Suresh Mathur head of IRDA committee to review microinsurance framework

The Insurance Regulatory and Development Authority of India (IRDAI) has recently constituted a 13-member Committee to review the regulatory framework on microinsurance and recommend measures to increase the demand for such products. . The committee, under the chairmanship of IRDAI ..

Bajaj Allianz unveils Total Health Secure Goal Plan

Bajaj Allianz General Insurance and Bajaj Allianz Life Insurance has collaborated to launch their first product ‘Total Health Secure Goal’. This new insurance product is a combination of two existing plans – Health Guard policy by Bajaj Allianz General Insurance, ..

SBI launches doorstep banking service for senior citizens over 70 years of age and differently-abled customers

The State Bank of India (SBI) has launched doorstep banking service for senior citizens over 70 years of age, differently-abled customers and infirm customers, including visually-impaired customers. Eligible customers can avail this service at a nominal fee of Rs. 100 ..

M R Kumar appointed as new Chairman of Life Insurance Corporation of India (LIC)

M R Kumar has been appointed the new Chairman of Life Insurance Corporation of India (LIC) and will hold the post for a period of five years. Prior to this post, he was Zonal Manager (in-charge) of North Zone. LIC ..

Suresh Mathur head of IRDA panel to study feasibility of paying claims in installments

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 will be headed by Suresh Mathur, ED (Health) in IRDAI. The panel ..

Internal Ombudsman (IO) scheme 2018 gives statutory powers to Internal Ombudsman

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 has given statutory powers to Internal Ombudsman (IO) under section 35 A ..