Debasish Panda, chairman,IRDAI ``It is our endeavour to implement...
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Prasun Sikdar joins as Bima Sugam CEO
IRDAI has fixed Apr 19,2025 as the date of the launch of Bima...
Sebi mulls expanding scope of unpublished price-sensitive information
In its consultation paper, Sebi has proposed that only agreements,...
Relaxing foreign-ownership laws will benefit Indian insurers:Fitch
“We believe increased international involvement, particularly from developed markets, will contribute positively to the development of distribution networks, use of technology in distribution as well as bring in expertise in areas such as marketing and client-servicing,” said Fitch.
Life insurers to refund premium in a yr old policy in case policyholder commits suicide:IRDAI
In case of non-linked policy, the nominee or beneficiary of the policyholder shall be entitled to at least 80 per cent of the total premiums paid till the date of death or the surrender value available as on the date of death whichever is higher, provided the policy is in force, said IRDAI in its revamped life insurance regulations that will be effective from Monday.
DGCA issues showcause notices to Chennai, Ahmedabad airport directors over safety lapses
Earlier this month, the main runway at the Mumbai airport was shut for more than three days after a SpiceJet plane from Jaipur veered off it while landing amid heavy rainfall on July 1 night and got stuck in the adjacent grass area.
K Ganesh appointed as member, Life,IRDAI
Insurers allowed to sell stand-alone OD auto covers from Sep 1
Consequently, effective from 1st September, 2019, the issuance of bundled policies for cars and two-wheelers will not be compulsory.Further, insurers will have the option to offer package policies, in addition to stand-alone OD and third party (TP) policies. Long term stand-alone OD policy will not be permitted for the present.
Five in the race to become Secretary of GI Council
The insurance professionals who are contenders for the post are:MN Sharma, former CMD, United India Insurance, John Pulinthanam. general manager & director,National Insurance Company, Balwant Singh, former general managers, OIC ,CR Vijayan, former GM & director, GIC Re , Deepak Sood, former CEO. Future Generali India Life Insurance Co
Khuntia Panel focuses on insurance penetration and natural disaster for action plans
The panel has asked Chandrasekaran, and Joydeep Roy of PwC to prepare a detailed report on what need to be done on issues like insurance penetration and natural disasters.
Airlines urge Nations’ Regulators to avoid competing Safety Rules
The head of the International Air Transport Association (IATA), representing 290 airlines or more than 80 percent of world traffic, backed the existing process that usually involves one host regulator lead certification for each type of new aircraft, in exchange for reciprocal agreements with other agencies across the world.Airlines want to “avoid each model being certified 1,000 times” but focus instead on a single lead regulator, Alexandre de Juniac told a meeting of aerospace executives in Paris.
Facebook reported agreeing to 20-yr Pact on Privacy Oversight by US Govt
The FTC has been investigating allegations that Facebook inappropriately shared information belonging to 87 million users with the now-defunct British political consulting firm Cambridge Analytica. The probe has focused on whether the sharing of data and other disputes violated the 2011 consent agreement.
IRDAI unveils norms on exclusions in health covers, new products from 1st April, 2020
Every health insurance product has to cover all pre existing diseases disclosed by the persons to be insured immediately after the expiry of the forty-eight months waiting period or such lower period as stipulated in the product, said the IRDA’s draft exposure draft.