The Supreme Court has observed that an insurance company cannot raise delay as a ground for repudiation for the 1st time before the consumer forum, if it has not taken delay in intimation as a specific
General insurers are in complete support of raising foreign direct investment (FDI) limit in the sector to 74%. Recently, the representative body of general insurance, health insurance reinsurance companies
Framers in Maharashtra are likely to receive heavy compensation as from crops damaged due to dry weather in June and floods in September. The outgo may be over Rs. 10000 crore, agriculture ministry officials said.
The IRDAI will seek viewpoint of the life and general insurance councils before making decision on the appeal of life insurers in order to offer indemnity based health plans. In an aim of launching indemnity or reimbursement
LIC has permitted its policyholders to revive their policies which have been lapsed of over 2 years, in a bid to help improve persistency ratio in an official statement, LIC further said that the policies