IRDAI mis-selling regulations in India aim to prevent misleading insurance sales and protect customers. Learn how these rules may impact policyholders and insurers. IRDAI Mis-Selling Regulations in India — A Consumer Protection Push The IRDAI mis-selling regulations in India are being strengthened to reduce misleading insurance sales and protect policyholders from financial loss. Mis-selling occurs…
In a recent development, Tim Bailey, the CEO of Zurich UK, has taken on the prestigious role of the president of the Association of British Insurers (ABI). The appointment of Bailey as the ABI president comes as a result of the governance changes implemented in 2021. He succeeds Barry O’Dwyer, the group CEO of Royal…
When a fire incident occurs, the first and most important step is to immediately inform your insurance company. Delays can complicate the process or even impact the outcome of your claim. Provide your policy number, a brief description of the incident, and an initial estimate of the loss. Always follow up your phone call with…
When it comes to filing an insurance claim for vehicle theft with an insurance company, it is generally recommended to file the claim as soon as possible after the incident occurs. Most insurance companies require policyholders to report a theft claim within a certain time limit, which can vary depending on the specific insurance policy…
Dive deeper into the world of cyber insurance and discover the essential elements of comprehensive policies. This blog provides a summary of the previous articles and explores the key components of cyber insurance coverage. Learn the way to protect your digital assets with the right cyber insurance policy and stay one step ahead of cyber…
State Farm, the largest provider of auto and home insurance in the US, has recently announced its decision to stop accepting new home insurance applications in California. The company cited the escalating risks posed by wildfires and the soaring costs of construction as the primary reasons for this move. Effective May 27, State Farm ceased…
The Standard Fire and Special Perils (SFSP) policy is an insurance policy that provides coverage for damage or loss caused by fire and special perils such as floods, earthquakes, and storms. While this policy is generally taken for a period of one year, there may be situations where a short-term policy is needed, and the…
In a move aimed at revolutionizing healthcare access, Punjab State Health Agency has unveiled an extraordinary initiative to enhance the reach of the highly acclaimed Mukhya Mantri Sehat Bima Yojana scheme. Commencing today, May 24, the agency will orchestrate special camps across the state to expedite the issuance of e-cards to eligible beneficiaries. This flagship…
