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Health

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General insurance industry logs Rs1.7trillion of premium, private sector insurers gain 5 % market share in 2018-19

According to industry performance figures ,released by the General Insurance Council, the four main  public sector insurers, New India Assurance, United India Insurance, National Insurance and Oriental Insurance Company,  at Rs 68,719 crore of  total premium ,up 1,37 per cent , have ceded  five of their market share to the private sector insurers , excluding the stand alone health insurers,  which have mobilised a total premium of Rs 81,600 crore,up almost 25 per cnt ,during 2018-19.

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US jury sides with J&J in latest Talcum-Cancer claim

Plaintiff Robert Blinkinsop was diagnosed in July 2017 with mesothelioma, a rare cancer of the lining of the lung generally caused by asbestos exposure. Blinkinsop used Johnson’s baby powder daily for personal hygiene from 1977 to 1994 and on his children from 1992 to 1996, his attorney, Mark Bratt, said at trial. He also used the company’s Shower to Shower talc product.

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IRDA set to allow claim settlement in installments in healh & PA policies

IRDA has favoured the concept of payments of claims in installments in respect of personal accident policies issued by general and health insurers and benefit based health insurance policies issued by all insurers as  claims offer an income in the hands of the claimants for a reasonable period of time on the happening of the contingent event insured under an underlying policy. 

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