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Irdai sets up panel to simplify wording of insurance polices

Irdai sets up panel to simplify wording of insurance polices

by AIP Online Bureau | Oct 27, 2023 | Health, Indian News, Life, Non-Life

The Insurance Regulatory and Development Authority of India (Irdai) said policyholders often find it difficult to comprehend the terms and conditions in insurance policy contracts because of the complexity of the language used New Delhi: Regulator Irdai on Thursday...

Modify insurance policies, hold awareness drives: NHRC advisory for welfare of people with mental illness

by AIP Online Bureau | Oct 10, 2023 | Health, Indian News, Non-Life, Policy

Insurance policies and schemes should include treatment for mental illnesses to increase the accessibility and affordability of mental health care. To boost accessibility to treatments for mental disorders for financially disadvantaged populations, it is necessary to...

Case against Navi Mumbai man for selling fake vehicle insurance policies

by AIP Online Bureau | Jul 2, 2023 | Indian News, Non-Life

The fraud came to light when an accident claim was filed for one of the vehicles. During verification, it was found the policy issued by the accused was fake, APMC police station’s sub-inspector Arun Bilare said Thane: The Navi Mumbai police have registered a case...
Budget-2023-24: Life insurance policies with over Rs 5 lakh aggregate premium no more tax exempt, life insurers’ shares tank

Budget-2023-24: Life insurance policies with over Rs 5 lakh aggregate premium no more tax exempt, life insurers’ shares tank

by AIP Online Bureau | Feb 1, 2023 | Eco/Invest/Demography, Indian News

Some budgetary announcements is negative for life insurance companies– as it will impact savings products which are usually high value and margin products (though not protection). However, smaller policies remain unaffected. Overall a negative for life insurance...

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