by AIP Online Bureau | Jun 18, 2025 | Indian News, Life, Non-Life, Regulation, Reinsurance
There are instances of an entire family perishing or one of the spouses dying in the horrific June 12 crash of the London-bound plane, which claimed the lives of 241 persons on board and 29 on the ground Ahmedabad: Insurance companies are facing challenges in settling...
by AIP Online Bureau | May 8, 2025 | Eco/Invest/Demography, Indian News, Non-Life, Reinsurance, Risk Management
“Most of our travel policies have an exclusion that doesn’t cover situations arising due to acts of any public authority like governments forcing airports to shut down,’’ said a senior official of New India Assurance Mumbai: With major escalation of Indo-Pak...
by AIP Online Bureau | Nov 18, 2024 | Indian News, Life
The bench, led by Chief Justice Manmohan and Justice Tushar Rao Gedela, rejected the plea, noting that claims of two-thirds of policyholders missing out on benefits were based on assumptions, not factual data. The judges also cautioned that the petition could result...
by AIP Online Bureau | Feb 15, 2024 | Health, Indian News, Life, Non-Life, Regulation, Technology
No policy in case of life insurance shall be issued unless nomination is obtained, Nomination provisions relating to general, wherever applicable and health insurance policies introduced, Insurance policies meeting the defined criteria to be issued in Electronic form,...
by AIP Online Bureau | May 10, 2023 | Indian News, Life, Regulation
Welcoming the Irdai’s decision, Kamlesh Rao, MD and CEO, Aditya Birla Sun Life Insurance, said it helps ensure the best interests of policyholders and supports responsible financial planning. Mumbai: Regulator Irdai’s decision to bar repayment of loans...
