Page-3 of Insurance Current Affairs, GK & News

Indian Overseas Bank launches an healthcare insurance policy in collaboration with Universal Sompo General Insurance Company Ltd

Public sector Indian Overseas Bank unveiled a healthcare insurance policy through online platform in association with Universal Sompo General Insurance Company Ltd. The policy offered on real time basis to customers at the branches of Indian Overseas Bank through integration of technology of the two institutions. The co-branded healthcare policy designed by Universal Sompo General ..

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BoB signs MoU with Indian Army for customised services

The Bank of Baroda (BoB) has signed a Memorandum of Understanding (MoU) with Indian Army under which the bank would offer customised services along with a host of facilities to account holders. The MoU offers handsome free personal accident insurance cover, free air accident insurance cover of Rs 15 lakh to Rs 50 lakh and ..

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New Delhi-Lucknow Tejas Express to Compensate Passengers for Train Delay

In a first of its kind offer from any national carrier, IRCTC will compensate passengers of India’s first corporate train – New Delhi-Lucknow Tejas Express – in case of delay in the train schedule. An amount of Rs 100 will be paid in case the delay is for over an hour and Rs 250 for ..

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Chit Funds (Amendment) Bill, 2019

The Union Cabinet has approved the introduction of the Chit Funds (Amendment) Bill, 2019 in Parliament. If passed and made into a law, the bill aims to substantially lower the compliance requirements on the registered legal chit funds of India.? This will be beneficial to both the organizers and the subscribers of the chit fund. ..

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Motor Vehicle Accident Fund

The Motor Vehicles (Amendment) Bill, 2019 will amend the Motor Vehicles Act, 1988 has aimed to develop form a Motor Vehicle Accident Fund in the nation. The Motor Vehicles (Amendment) Bill requires the central government of India to constitute a Motor Vehicle Accident Fund which will be used to provide a uniform compulsory insurance cover ..

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