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Control of Sri Lanka’s Aviva NDB Insurance and a fund management unit is being bought by AIA Group, for 109 million US dollars, with joint venture partner, Colombo based NDB group, also exiting. Read more
The latest downpours have also raised concerns over the progress of talks between the insurance industry and government on the future provision of insurance for homes in flood-prone areas back into focus. Read more
Insurance Regulatory and Development Authority (IRDA) today released an exposure draft to revamp the Indian Institute of Surveyors and Loss Assessors (IIISLA) to make it more vibrant, responsible and professional in line with the objectives for which it was incorporated. Read more
Mizoram Chief Minister Lal Thanhawla said that insurance has become crucial and the system is also being put in place in the state, though it is not up to the mark. “Insurance offices will be set up in every district, for which purpose the Union Finance Minister is also approached,†he said while addressing a ‘National Seminar on Motor and Life Insurance’ held at Aijal Club. Read more
Those heading for education abroad require suitable insurance to safeguard against financial adversity. Such insurance provides one with various types of protection like medical coverage, cover for loss of baggage/passport, personal liability, study interruption, sponsor protection, compassionate visit etc. Read more
The Union finance ministry is lining up a slew of reforms to revive the insurance sector.
Read moreA CRPF employee, who suffered 54 per cent permanent disability in a road mishap here, has been awarded over Rs six lakhs as compensation by a Motor Accidents Claims Tribunal which deducted 25 per cent of the total damage saying the victim was driving his bike in an inebriated state. Read more
Sector regulator IRDA will soon develop a mechanism for faster approval of insurance policies and encourage companies to come out with low premium products for increasing insurance penetration, a senior government official said today. Read more
Reliance General Insurance Co Ltd has been ordered by a consumer forum here to pay over Rs 4.11 lakh to a policy holder for first denying him the cashless hospitalisation facility and then avoiding to reimburse his expenses on treatment. Read more
The supremacy of gold as an investment option and its store value has suffered setback in past few years and this precious yellow metal has lost its glitter and is no more branded as the most ideal investment. The investors have also discarded bullish phase of Real Estate that it enjoyed in eighties. Bank deposits are no longer the lifelines of the middle class investments.
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