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Indian

Banks should sell life insurance products more aggressively:LIC chief

According to K Ganesh, member, Life, the major challenge in the industry is to convince people to take life insurance.  According to him, schemes like Jan-dhanYojana, PMJJY, PMSBY and Jan Arogya scheme have been instrumental in increasing customer protection. 

Insurers have to pay interest if health claims are delayed beyond 30 days:IRDAI

The insurer cannot not repudiate the policy on the ground of fraud, if the insured person / beneficiary can prove that the misstatement was true to the best of his knowledge and there was no deliberate intention to suppress the fact or that such mis-statement of or suppression of material fact are within the knowledge of the insurer. Onus of disproving is upon the policyholder, if alive, or beneficiaries

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