The Insurance Regulatory and Development Authority of India (IRDAI) has formed a panel to examine the feasibility of payment of general and health insurance claims in instalments. It...
The Reserve Bank of India (RBI) has recently introduced Internal Ombudsman (IO) scheme 2018 to tighten internal grievance redressal system at Scheduled Commercial Banks (SCBs). In it, RBI...
The Insurance Regulatory and Development Authority of India (IRDAI) has constituted a 16-member committee to examine motor third party insurance pricing aspects and make recommendations on the premium...
The Insurance Regulatory and Development Authority (IRDAI) has set up a 10-member committee to review norms related to Insurance Marketing Firms (IMF) with an aim to increase insurance...
Claim ratio is calculated as the total value of all claims paid by the company divided by the total amount of premium collected in a financial year. A...
This technology was first used in bitcoins and other crypto-currencies. It uses single shared ledgers to store information. Advanced cryptography technology is used to make sure that information...
The Reserve Bank of India (RBI) has launched Ombudsman Scheme for redressal of complaints against the Non-Banking Financial Companies (NBFCs). The scheme will provide a cost-free and expeditious...
Apollo Munich Health Insurance Company has won the ” 2017 General Insurance Company of the Year” award at the 21st Asia Insurance Industry Awards. The Health Insurance Company...
IRDAI’s annual report has stated that out of 24 life insurance companies, only 19 insurers remained profitable in 2015-16. The life insurance industry has reported a profit of...
With the aim to expand the reach of insurance in the country, the Insurance Regulatory and Development Authority (IRDA) has suggested to permit owners of kirana shops, fair...
