Centre removes cap on commission paid to insurance agents

Insurance sector regulator Insurance Regulatory and Development Authority of India (Irdai) has removed individual ceiling of commission to be paid by insurers for the sale of their product. 

published on : 29th March 2023

ESIC to urge Centre for setting up medical college and hospital at Rourkela

The Odisha government during that time allotted land to Bhubaneswar for the same despite the city having a host of government and private hospitals.

published on : 20th March 2023

Pension scheme, crop insurance firm among key demands of TN farmers

The government should take steps to provide reasonable prices for agricultural products besides educating the farmers in doing value-addition for their products.

published on : 19th March 2023

Uttar Pradesh, Haryana, Tamil Nadu among 11 states with reduced number of insured farmers

Only three states, Himachal Pradesh, Karnataka and Uttarakhand, have witnessed an increase in insured areas. 

published on : 15th March 2023

17 per cent decline in life insurers’ February premium

The insurance sector showcased mixed performance in February as total life insurance premium fell 17 per cent year-on-year while the total premium of general insurers rose 20 per cent.

published on : 9th March 2023

Rs 5 lakh insurance cover for tamers, spectators must to conduct jallikattu in TN

A government order to this effect was issued by the department of animal husbandry and veterinary services last month.

published on : 6th March 2023

'New born includes pre-term baby': HC directs insurance co to pay medical expenses to twins' mother

In 2021, the insurance company had refused her claims on the ground that the policy only covers new born babies who are born full-term and not babies born pre-term.

published on : 1st March 2023

MEDISEP complaints to be submitted only online

The order said reimbursement claims should be submitted via e-mail to the insurance company and finance department.

published on : 22nd February 2023

Gang dupes man of Rs 1.6 crore, busted in Hyberabad

The police acted on a complaint filed by a 72-year-old man who received a call from a person claiming to be an insurance policy agent.

published on : 17th February 2023

60 percent private insurers see rapid rise in fraud: Deloitte survey

"About 60 per cent of survey respondents believe that there has been a significant rise in fraud, while a further 10 per cent experienced a marginal increase," the survey said.

published on : 16th February 2023

Budget 2023: Cut in flagship farm schemes

The budget has seen a 11 per cent rise in the Department of Agricultural Research and Education allocation at Rs 9,504 crore compared to the previous year.

published on : 2nd February 2023

No cheers: Insurance sector disappointed with proposal to remove tax exemption  

As per the new proposal if the annual premium paid by the customer for insurance policy is more than Rs 5 lakh then the income from the policy on maturity will be taxed.

published on : 2nd February 2023

Non-life insurance industry grows 16 per cent in April-December 2022

Health and motor insurance were the main drivers of growth, said the report.

published on : 27th January 2023

Insurance industry needs Rs 50,000 cr investment per year, says IRDA 

Indian insurance market, which is currently the tenth biggest in the world, will be the sixth biggest by 2032.

published on : 21st January 2023

Telangana government staffer fakes death to claim insurance money

However, the police found out that he was alive when he called his wife to procure his death certificate on January 12 for claiming the insurance amount.

published on : 18th January 2023

ICA extends medical insurance to retired cricketers

In the last year and more, ICA has also made direct contributions amounting to nearly six lakh rupees to many former cricketers in need of financial and/or medical assistance.

published on : 12th January 2023

Insurance firm fails to settle Covid victim’s loan cover, penalised

The respondents argued that they would not dispose of the loan as he died due to diabetic reasons and not to Covid - 19.

published on : 7th January 2023

S&P Global India Services PMI rises to 58.5 in December

Finance and Insurance was the best-performing sector with regards to sales, while real estate and business services saw the slowest expansion in fresh orders.

published on : 4th January 2023

Fake insurance policy cases surge in Kerala, customers told to keep vigil

A tipper lorry owned by a Thrissur native hit an autorickshaw on LFC Road in the city causing severe injuries to the autorickshaw passenger on February 1, 2020.

published on : 30th December 2022
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