TheNewsClues
Clues by Admin • 30 Jul 2018, Monday
As per data from insurance regulator Irdai, Rs 15,167 crore of policyholders is lying unclaimed with 23 life insurers. Irdai has already directed insurers to identify the policyholders or beneficiaries and disburse the claims. Out of the total unclaimed amount of Rs 15,166.47 ... Continue Reading
Read More at The Economic Times
Clues by Admin • 19 Jul 2018, Thursday
The government has decided to withdraw the contentious Financial Resolution and Deposit Insurance Bill 2017, (FRDI) Bill as it looks to avoid controversial legislation ahead of the 2019 general election. A decision has been taken internally to withdraw the bill, but the ... Continue Reading
Read More at Livemint
Clues by Admin • 14 Jun 2018, Thursday
ICICI Bank said that it will offload 2% stake in its insurance arm ICICI Prudential Life in one or more tranches. Based on the insurer's stock closing price of Rs 410.25 on 13th June, the stake sale is estimated to ... Continue Reading
Read More at The Economic Times
Clues by Admin • 10 May 2018, Thursday
New York based Marsh & McLennan Cos., the top insurance broker in India, is witnessing a 30% jump in insurance enquiries from banks after a spate of frauds have hit their bottom-line. Income from premium payments from banks for insurance cover ... Continue Reading
Read More at Hindustan Times
Clues by Admin • 10 May 2018, Thursday
The government is considering allowing 100% foreign direct investment (FDI) in insurance intermediaries which includes insurance broking, third party administrators, surveyors and loss assessors to bring it at par with other financial services intermediaries where FDI permitted is 100%. The current FDI ... Continue Reading
Read More at The Economic Times
Clues by Admin • 5 Apr 2018, Thursday
Ola has partnered with Acko General Insurance and ICICI Lombard to offer opt-in insurance policy of Rs 5 lakh for intra city travel. Riders can opt for an in-trip insurance cover at a premium of Re 1 per ride for intra-city travel, ... Continue Reading
Read More at Livemint
Clues by Admin • 26 Mar 2018, Monday
Insurance regulator IRDAI has extended the deadline for linking Aadhaar number with various insurance policies until the Supreme Court decides on the matter. The apex court had indefinitely extended the deadline for linking of Aadhaar vide order dated March 13. However ... Continue Reading
Read More at Livemint
Clues by Admin • 20 Mar 2018, Tuesday
Videocon Industries Ltd. has sold its entire 51.32 % stake in Liberty Videocon General Insurance Company Ltd., its joint venture insurance arm with US-based Liberty Mutual Insurance Group to Diamond Dealtrade Ltd. and Enam Securities Pvt. Ltd.  Videocon sold 26% stake to ... Continue Reading
Read More at Livemint
Clues by Admin • 19 Mar 2018, Monday
As per a ruling by the Delhi High Court in the United India versus Jai Parkash Tayal case,  no claim in respect of any existing health insurance policy shall be rejected based on exclusions related to ‘Genetic ... Continue Reading
Read More at The Economic Times
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