Contract of insurance is of utmost good faith, says Supreme Court

Indian News       Oct 23, 2020

New Delhi: A contract of insurance is of utmost good faith and a proposer who seeks to obtain life insurance policy is duty bound to disclose all material facts bearing upon the issue, the Supreme Court has said. The top court said this while setting...

Italy tax police raid Generali, state railway offices in insurance probe

International News       Oct 23, 2020

MILAN: Italy’s tax police raided the offices of state railway Ferrovie dello Stato (FS) and Generali to gather documents in a probe related to the awarding of contracts to the Italian insurer, a document seen by Reuters on Friday showed. A source close to the...

Kotak Life forays into health insurance;launches Kotak Health Shield

Indian News       Oct 22, 2020

  Mumbai: Kotak Mahindra Life Insurance Company Limited (Kotak Life) today announced its foray into health insurance with a new product launch - Kotak Health Shield. This product offers a fixed benefit, comprehensive health insurance plan, covering most critical illnesses such as Cancer, Cardiac, Liver and...

FTLife and Munich Re announce collaboration on digital underwriting

International News       Oct 22, 2020

  Hong Kong: FTLife Insurance Company Limited and Munich Re Automation Solutions, a leading provider of digital new business, underwriting and analytics solutions to the insurance industry, today announced a new collaboration focusing on the provision of a cloud-based digital underwriting solution. The new collaboration will...

Pope Francis

Pope says same-sex couples should be covered by civil union laws

Facts       Oct 22, 2020

ROME: Pope Francis has said that same-sex couples should be protected by civil union laws in the clearest language he has used on the rights of gay people, prompting praise from liberals and calls for urgent clarification from conservatives.He made his comments in a new...

(L to R) M K Poddar, CMD, AIC and Easwaran V, MD and CEO, IPPB exchanging the documents for collaboration

India Post Payments to sell AIC’s Crop Insurance products

Indian News       Oct 19, 2020

  New Delhi: Agriculture Insurance Company of India  (AIC) and India Post Payments Bank (IPPB) have signed a Corporate Agency Agreement for distribution of AIC’s Crop Insurance products through the vast postal network of nearly 1.55 lakh post offices and 3 lakh postal employees across the...

IBAI votes out its president Sanjay Kedia, elects five new faces as directors

Indian News       Oct 18, 2020

  Mumbai: In a high drama, the Insurance Brokers Association of India(IBAI), the official representative body with over 480 insurance brokers, has voted out its president Sanjay Kedia on Sep 24 from the directorship of the body and consequently its 15-member board of  directors, have  chosen...

Over the past three decades, India has gained 10 years in life expectancy: Lancet study

Indian News       Oct 16, 2020

  NEW DELHI: India has gained more than a decade of life expectancy since 1990, but there are wide inequalities between states, according to a new study which assessed more than 286 causes of death and 369 diseases and injuries in more than 200 countries and...

Life insures have to mandatorily launch standard term life product from Jan 21:IRDAI

Indian News       Oct 15, 2020

  Hyderabad: The segment regulator IRDAI has now made it mandatory for all the domestic life insurers to sell a standard individual term life product as outlined by the regulator from 1st January, 2021.  There will  be no maturity benefit under the policy, said the IRDAI.....

Policyholders can now opt for renewal, migration and portability of their standard Covid covers:IRDAI 

Indian News       Oct 13, 2020

  Hyderabad: The insurance regulator IRDAI has allowed insurers the choice to facilitate renewal, migration and portability, as may be applicable, for the COVID specific standard health products -Corona Rakshak Policy, Corona Kavach Policy” and Group Corona Kavach policy. In respect of Corona Kavach individual policies,...

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