Types 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 ..


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, and iSecure from Bajaj Allianz Life Insurance. A customer can choose the option between a ..


Alok Srivastava committee to formulate insurance cover for advocates

The Government of India (GoI) has constituted a 5-member committee to examine the issues related to framing of a proper, structured scheme for providing insurance cover to advocates and suggest modalities for its implementation. The committee, under the chairmanship of Legal Affairs Secretary Alok Srivastava, will recommend a comprehensive insurance scheme for the welfare of ..



LIC launches a new micro insurance plan “Micro Bachat”

Life Insurance Corporation (LIC) has recently launched a new micro insurance plan ‘Micro Bachat’. It is a regular premium, non-linked, participating endowment micro insurance plan, which offers a combination of protection and savings. For the first time, a micro insurance plan has been launched providing coverage up to Rs 2 lakh. This plan provides financial ..


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 will look into the need for allowing settlement of personal accident and benefit-based health insurance ..