Indian
1.5 lakh Ayushman Bharat Health & Wellness Centres to be set up by 2022: Survey
Swadeshi Jagran Manch asks PM’s to stall mergers of 3 PSU general insurers
Among other issues, SJM in its letter to PM has argued that the merger of public sector insurance companies is likely to endanger growth of insurance sector in the country in general and would hamper the successful implementation of socially important flagship insurance schemes like like Pradhan Mantri Fasal Bima Yojana, Pradhan Mantri Jeevan Jyoti Bima Yojana and Pradhan Mantri Aarogya Yojana,
India forecasts faster economic growth, warns of fiscal challenge
IRDAI fines ICICI Lombard Gen and TATA AIG Gen Rs 1 crore each for violating regulations
“it is noted that ICICI Lombard General Insurer continued selling issuing Group Personal Accident policies with policy term of more than one year even after 1st July, 2013 and individual Personal Protect policies with policy term of more than 3 years even after 1st October, 2013, in spite of both the products not meeting the maximum policy term criteria as prescribed in the IRDA (Health Insurance) Regulations, 2013 and even after taking a certificate based approval from the IRDAI on modifying the product term in accordance to the IRDA (Health Insurance) Regulations,2013,’’ said IRDA in its rulings against the company.
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