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The health insurance arm of Religare group, Religare Health Insurance, collected Rs 23 crore in premium in seven months of entering the business in July 2012 covering 94,000 lives and has lined up a slew of products and expansion in the coming two to three years.
Read moreSrinidhi (name changed), a housewife, donated a part of her liver to her husband a few years ago. Even though she has no complications and is perfectly healthy, she was surprised to find that insurance companies rejected her application for comprehensive health cover. Read more
The finance ministry is planning to offer tax relief of up to Rs 50,000 on savings in pension and insurance products over and above the exemption of Rs 1 lakh under Section 80C of the income tax act. The National Pension Scheme (NPS) and products approved by the Insurance Regulatory and Development Authority are likely to be made eligible for the new benefits. Read more
Refusal to honour a claim has cost an insurance company dear, with the Maharashtra State Consumer forum slapping a hefty fine of Rs 24.3 lakh over and above the claim of Rs 29 lakh on the company. Read more
General Insurance Surveyors, also referred to as Surveyor & Loss Assessors, or SLA in short, are qualified, licensed & independent professionals.  The Surveyor & Loss Assessor’s license is granted by Insurance Regulatory & Development Authority (IRDA) as per the provisions of section 64UM of Insurance (Amendment) Act, 1968 and amended later during 2002. Read more
Nature of Jald Rahat Yojana – The Jald Rahat Yojana came into with effect from 14 th March. 1992. This is a Pre-litigation Scheme for settlement of Third Party Motor Insurance Claims for motor accident victims. Read more
Private insurer Birla Sun Life Insurance launched its first participating plan, BSLI Vision LifeIncome, offering regular guaranteed payouts, long-term savings and life Insurance benefit. Read more
General Insurance Corporation of India, the country’s sole reinsurer, has called for the understanding and support of all cedents at the 6th India Rendezvous, reports Asia Insurance Review.
Read moreThe race for the post of the chairman of Insurance Regulatory Development Authority (IRDA) may not be a done deal yet. The Central Vigilance Commission (CVC), it seems, is frowning at the proposal to appoint T S Vijayan, former chairman of the Life Insurance Corporation of India (LIC), according to sources familiar with the development.
Reliance Life Insurance Company (RLIC), a part of Reliance Capital Limited, recently announced the launch of Reliance Life Insurance Super Endowment Plan, a non-linked non-participating plan that offers guaranteed life cover and maturity benefits. Read more