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Insurance regulator Irdai introduces reforms in non-life insurance, including 'base product' requirement for insurers to enhance transparency. Policyholders can now cancel policies without reason, with stricter claim settlement timelines enforced. Learn more about the improvements in non-life insurance policies.
According to the firm, this protection cover is designed to prevent customers from not just the effects of a personal accident, but the overall impact arising as an aftershock of an accident.
Traveling abroad? Get travel insurance. Look for comprehensive coverage including luggage and passport loss, accident and medical assistance, personal liability, and extras like trip cancellation. Ensure adequate coverage up to $100,000, especially for medical emergencies. Check for exclusions like pre-existing illnesses and adventure activity injuries.
Last month, while returning from a temple visit in my pre-owned 2018 Wagon R VXi 1.0 AGS, a young calf suddenly ran onto the road requiring me to brake hard and swerve, narrowly missing the animal.
IRDAI expected to approve IndusInd International Holdings' acquisition of Reliance Capital's 3 insurance companies. NCLT endorsed IIHL's ₹9,650 crore resolution plan for Reliance Capital. Hinduja Group's Aasia Enterprises aids in equity infusion.