyers are increasingly turning to family...

Private health insurers cover 65% policy holders
Private health insurers cover 65%...

Around 65 per cent of health insurance policy holders in the country are covered by private...

LIC buys Rs. 4,300 cr loans from 7 states
LIC buys Rs. 4,300 cr loans from 7...

Life Insurance Corporation of India (LIC) has bought debt worth about Rs 4,300 crore in state...

IRDA initiates study for group insurance policies
IRDA initiates study for group...

Insurance Regulatory and Development Authority of India has initiated a study regarding the...

Guide for Insurance Brokers Exam from...

  Guide for Insurance Brokers Exam from The Insurance Times ( For Online Exam conducted by NIA...

Canara bank inks memorandum with LIC

Canara Bank has entered into a MoU with Life Insurance Corporation of India for offering the...

Insurance behemoth's exposure in...

The financial sector has a pride of place in the equity portfolio of government-owned Life...

IRDAI directs health cover discounts...

The regulator IRDAI  in an attempt to provide the best and cost effective services for the...

Correct anomalies in product pricing:...

The Insurance Regulatory and Development Authority of India (IRDAI) has directed the  insurers to...

Psychiatric test for pilots likely...

The cost of insurance for aviation companies may rise if the Directorate General of Civil...

June 1 marks the start of a new...

The new service tax rate of 14% will come into effect from June 1, top government sources said,...

Foreign firms show interest for...

With the Indian nuclear insurance pool falling short by Rs.600 crore, some foreign companies have...

Life Insurance Council pushes regulator for 50% concession in re-insurance rate
Life Insurance Council pushes...

   Life Insurance Council has urged the regulator for 50% concession in re-insurance rate on...

'Care' - Health Insurance Policy  from Religare Health Insurance
'Care' - Health Insurance Policy ...

  Religare Health Insurance plan provides a comprehensive coverage, speedy claim settlements and...

Education Plan from Reliance Life Insurance
Education Plan from Reliance Life...

Reliance Education Plan is a non-linked, non-participating, specialist child insurance plan that...

Insurers in Japan expand foreign bond...

  Japanese life insurers are investing in the sovereign bonds of emerging countries such a Roland...

Insurance deal: Ace to buy Chubb for...

  Swiss insurer Ace Ltd, with operations in more than 50 nations, has agreed to purchase US based...

Cancer insurance acquires a key...

  “Cancer insurance is going to be an important segment for the healthcare insurance market and a...

IRDAI moots radical changes in health...

  The regulator is planning massive changes in health insurance, which include more incentive for...

LIC eyes Rs.31,000 cr first premium

  Life Insurance Corporation of India (LIC) is looking to collect at least Rs.31,000 crore as...

Life Insurance Council takes into...

  Life Insurance Council is working hard towards making the Pradhan Mantri Jeevan Jyoti Bima...

LIC surplus jumps by 10.33%  in FY 15
LIC surplus jumps by 10.33% in FY 15

  Life Insurance Corporation of India (LIC) reported a surplus of Rs.1,803.05 crore in FY 15, up...

GIC Re more interested to acquire...

  State owned reinsurer General Insurance Corporation Re has abandoned its expedition to buy a...

Most Indians without home insurance:...

A survey by Bajaj Allianz General Insurance said although 75 per cent of respondents were aware...

LIC gears up with the recruitment of apprentice officers
LIC gears up with the recruitment of...

  Life Insurance Corporation of India (LIC) will recruit 5,066 people for the post of Apprentice...

Hearing on SBI Life vs Irdai adjourned

The Securities Appellate Tribunal (SAT) has adjourned an appeal against the IRDAI  in a hearing...

Equity investments be called approved...

The Insurance Regulatory and Development authority of India (IRDAI), in its new draft on...

Agriculture insurance coverage needs...

The insurance coverage in the agriculture sector needs to be enhanced to protect the interest of...

GIC profit scales high to 20% in 2014-15
GIC profit scales high to 20% in 2014-15

State owned re-insurer General Insurance Corporation Re (GIC) has announced a profit of Rs.2,693...

DFS paves way for $3 bn inflow into...

The Department of Financial Services (DFS) has given the green signal to Kotak Mahindra Bank's...

XBRL: An Important Tool for Insurance...

Insurance is necessary for protection against future financial loss from injury, illness,...

Review of the draft "Road Transport ...

  1-Introduction On 13/09/2014, Ministry of Road Transport and Highways, Government of India,...

Insurers appeal NDMA for new building...

Non-life insurers, along with the Insurance Regulatory and Development Authority (Irda), will...

West Bengal leads in Rashtriya...

West Bengal has turned out to be the best performer in the  Rashtriya Swasthya Bima Yojana...

LIC commits Rs. 1.5 lakh cr...

Life Insurance Corporation had committed to invest Rs 1.5 lakh crore in Indian railways over the...

Govt equipped to handle any disaster...

  The government declared that India, after directing  its rescue and relief efforts in...

Applying for Life Insurance Plans Online: Things to Remember
Applying for Life Insurance Plans...

Buying a life insurance is the first step towards protecting yourself and the ones you care...

Different Ways to Accelerate Retirement Savings
Different Ways to Accelerate...

Planning your retirement savings is an important task, as you have to consider the financial...

LIC under invested in banking stocks
LIC under invested in banking stocks

Life Insurance Corporation of India (LIC) is under invested in banking stocks compared to the...

India First Life penalized by IRDA
India First Life penalized by IRDA

The Insurance Regulatory and Development Authority of India has imposed Rs. 65 lakh penalty on...

Pre-existing diseases to get...

  The General Insurance Council has given a uniform definition for pre-existing diseases. These...

LIC leaps to support Indian Equity...

  Life Insurance Corporation of India(LIC), India's largest domestic institutional investor,...

Doubts placed by Companies on biz cap

  As per the recent ordinance passed by the IRDAI on licensing of corporate agents which stated...

Llyod in its journey to India

  Encouraged by the government's decision to push insurance reforms, UK-based re-insurance giant...

More demand of Motor products online

A recent report given by Google India and ICICI Lombard General Insurance  has revealed that in...

Cabinet nods the insurance pension...

The Union Cabinet  had approved the operation of three Centre-sponsored insurance and pension...

LIC organises 55th All India Sr. Divisional Mangers' Conference
LIC organises 55th All India Sr....

The 55th All India Sr. Divisional Managers' Conference, annual strategy meeting of LIC of India...

Bajaj Allianz General net profit...

 Bajaj Allianz General Insurance has posted a 37 per cent rise in profit after tax to Rs 562...

United India declares Rs. 301 cr profit

 United India Insurance Company has reported a profit after Tax of Rs 301 crore in 2014-15. The...

Domestic Travel Guard  from Tata AIG General Insurance
Domestic Travel Guard from Tata AIG...

  A holiday is for a great change away from home. But what do you do if you fall ill...

ICICI Pru Smart Life from ICICI Prudential Life Insurance
ICICI Pru Smart Life from ICICI...

  ICICI Prudential Life Insurance has launched a new dual protection unit linked insurance plan...

Micro Insurance - Will initiatives &...

Micro-Insurance - At the moment in practice:From its origin, the concept of insurance remains...

Sigma 1/2015: emerging markets ready...

The latest sigma study, Keeping healthy in the emerging markets: insurance can help (see download...

SBI take into service PwC for valuation, IAG supports Deloitte for JV
SBI take into service PwC for...

State Bank of India  is ardent to divest further stake in its foreign partner Insurance Australia...

Bharti's insurance ventures' zooms high
Bharti's insurance ventures' zooms high

The Bharti group's stake valuation has gone up multiple times in both life and general insurance...

Half of the world's rural population...

A recent ILO report  has revealed that more than half of the world's rural population (56 per...

LIC sets ambitious target for east zone
LIC sets ambitious target for east zone

With the back of a stronger product portfolio and tie-ups with the banks.The LIC is aiming for a...

LIC raises stake in Canara Bank, Bank of Baroda
LIC raises stake in Canara Bank, Bank...

The  Life Insurance Corporation (LIC) has raised stake in state-owned Canara Bank by about 7.7...

IRDAI mulling over e-Insurance

Earlier  the concept of E Insurance was piloted in paperless form through insurance repositories....

Global reinsurers firm steps in India...

After receiving licenses from the Insurance Regulatory and Development Authority of India which...

GDP in motor insurance to cross Rs....

The gross direct premium earned by general insurance companies from the motor vehicle industry in...

Insurance Demand

The Federation of West Bengal Trade Association has demanded that all markets owned by KMC should...

Popularizing Health Insurance through...

It was a wonderful spectacle to watch millions of people all over India taking to Yoga even...

Munich Re Confirms Riess as Future...

The Supervisory Board of ERGO Versicherungsgruppe AG has appointed Markus Riess to the ERGO Board...

Benett, Coleman to buy majority stake...

Religare Enterprises Ltd (Religare) has decided to sell its 44 percent stake in Aegon Religare...

A single-premium health cover for...

Insurance Regulatory & Development Authority of India (IRDAI)  is on the verge of drawing...

LIC : Towering over the rest

The top 10 insurance companies hold more than Rs 4.56 lakh crore in Indian equities. Life...

Not more than 10% paid-up shares in...

The IRDAI in lieu of the backdrop of the recent hike in the upper cap of foreign direct...

Insurers' valuations may sink

Valuations of insurance companies, tied to banks, are set to plunge, given the new distribution...

Best High Return Investment Options

  Investors often find themselves at cross roads while going through the various investment...

A Comprehensive Guide on Pension Plans

  The basic purpose of pension planning is to create a steady and stable source of income for the...

The importance of insurance to a...

  At times they may seem invincible, but in reality, multinational companies are just as...

Maximize Your Tax Savings in India

Reducing tax liability and maximizing savings in India can done by a three-pronged strategy...

Importance of Family Medical Health...

There has been a rise in lifestyle related diseases and the chances of passing them on to the...

Child Insurance Investment —...

Being a parent is the most responsible job in this world, and every parent has the duty of...

SBI Life Pledges Education to Cancer Affected Children
SBI Life Pledges Education to Cancer...

Taking its Corporate Social Responsibility initiative to newer heights, SBI Life Insurance...

IRDAI to dematerialize High-value insurance
IRDAI to dematerialize High-value...

The Regulator is planning to dematerialize the policies with an annual premium of Rs.50,000 for...

How to Identify Lost or Unclaimed...

  Lost or unclaimed insurance amount as the name suggests are the dormant policy amounts that are...

Health Insurance for Newborn Children...

The birth of a child is always an exciting affair with lots of joy and happiness. However, as a...

Travel Insurance  Policy from Bajaj Allianz General Insurance  Co. Ltd
Travel Insurance Policy from Bajaj...

      Studying abroad in a foreign land entails a lot of risk. Medical expenses in foreign...

Home Shield Insurance from Royal Sundaram Alliance Insurance
Home Shield Insurance from Royal...

      Home Shield is a comprehensive Home Insurance Policy which offers protection to your home...

Association of third party administrators seeks clarity
Association of third party...

The public interest litigation (PIL)  filed in the Bombay High Court by activist Gaurang Damani...

SC declares Compulsory retirement for misappropriation
SC declares Compulsory retirement for...

The Supreme Court has declared a  compulsory retirement to an LIC cashier for misappropriating...

IRDA asks Insurers to devise simple, low cost products
IRDA asks Insurers to devise simple,...

      In a review meeting which was held  on the performance of the public sector insurance...

Life insurers asked to submit data: IRDA
Life insurers asked to submit data: IRDA

The sectoral regulator IRDA has asked life insurance companies to submit data for the last four...

Benefits of Buying Term Life...

      Term life insurance policy is a kind of policy that offers coverage for a limited term (as...

Understanding Mediclaim Better –...

      Investing in a good medical insurance policy has become more crucial than ever, especially...

Disaster Management

      Disaster Management is the discipline of dealing with and avoiding risks. It is a...

E-mail spoofing using the domain irda.gov.org
E-mail spoofing using the domain...

From IRDA: It has come to our notice that certain unscrupulous entities/persons have allegedly...

POST GRADUATE DIPLOMA ON HEALTH INSURANCE IN COLLABORATION WITH UNIVERSITY OF MUMBAI
POST GRADUATE DIPLOMA ON HEALTH...

Health insurance has become a vital component of the Indian insurance industry and is growing at...

Deadline of 60 days for- Life insurance payouts
Deadline of 60 days for- Life...

      At present the mandate demands that all claims have to be settled within six months, and...

Tata AIA life joins hands with Citibank
Tata AIA life joins hands with Citibank

Tata AIA Life insurance company has entered into a bancassurance partnership with Citibank to...

One out of every five Private life Insurance claims rejected
One out of every five Private life...

Insurance Fraud has not been seriously addressed in India  Insurers say they are forced to...

LIC  lags private insurers in claims settlement
LIC lags private insurers in claims...

The Insurance Regulatory and Development Authority of India in its annual report 2013-14 has...

Higher FDI will benefit insurers: Moody's
Higher FDI will benefit insurers:...

      The  Moody's Investors Service believes that a higher foreign investment limit is "credit...

Govt staff, tax payers not eligible under PMJDY
Govt staff, tax payers not eligible...

The Financial Services Department of the Finance Ministry has prepared detailed guidelines for...

Excise duty in vehicles segment fades insurers' hope
Excise duty in vehicles segment fades...

The General  Insurance sector which had hoped for a revival of the sales of automobiles in the...

UII organizes mega insurance convention
UII organizes mega insurance convention

United India Insurance organized a mega insurance advisor's convention 'Make India Insure' in...

Benefit from the Income Tax Slabs for...

      When planning your finances, it is important for you to understand tax slabs and...

BMI & Insurance Rates - How does BMI...

BMI which is the body mass index is an important tool considered by insurance companies in...

Partners of Fraud Company Maples...

Kolkata: Partners of Maples Publications, Amit Gupta & Jitendra Malhotra has been arrested by...

Cigna TTK Health Insurance expands in 5 more cities
Cigna TTK Health Insurance expands in...

Cigna TTK Health Insurance a joint venture between U.S. based global health service leader, Cigna...

Bharti AXA Life launches ‘Elite Advantage’
Bharti AXA Life launches ‘Elite...

Bharti AXA Life Insurance, the private life insurance joint venture between Bharti Enterprises...

Go Paper less ! Secure all your Policies in electronic Insurance A/c (eIA), With SHCIL Insurance Repository (SHCIL-IR) absolutely FREE OF COST
Go Paper less ! Secure all your...

eIA stands for e-Insurance Account or “Electronic Insurance Account” which will safeguard the...

Karnataka Vikas Grameena Bank tiesup with IndiaFirst Life to offer insurance products
Karnataka Vikas Grameena Bank tiesup...

Karnataka Vikas Grameena Bank (KVGB) owned by Government-Sponsored by Syndicate Bank, one of the...

Guide for Insurance Brokers Exam from...

  Guide for Insurance Brokers Exam from The Insurance Times ( For Online Exam conducted by NIA...

Canara bank inks memorandum with LIC

Canara Bank has entered into a MoU with Life Insurance Corporation of India for offering the...

Insurance behemoth's exposure in...

The financial sector has a pride of place in the equity portfolio of government-owned Life...

IRDAI directs health cover discounts...

The regulator IRDAI  in an attempt to provide the best and cost effective services for the...

Correct anomalies in product pricing:...

The Insurance Regulatory and Development Authority of India (IRDAI) has directed the  insurers to...

Psychiatric test for pilots likely...

The cost of insurance for aviation companies may rise if the Directorate General of Civil...

June 1 marks the start of a new...

The new service tax rate of 14% will come into effect from June 1, top government sources said,...

Foreign firms show interest for...

With the Indian nuclear insurance pool falling short by Rs.600 crore, some foreign companies have...

Life Insurance Council pushes regulator for 50% concession in re-insurance rate
Life Insurance Council pushes...

   Life Insurance Council has urged the regulator for 50% concession in re-insurance rate on...

'Care' - Health Insurance Policy  from Religare Health Insurance
'Care' - Health Insurance Policy ...

  Religare Health Insurance plan provides a comprehensive coverage, speedy claim settlements and...

Education Plan from Reliance Life Insurance
Education Plan from Reliance Life...

Reliance Education Plan is a non-linked, non-participating, specialist child insurance plan that...

Insurers in Japan expand foreign bond...

  Japanese life insurers are investing in the sovereign bonds of emerging countries such a Roland...

Insurance deal: Ace to buy Chubb for...

  Swiss insurer Ace Ltd, with operations in more than 50 nations, has agreed to purchase US based...

Cancer insurance acquires a key...

  “Cancer insurance is going to be an important segment for the healthcare insurance market and a...

IRDAI moots radical changes in health...

  The regulator is planning massive changes in health insurance, which include more incentive for...

LIC eyes Rs.31,000 cr first premium

  Life Insurance Corporation of India (LIC) is looking to collect at least Rs.31,000 crore as...

Life Insurance Council takes into...

  Life Insurance Council is working hard towards making the Pradhan Mantri Jeevan Jyoti Bima...

LIC surplus jumps by 10.33%  in FY 15
LIC surplus jumps by 10.33% in FY 15

  Life Insurance Corporation of India (LIC) reported a surplus of Rs.1,803.05 crore in FY 15, up...

GIC Re more interested to acquire...

  State owned reinsurer General Insurance Corporation Re has abandoned its expedition to buy a...

Most Indians without home insurance:...

A survey by Bajaj Allianz General Insurance said although 75 per cent of respondents were aware...

LIC gears up with the recruitment of apprentice officers
LIC gears up with the recruitment of...

  Life Insurance Corporation of India (LIC) will recruit 5,066 people for the post of Apprentice...

Hearing on SBI Life vs Irdai adjourned

The Securities Appellate Tribunal (SAT) has adjourned an appeal against the IRDAI  in a hearing...

Equity investments be called approved...

The Insurance Regulatory and Development authority of India (IRDAI), in its new draft on...

Agriculture insurance coverage needs...

The insurance coverage in the agriculture sector needs to be enhanced to protect the interest of...

GIC profit scales high to 20% in 2014-15
GIC profit scales high to 20% in 2014-15

State owned re-insurer General Insurance Corporation Re (GIC) has announced a profit of Rs.2,693...

DFS paves way for $3 bn inflow into...

The Department of Financial Services (DFS) has given the green signal to Kotak Mahindra Bank's...

XBRL: An Important Tool for Insurance...

Insurance is necessary for protection against future financial loss from injury, illness,...

Review of the draft "Road Transport ...

  1-Introduction On 13/09/2014, Ministry of Road Transport and Highways, Government of India,...

Insurers appeal NDMA for new building...

Non-life insurers, along with the Insurance Regulatory and Development Authority (Irda), will...

West Bengal leads in Rashtriya...

West Bengal has turned out to be the best performer in the  Rashtriya Swasthya Bima Yojana...

LIC commits Rs. 1.5 lakh cr...

Life Insurance Corporation had committed to invest Rs 1.5 lakh crore in Indian railways over the...

Govt equipped to handle any disaster...

  The government declared that India, after directing  its rescue and relief efforts in...

Applying for Life Insurance Plans Online: Things to Remember
Applying for Life Insurance Plans...

Buying a life insurance is the first step towards protecting yourself and the ones you care...

Different Ways to Accelerate Retirement Savings
Different Ways to Accelerate...

Planning your retirement savings is an important task, as you have to consider the financial...

LIC under invested in banking stocks
LIC under invested in banking stocks

Life Insurance Corporation of India (LIC) is under invested in banking stocks compared to the...

India First Life penalized by IRDA
India First Life penalized by IRDA

The Insurance Regulatory and Development Authority of India has imposed Rs. 65 lakh penalty on...

Pre-existing diseases to get...

  The General Insurance Council has given a uniform definition for pre-existing diseases. These...

LIC leaps to support Indian Equity...

  Life Insurance Corporation of India(LIC), India's largest domestic institutional investor,...

Doubts placed by Companies on biz cap

  As per the recent ordinance passed by the IRDAI on licensing of corporate agents which stated...

Llyod in its journey to India

  Encouraged by the government's decision to push insurance reforms, UK-based re-insurance giant...

More demand of Motor products online

A recent report given by Google India and ICICI Lombard General Insurance  has revealed that in...

Cabinet nods the insurance pension...

The Union Cabinet  had approved the operation of three Centre-sponsored insurance and pension...

LIC organises 55th All India Sr. Divisional Mangers' Conference
LIC organises 55th All India Sr....

The 55th All India Sr. Divisional Managers' Conference, annual strategy meeting of LIC of India...

Bajaj Allianz General net profit...

 Bajaj Allianz General Insurance has posted a 37 per cent rise in profit after tax to Rs 562...

United India declares Rs. 301 cr profit

 United India Insurance Company has reported a profit after Tax of Rs 301 crore in 2014-15. The...

Domestic Travel Guard  from Tata AIG General Insurance
Domestic Travel Guard from Tata AIG...

  A holiday is for a great change away from home. But what do you do if you fall ill...

ICICI Pru Smart Life from ICICI Prudential Life Insurance
ICICI Pru Smart Life from ICICI...

  ICICI Prudential Life Insurance has launched a new dual protection unit linked insurance plan...

Micro Insurance - Will initiatives &...

Micro-Insurance - At the moment in practice:From its origin, the concept of insurance remains...

Sigma 1/2015: emerging markets ready...

The latest sigma study, Keeping healthy in the emerging markets: insurance can help (see download...

SBI take into service PwC for valuation, IAG supports Deloitte for JV
SBI take into service PwC for...

State Bank of India  is ardent to divest further stake in its foreign partner Insurance Australia...

Bharti's insurance ventures' zooms high
Bharti's insurance ventures' zooms high

The Bharti group's stake valuation has gone up multiple times in both life and general insurance...

Half of the world's rural population...

A recent ILO report  has revealed that more than half of the world's rural population (56 per...

LIC sets ambitious target for east zone
LIC sets ambitious target for east zone

With the back of a stronger product portfolio and tie-ups with the banks.The LIC is aiming for a...

LIC raises stake in Canara Bank, Bank of Baroda
LIC raises stake in Canara Bank, Bank...

The  Life Insurance Corporation (LIC) has raised stake in state-owned Canara Bank by about 7.7...

IRDAI mulling over e-Insurance

Earlier  the concept of E Insurance was piloted in paperless form through insurance repositories....

Global reinsurers firm steps in India...

After receiving licenses from the Insurance Regulatory and Development Authority of India which...

GDP in motor insurance to cross Rs....

The gross direct premium earned by general insurance companies from the motor vehicle industry in...

Insurance Demand

The Federation of West Bengal Trade Association has demanded that all markets owned by KMC should...

Popularizing Health Insurance through...

It was a wonderful spectacle to watch millions of people all over India taking to Yoga even...

Munich Re Confirms Riess as Future...

The Supervisory Board of ERGO Versicherungsgruppe AG has appointed Markus Riess to the ERGO Board...

Benett, Coleman to buy majority stake...

Religare Enterprises Ltd (Religare) has decided to sell its 44 percent stake in Aegon Religare...

A single-premium health cover for...

Insurance Regulatory & Development Authority of India (IRDAI)  is on the verge of drawing...

LIC : Towering over the rest

The top 10 insurance companies hold more than Rs 4.56 lakh crore in Indian equities. Life...

Not more than 10% paid-up shares in...

The IRDAI in lieu of the backdrop of the recent hike in the upper cap of foreign direct...

Insurers' valuations may sink

Valuations of insurance companies, tied to banks, are set to plunge, given the new distribution...

Best High Return Investment Options

  Investors often find themselves at cross roads while going through the various investment...

A Comprehensive Guide on Pension Plans

  The basic purpose of pension planning is to create a steady and stable source of income for the...

The importance of insurance to a...

  At times they may seem invincible, but in reality, multinational companies are just as...

Maximize Your Tax Savings in India

Reducing tax liability and maximizing savings in India can done by a three-pronged strategy...

Importance of Family Medical Health...

There has been a rise in lifestyle related diseases and the chances of passing them on to the...

Child Insurance Investment —...

Being a parent is the most responsible job in this world, and every parent has the duty of...

SBI Life Pledges Education to Cancer Affected Children
SBI Life Pledges Education to Cancer...

Taking its Corporate Social Responsibility initiative to newer heights, SBI Life Insurance...

IRDAI to dematerialize High-value insurance
IRDAI to dematerialize High-value...

The Regulator is planning to dematerialize the policies with an annual premium of Rs.50,000 for...

How to Identify Lost or Unclaimed...

  Lost or unclaimed insurance amount as the name suggests are the dormant policy amounts that are...

Health Insurance for Newborn Children...

The birth of a child is always an exciting affair with lots of joy and happiness. However, as a...

Travel Insurance  Policy from Bajaj Allianz General Insurance  Co. Ltd
Travel Insurance Policy from Bajaj...

      Studying abroad in a foreign land entails a lot of risk. Medical expenses in foreign...

Home Shield Insurance from Royal Sundaram Alliance Insurance
Home Shield Insurance from Royal...

      Home Shield is a comprehensive Home Insurance Policy which offers protection to your home...

Association of third party administrators seeks clarity
Association of third party...

The public interest litigation (PIL)  filed in the Bombay High Court by activist Gaurang Damani...

SC declares Compulsory retirement for misappropriation
SC declares Compulsory retirement for...

The Supreme Court has declared a  compulsory retirement to an LIC cashier for misappropriating...

IRDA asks Insurers to devise simple, low cost products
IRDA asks Insurers to devise simple,...

      In a review meeting which was held  on the performance of the public sector insurance...

Life insurers asked to submit data: IRDA
Life insurers asked to submit data: IRDA

The sectoral regulator IRDA has asked life insurance companies to submit data for the last four...

Benefits of Buying Term Life...

      Term life insurance policy is a kind of policy that offers coverage for a limited term (as...

Understanding Mediclaim Better –...

      Investing in a good medical insurance policy has become more crucial than ever, especially...

Disaster Management

      Disaster Management is the discipline of dealing with and avoiding risks. It is a...

E-mail spoofing using the domain irda.gov.org
E-mail spoofing using the domain...

From IRDA: It has come to our notice that certain unscrupulous entities/persons have allegedly...

POST GRADUATE DIPLOMA ON HEALTH INSURANCE IN COLLABORATION WITH UNIVERSITY OF MUMBAI
POST GRADUATE DIPLOMA ON HEALTH...

Health insurance has become a vital component of the Indian insurance industry and is growing at...

Deadline of 60 days for- Life insurance payouts
Deadline of 60 days for- Life...

      At present the mandate demands that all claims have to be settled within six months, and...

Tata AIA life joins hands with Citibank
Tata AIA life joins hands with Citibank

Tata AIA Life insurance company has entered into a bancassurance partnership with Citibank to...

One out of every five Private life Insurance claims rejected
One out of every five Private life...

Insurance Fraud has not been seriously addressed in India  Insurers say they are forced to...

LIC  lags private insurers in claims settlement
LIC lags private insurers in claims...

The Insurance Regulatory and Development Authority of India in its annual report 2013-14 has...

Higher FDI will benefit insurers: Moody's
Higher FDI will benefit insurers:...

      The  Moody's Investors Service believes that a higher foreign investment limit is "credit...

Govt staff, tax payers not eligible under PMJDY
Govt staff, tax payers not eligible...

The Financial Services Department of the Finance Ministry has prepared detailed guidelines for...

Excise duty in vehicles segment fades insurers' hope
Excise duty in vehicles segment fades...

The General  Insurance sector which had hoped for a revival of the sales of automobiles in the...

UII organizes mega insurance convention
UII organizes mega insurance convention

United India Insurance organized a mega insurance advisor's convention 'Make India Insure' in...

Benefit from the Income Tax Slabs for...

      When planning your finances, it is important for you to understand tax slabs and...

BMI & Insurance Rates - How does BMI...

BMI which is the body mass index is an important tool considered by insurance companies in...

Partners of Fraud Company Maples...

Kolkata: Partners of Maples Publications, Amit Gupta & Jitendra Malhotra has been arrested by...

Cigna TTK Health Insurance expands in 5 more cities
Cigna TTK Health Insurance expands in...

Cigna TTK Health Insurance a joint venture between U.S. based global health service leader, Cigna...

Bharti AXA Life launches ‘Elite Advantage’
Bharti AXA Life launches ‘Elite...

Bharti AXA Life Insurance, the private life insurance joint venture between Bharti Enterprises...

Go Paper less ! Secure all your Policies in electronic Insurance A/c (eIA), With SHCIL Insurance Repository (SHCIL-IR) absolutely FREE OF COST
Go Paper less ! Secure all your...

eIA stands for e-Insurance Account or “Electronic Insurance Account” which will safeguard the...

Karnataka Vikas Grameena Bank tiesup with IndiaFirst Life to offer insurance products
Karnataka Vikas Grameena Bank tiesup...

Karnataka Vikas Grameena Bank (KVGB) owned by Government-Sponsored by Syndicate Bank, one of the...

Future Generali India Life Insurance launches the Care Plus Plan
Future Generali India Life Insurance...

Future Generali India Life Insurance Company Limited (FGILI), a joint venture between Future...

Solved Paper for General Insurance Accounts and Regulation of Investment IC46 for associateship
Solved Paper for General Insurance...

Launching of Guide Book for IC46 Plus Mock Test                   Guide...

Get FREE E-Insurance Account
Get FREE E-Insurance Account

You have been enjoying the benefits of Demat account and would have experienced the ease and...

2014 Budget Speech Extracts of Sri Arun Jaitely, Finance Minister, India relating to Direct Tax Proposals
2014 Budget Speech Extracts of Sri...

I do not propose to make any change in the tax rate.  However, with a view to provide relief to...

Budget 2014 - Highlights for Insurance Sector
Budget 2014 - Highlights for...

Budget Speech By Sri Arun Jaitely, Finance Minister The Insurance sector is investment starved....

Budget Reactions from Future Generali India
Budget Reactions from Future Generali...

“The budget announcement on increasing FDI cap in insurance to 49% is a positive step forward. We...

Budget Reaction - Mr. Antony Jacob, CEO, Apollo Munich Health Insurance
Budget Reaction - Mr. Antony Jacob,...

Today's Union Budget speech has certainly brought good news for the insurance sector by the...

Future Generali India Insurance ties up with Punjab & Maharashtra Co-operative Bank
Future Generali India Insurance ties...

Future Generali India Insurance, a joint venture between India’s leading retailer Future Group...

Max Bupa wins the technology award at the fourth edition of India Insurance Awards
Max Bupa wins the technology award at...

Max Bupa has been conferred with top honor for technology maturity at the fourth edition of India...

Research on Fraud in Health Insurance...

Insurance Sector in India is expanding rapidly with stiff competition in the insurance industry....

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