“An untransferred insurance policy puts both the buyer and seller...
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Oriental Insurance puts Dubai operations under run off
``The OIC board has approved the decision and we have written to...
Building Climate Resilience: Strategies for Indian insurance industry
Climate change is a systemic risk that demands a systemic response....
Automobile retail sales see double-digit growth in Feb on robust demand
Total commercial vehicle retail sales in February grew 17 per cent to 79,027 units, as compared to 67,391 units in the same month last year. New Delhi: Automobile retail sales in India witnessed a double-digit year-on-year growth in February driven by robust sales...
India must align with leading global markets in freedom in pricing, coverage, limits and deductibles: RIMS/NIA study
The report provides global benchmarks on proven insurance practices, and discusses critical aspects like customer experiences, seamless claim settlements, and adoption of new technologies. The time is ripe for introducing changes in the insurance industry that will...
IRDAI now wants `Insurance for all’ by 2027, legal drive to expand nationwide motor TP cover to begin soon
Debasish Panda, chaIrman, IRDAI Armed wIth specific data from Vahan, a tech platform designed by the Ministry of Road Transport and Highways as a repository a of all the registered vehicles in the country, and Insurance Information Bureau(IIB) , which has data of all...
Long Covid associated with reduced brain oxygen levels cognitive impairment Study
In the case of the population study, "It appears that, regardless of gender and other demographic factors, COVID-19 infection at baseline is correlated with increased problems with emotion regulation six months later: depression, anxiety and agitation.In some cases,...
El Nino expected to return, likely to fuel spike in global temperatures
La Nina refers to the large-scale cooling of the ocean surface temperatures in the central and eastern equatorial Pacific Ocean, coupled with changes in the tropical atmospheric circulation The El Nino event may develop after three consecutive years of an unusually...
IRDAI now extends ‘Use & File’ procedure to Miscellaneous products with a sum assured up to 5 cr
With this move, all general insurance products, are now permitted to be filed under ‘Use and File’ procedure and can be launched without any prior approval. This will provide the vital fillip to the general insurance companies for a broad-based approach in designing...
Third of callers to national helpline reported anxiety, depression, suicidal thoughts: Survey
''One-third of people who reached out to us told us that they struggled with mental illness, anxiety, depression, and suicidal thoughts. Suicide killed more people in India than murders and coronavirus in 2022,'' said philanthropist Priya Hiranandani-Vandrevala, who...
Govt plans to develop 600 wayside amenities on highways including clinics
"The amenities will include numerous facilities for passengers such as Fuel Station, Electric Charging Facilities, Food Court, Retail Shops, Bank ATM, Children Play Area, Medical Clinic, Childcare room, Toilets with shower facility, Vehicle repair facility, Driver...
RCap Resolution: NCLAT allows Reliance Capital lenders’ plea for another round of bidding
The appellate tribunal permitted the CoC to continue with the challenge mechanism and invite bids after two weeks The NCLAT order came on a petition filed by Vistra ITCL (India), one of the lenders of Anil Ambani-promoted Reliance Capital, challenging an order of NCLT...
Insurers pay Bangladesh owner $22.48 mln after ship explosion in Ukraine
Insurance was provided by Dhaka-based Sadharan Bima Corp. and reinsured through Lloyd’s of London player Beazley and broker Tysers, they added “All the formalities with the reinsurer are done. The amount will be remitted by tomorrow, if not today,” Syed Belal Hossain,...