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Large number of people can't get insurance benefit for want of hospitalisation, says HC

Large number of people can t get insurance benefit for want of hospitalisation, says HC
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Last Updated: May 27, 2021, 08:19 PM IST
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Synopsis
As a matter of common knowledge and we can take judicial notice of the same that for about three to four weeks when the current wave of the pandemic was at its height, there was acute shortage of hospital beds not only in Delhi but in the entire country, a bench of Justices Vipin Sanghi and Jasmeet Singh said.
ANI
The Delhi High Court Thursday said a large number of COVID-19 infected people would not be able to get insurance benefit as they could not secure a hospital bed due to the dearth of medical infrastructure and asked sectoral regulator IRDA to look into the issue. The court was also informed that effectively even black fungus infection will not be covered in COVID specific polices as they are only for 14 days period. ....

Vipin Sanghi , Abhishek Nanda , Jasmeet Singh , Development Authority , Delhi High Court , Delhi High Court Thursday , Justices Vipin Sanghi , Insurance Regulatory , Corona Kavach Policy , Corona Rakshak Policy , Insurance Regulatory And Development Authority , Insurance Policies , Corona Kavach , விபின் சங்கி , ஜாஸ்மீட் சிங் , வளர்ச்சி அதிகாரம் , டெல்ஹி உயர் நீதிமன்றம் , டெல்ஹி உயர் நீதிமன்றம் வியாழன் , நீதிபதிகள் விபின் சங்கி , காப்பீடு ஒழுங்குமுறை , கொரோனா கவச் பாலிஸீ , கொரோனா ரக்ஷக் பாலிஸீ , காப்பீடு ஒழுங்குமுறை மற்றும் வளர்ச்சி அதிகாரம் , காப்பீடு பாலிஸீஸ் , கொரோனா கவச் ,

Irdai imposes Rs 51 lakh penalty on 4 insurers

Irdai imposes Rs 51 lakh penalty on 4 insurers
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Last Updated: Apr 18, 2021, 04:15 PM IST
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A penalty of Rs 25 lakh has been imposed on SBI General Insurance Company for not fulfilling regulatory obligations under the Motor Third Party (MTP) business. Penalty of Rs 13 lakh imposed on Liberty General Insurance Limited, Rs 10 lakh penalty on Bajaj Allianz General Insurance Company, and Rs 3 lakh on Royal Sundaram General Insurance Company.
Regulator Irdai has imposed a penalty of Rs 51 lakh on four insurers, including SBI General Insurance Company
Regulator Irdai has imposed a penalty of Rs 51 lakh on four insurers, including SBI General Insurance Company, for violation of certain norms related to motor insurance. ....

Bajaj Allianz , Motor Third Party , Guidelines On Motor Insurance Service Provider , Insurance Company , Development Authority Of India Irdai , Motor Third Party Insurance Business Regulations , Regulator Irdai , Insurance Regulatory , Development Authority , Liberty General Insurance Limited , Bajaj Allianz General Insurance Company , Royal Sundaram General Insurance , Motor Third Party Insurance Business , Motor Insurance Service Provider , Insurance Act , Motor Third Party Business , Insurance Regulatory And Development Authority , Sbi General Insurance Company , பஜாஜ் அலையன்ஸ் , மோட்டார் மூன்றாவது கட்சி , காப்பீடு நிறுவனம் , காப்பீடு ஒழுங்குமுறை , வளர்ச்சி அதிகாரம் , சுதந்திரம் ஜநரல் காப்பீடு வரையறுக்கப்பட்டவை , பஜாஜ் அலையன்ஸ் ஜநரல் காப்பீடு நிறுவனம் , அரச சுந்தரம் ஜநரல் காப்பீடு ,

Term life covers set to become pricier in FY22

Synopsis
At least five private insurers – Tata AIA, Aegon Life, Max Life, PNB Metlife and IndiaFirst Life – have already filed for new term products with the insurance regulator at increased prices for the new fiscal year. Other life insurers may soon follow.
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Increased comorbidity risks due to the pandemic and the adverse loss experiences of global reinsurers are set to weigh on how life covers are priced.
Insuring life is set to get more expensive and harder in the fiscal year starting April. Increased comorbidity risks due to the pandemic and the adverse loss experiences of global reinsurers are set to weigh on how life covers are priced. ....

Subhendu Bal , Life Insurance Corp , Development Authority , Institute Of Actuaries India , Aegon Life , Max Life , Indiafirst Life , Insurance Regulatory , Term Life Insurance , Insurance Regulatory And Development Authority , Sbi Life Insurance , Pnb Metlife , Insurance Policies , Life Insurance , சுபேண்டு பால் , வாழ்க்கை காப்பீடு கார்ப் , வளர்ச்சி அதிகாரம் , நிறுவனம் ஆஃப் செயல்பாடுகள் இந்தியா , ஏகன் வாழ்க்கை , அதிகபட்சம் வாழ்க்கை , இந்தியபிர்ஸ்ட் வாழ்க்கை , காப்பீடு ஒழுங்குமுறை , கால வாழ்க்கை காப்பீடு , காப்பீடு ஒழுங்குமுறை மற்றும் வளர்ச்சி அதிகாரம் , ஸ்பி வாழ்க்கை காப்பீடு , ப்ண்ப் மேட்டிலிபே ,

Axis Bank, Nureca, Just Dial in spotlight

Shares of Axis Bank will be in focus. Max Life has received the formal approval from the Insurance Regulatory and Development Authority of India (IRDAI), which vide its letter dated 24th February 2021 has granted approval to the Axis Entities, as promoters of Max Life, to collectively acquire 12.002% of the equity share capital of Max Life, by way of transfer of equity shares of Max Life from Max Financial to the Axis Entities.
Shares of Nureca will debut on bourses today, 25 February 2021. The final issue price was fixed at Rs 400 per share.
Just Dial has launched its B2B portal, Jd Mart, across various platforms for users. Jd Mart is an exclusive B2B portal for a new wholesale experience. B2B buyers can discover quality vendors offering a wide selection of products to choose from, spread across various categories to suit all their B2B needs. ....

Axis Bank , Cochin Shipyard , Corporation Of India , Development Authority Of India , Insurance Regulatory , Development Authority , Axis Entities , Max Life , Max Financial , Dredging Corporation , Capital Market , Bse Sensex , Nifty 50 , Insurance Regulatory And Development Authority , Financial Services , Mo Ney , Insurance Regulatory And Development Authority Of India , Just Dial , Jd Mart , Hg Infra , அச்சு வங்கி , கொச்சின் கப்பல் தளம் , நிறுவனம் ஆஃப் இந்தியா , வளர்ச்சி அதிகாரம் ஆஃப் இந்தியா , காப்பீடு ஒழுங்குமுறை , வளர்ச்சி அதிகாரம் ,

IRDAI advises all insurance companies to issue digital policies via DigiLocker

Digilocker will drive reduction in costs, elimination of customer complaints relating to non-delivery of policy copy, improved turnaround time of insurance services, faster claims processing and settlement ....

New Delhi , Sanjay Dhotre , Anurag Singh Thakur , Ministry Of Electronics , Insurance Companies , Negd National , Governance Division , Human Resource Development , Insurance Regulatory Authority Of India , Information Technology , Corporate Affairs , Insurance Regulatory Authority , Digital Insurance Policies , Digital India , Insurance Claim , Insurance Policies , Insurance Regulator , Insurance Regulatory And Development Authority , Digi Locker , புதியது டெல்ஹி , சஞ்சய் தொற்றே , அனுராக் சிங் தாகூர் , அமைச்சகம் ஆஃப் மின்னணுவியல் , காப்பீடு நிறுவனங்கள் , ஆளுகை பிரிவு , மனிதன் வள வளர்ச்சி ,