by AIP Online Bureau | Jun 14, 2025 | Indian News, Life, Non-Life, Regulation
“Ensure that no claim is denied or delayed on account of procedural formalities in the case of confirmed deceased individuals from the passenger list and persons at the affected buildings of the crash area,” said the IRDAI Insurers have to submit a report...
by AIP Online Bureau | May 28, 2025 | Eco/Invest/Demography, Health, Indian News, Intermediaries, Non-Life, Policy, Technology
Finance minister Nirmala Sitharman chaired a review meeting of six Public Sector General Insurance Companies (PSGICs) in New Delhi today The importance of robust underwriting practices and portfolio optimisation was also highlighted by the FM with instructions to...
by AIP Online Bureau | Mar 23, 2025 | Eco/Invest/Demography, Indian News, Non-Life, Reinsurance
With a total premium of Rs 1655 crore, the claims ratio for IMTRIP was just 0.21 per cent in FY 24. Similarly, with a premium of Rs 1809 crore, the IMTRIP had a claim ratio of just 0.13 per cent in FY 23. Therefore, GIC Re and other members of the Pool had taken...
by AIP Online Bureau | Aug 24, 2024 | Indian News, Non-Life, Reinsurance, Technology
Shivraj Singh Chouhan ,Union Agriculture Minister On August 22, the Department of Agriculture and Farmers Welfare held a meeting of the National Technical Advisory Committee (TAC). The committee rejected the insurance company’s objections to crop-cutting...
by AIP Online Bureau | Jun 8, 2024 | Indian News, Life
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...
