Category: Insurance
Latest Court Decisions are from some of the High Courts and from Supreme Court of India
👍IRDAI to remove upper cap on commission for insurers under EoM – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/irdai-to-remove-upper-cap-on-commission-for-insurers-under-eom/article66672364.ece Puts in place a system where overall expenses of an insurer would be monitored The Insurance Regulatory and Development Authority of India (IRDAI)
🙏Motor, health drive non-life industry growth; premiums up by 17% till Feb | Business Standard News
Clipped from: https://www.business-standard.com/article/pf/non-life-insurance-industry-s-premiums-go-up-by-17-to-rs-2-32-trn-till-feb-123031501005_1.html However, inflation and slowdown in the economy continue as risks to the growth in the sector With the financial year (FY23) drawing to
–To cover mental illness, buy health insurance policy offering OPD coverage | Business Standard News
Clipped from: https://www.business-standard.com/article/pf/to-cover-mental-illness-buy-health-insurance-policy-offering-opd-coverage-123031001206_1.html Industry regulator nudging companies to underwrite policies that include people with mental illnesses The Insurance Regulatory and Development Authority of India (IRDAI) has taken a
👍👍👍👍👍👍👍Perhaps it is time for India to introduce tort law and punitive damages | Business Standard Column
Clipped from: https://www.business-standard.com/article/opinion/strengthening-public-liability-insurance-123031200930_1.html Those who cause bodily harm, property damage, or financial loss to others on their premises or due to their operations should be liable
Insurers grapple with policy pricing, design as IRDAI mandates mental health, HIV cover – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/news/insurers-grapple-with-policy-pricing-design-as-irdai-mandates-mental-health-hiv-cover/article66583769.ece The regulatory authority’s circular has left some gaps in operational metrics of the cover owing to the lack of precedence and sufficient information
Get ready for faster claims processing with insurtech | The Financial Express
Clipped from: https://www.financialexpress.com/money/your-money-get-ready-for-faster-claims-processing-with-insurtech/2995601/ With secured data-driven and automated solutions, fraud detection is easier With secured data-driven and automated solutions, fraud detection and claims processing is now
Term insurance: why short could be sweet – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/portfolio/personal-finance/term-insurance-why-short-could-be-sweet/article66543563.ece Short term life cover and the situations where it might be useful For a niche audience, a short-term cover can sometimes be a
👍👍👍*How health check-up, insurance premium can help you in saving tax | Business Standard News
Clipped from: https://www.business-standard.com/article/pf/how-health-check-up-insurance-premium-can-help-you-in-saving-tax-123021701092_1.html Preventive check-up is one available to save tax based on medical-related issues The tax-filing season has arrived. While most taxpayers are aware of
👍👍👍Hospital held liable for acting without consent | Business Standard Column
Clipped from: https://www.business-standard.com/article/opinion/hospital-held-liable-for-acting-without-consent-123021900819_1.html Dilip filed a complaint before the Delhi State Commission, alleging that the RFA procedure was carried out without his knowledge or consent, and
👍How to financially shield your business against cyber attacks – The Hindu BusinessLine
lipped from: https://www.thehindubusinessline.com/portfolio/personal-finance/insurance-query-how-to-financially-shield-your-business-against-cyber-attacks/article66520470.ece You should consider a cyber insurance policy that covers data breach and privacy liability, business interruption cover as well as cyber extortion protection
👍👍👍New tax norm to hurt insurers; stocks attractive for the long run: Analysts | Business Standard News
Clipped from: https://www.business-standard.com/article/markets/new-tax-norm-to-hurt-insurers-stocks-attractive-for-the-long-run-analysts-123021600287_1.html Analysts expect stocks to remain under pressure in the near-term as the government’s new tax regime push, with no tax saving deductions, could
👍👍👍New tax norm to hurt insurers; stocks attractive for the long run: Analysts | Business Standard News
Clipped from: https://www.business-standard.com/article/markets/new-tax-norm-to-hurt-insurers-stocks-attractive-for-the-long-run-analysts-123021600287_1.html Analysts expect stocks to remain under pressure in the near-term as the government’s new tax regime push, with no tax saving deductions, could
60% life, health insurers seeing a rapid rise in fraud: Deloitte India Survey – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/60-life-health-insurers-seeing-a-rapid-rise-in-fraud-deloitte-india-survey/article66517273.ece Only 60 per cent of the respondents plan to increase their budgets marginally About 60 per cent of Indian insurance companies are seeing
👍👍👍Life insurance companies plan strategy tweak to offset tax impact | Business Standard News
Clipped from: https://www.business-standard.com/article/pf/life-insurance-companies-plan-strategy-tweak-to-offset-tax-impact-123021500005_1.html Union Budget has proposed to tax high-value policies with premium aggregating to Rs 5 lakh per year to plug arbitrage that HNIs are
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