Accordingly, the IRDAI, in a recent circular, has asked the general...
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Insurers launch cashless hospitalisation facility for settling claims at all hospitals
(L to R) Segar Sampathkumar, Director, Health, General Insurance...
DGCA slaps Rs 1.10 crore penalty on Air India for safety violations
The regulator carried out a detailed probe after receiving a...
Govt to tweak bill to regulate digital media to ease burden on tech firms
India’s IT ministry has previously said stricter regulations were necessary to safeguard users and the nation’s security as the Internet has emerged as a “potent tool to cause unimaginable disruption to the democratic polity”.
HDFC ERGO Health and HDFC ERGO General to seek NCLT nod soon for their merger
AnujTyagi, executive director & chief business officer at HDFC ERGO General Insurance Company Limited(HDFC ERGO General) has been appointed as the new Managing Director & CEO ofHDFC ERGO Health, subject to approval from the IRDAI
10,349 farmers committed suicide in 2018: NCRB
Majority of suicides were reported in Maharashtra (17,972) followed by Tamil Nadu (13,896), West Bengal (13,255), Madhya Pradesh (11,775) and Karnataka (11,561), accounting for 13.4, 10.3, 9.9, 8.8 and 8.6 per cent respectively,
Cholamandalam GI and Toyota Tsusho lnsurance Broker penalised for violating MISP norms
Maruti lnsurance Broking Hero lnsurance Broking lndia have brought stays from the Securities Appellate Tribunal (SAT) against IRDAI’s decision to fine them for violating the Motor lnsurance Service Provider (MISP) norms
CCI looks into allegation against Maruti Suzuki over car insurance: Report
The Competition Commission of India (CCI) in June last year received an anonymous complaint alleging insurance plans recommended by Maruti while selling cars resulted in customers paying more compared with other options in the market.Based on the complaint, the CCI is assessing whether Maruti has engaged in so-called “tie-in arrangements”, in which a car maker promotes preferred suppliers of complementary goods such as lubricants or insurance, the sources said.
IRDAI penalises Malaysian brokers for cheating TATA-AIG in Rs 300 cr crop reinsurance deal
It all started when TATA-AIG General, which has since exited the crop insurance business after losing money heavily in the deal, made a complaint to IRDAI against Unison lnsurance Broker on Dec 21,2018 alleging fraud in reinsurance placement pertaining to crop insurance,with a premium of around Rs 300 crore in Rajasthan cluster for Kharif 2018.
Markel appoints Anirudh Singh as chief underwriting officer in India
Mumbai: Markel International, the specialist insurer, has appointed Anirudh Singh as India chief underwriting officer effective from December 24, 2019, highlighting Markel’s commitment to growing its presence in Asia. Anirudh will work closely with...
India predicts slower 5% growth, likely prompting budget stimulus
Annual economic growth slowed to 4.5% in the July-September quarter, the weakest pace since 2013, blamed on weakening demand and private investment, putting pressure on Prime Minister Narendra Modi to speed up reforms as five rate cuts have failed to help. The financial year ends in March.
India just experienced its hottest decade on record
More unpredictable weather — including more frequent droughts and heatwaves — can threaten harvests and food security, especially in developing nations such as India, climate scientists say.
IRDAI slaps a Rs 3 cr penalty against Aditya Birla Insurance Brokers for violating MISP norms
IRDAI has found fault with ABIBL as the broker has directly or indirectly controlled or interfered in determining of premier of policies.