Finance Minister Nirmala Sitharaman New Delhi: The Cabinet...
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ONGC makes significant progress in controlling blowout at Andhra well
The Crisis Management Team is progressing with operations in...
EV retail sales surge 16.37 pc to over 22.70 lakh units in 2025:FADA
"CY25 clearly reinforces that India's electrification journey is no...
India fastest growing economy to clock 6.7 pc growth over 3 years World Bank
"India will remain the fastest-growing of the world's largest economies, although its pace of expansion is expected to moderate. After a high growth rate in FY2023/24, steady growth of 6.7 per cent per year, on average, is projected for the three fiscal years...
GI Council to develop a tech platform auto-generating jobs seamlessly to surveyors for retail claims: IRDAI
The system should be developed in such a manner that whenever a claim is reported by the customer and registered by the insurer, the assignment of surveyor should happen automatically on a random basis by the new digital platform. The system will also seamlessly...
No retail general insurance claims can be rejected for want of documents, have to be settled within 7 days of survey report: IRDAI
The insurer has to decide on the claim within seven days of receipt of the survey report. This condition will not apply in case of policies issued on the property/building on reinstatement value basis. Any delay in settlement of the claims beyond the above stipulated...
Nirmala Sitharaman retains Finance Ministry portfolio in Modi’s third term
Nirmala Sitharaman, Union Finance Minister Sithraman, who will be presenting the full Budget for FY 24-25 in July, is expected to introduce bills soon for amendments to the Insurance Act, 1938, and the IRDAI Act to allow composite licensing for insurers New Delhi:...
IRDAI asks general insurers to provide `Customer Information Sheet’ to all of their retail policyholders
The IRDA has outlined 14 key points which have to be mentioned mandatorily in the `Customer Information Sheet' by the general insurers with immediate effect This is a positive step towards making insurance more customer-friendly, ensuring smoother claims services, and...
Jun 10 interview for IRDAI’s member, Non-life, postponed, new date yet to be fixed
After SK Rath, general manager(GM), GIC Re dropped out of the race, CS Radhika, GM, United India Insurance (UII) has been added to the list of five contenders New Delhi: In a last minute development, the government has postponed the interview scheduled on June 10 for...
In deepfake era photos claiming adultery by spouse to be proved by evidence Delhi HC
"We may take judicial notice of the fact that we are living in the era of deepfakes and, therefore, this is an aspect that the appellant/ husband, perhaps, would have to prove by way of evidence before the family court," the bench said New Delhi: In the era of...
Delhi hospitals rush for fire safety awareness sessions
Despite the recent spike in fire-related calls, the Delhi Fire Service(DFS) remains committed to reducing such incidents through education and timely intervention. The department noted that it had received a record 183 calls on May 30 and that 55 people have lost...
Odisha govt reassures public amid confusion over Biju Swasthya Kalyan Yojana continuity
The confusion stems from the BJP's announcement to implement the Ayushman Bharat scheme in place of BSKY upon assuming state power. Reports surfaced that hospitals began refusing BSKY benefits to patients in anticipation of this shift. Bhubaneswar:The Odisha...
Consumer forum directs LIC to pay Rs 2 lakh claim to widow of policyholder
In an order passed last month, the District Consumer Disputes Redressal Commission, South Mumbai, noted that guidelines of the Insurance Regulatory and Development Authority (IRDA) state all terms and conditions should be explained to the insured in the language known...