In a significant move to address the growing cases of mental health issues, the Insurance Regulatory and Development Authority of India (IRDAI) has taken proactive steps to enhance mental health coverage in health insurance policies. In October 2022, IRDAI mandated all health insurance policies to cover mental illness, but the progress was slow. As a…
NCDRC Directs New India Assurance to Settle Substantial Claim in Deceased Policyholder’s Case In a recent development, the National Consumer Disputes Redressal Commission (NCDRC) has modified an earlier order, instructing New India Assurance Co Ltd to reimburse a significant portion of medical expenses incurred by the deceased policyholder. The NCDRC, while addressing the case of…
Enhance your digital defense with our guide on why regularly updating cybersecurity is crucial. Discover 5 key reasons to stay protected against evolving threats. In today’s rapidly advancing digital landscape, the importance of robust cybersecurity measures cannot be overstated. As technology progresses, so do the tactics employed by cybercriminals. To shield sensitive information and assets…
[ad_1] In the present fiscal year, IFFCO-Tokio General Insurance has accomplished a noteworthy feat of earning a gross written premium amounting to Rs 10,000 crore. This achievement reflects the company’s strong position in the Indian insurance industry, as well as its focus on growth in various segments. The joint venture between Indian Farmers Fertilizer…
During the upcoming monsoon session in Parliament, the government intends to introduce significant reforms in the insurance sector through two new pieces of legislation, the Insurance Laws (Amendment) Bill, 2023, and the Insurance Bill, 2023. The reforms aim to streamline regulations, facilitate easier market entry for companies, and simplify investment rules. These proposed changes, set…
Description: Looking for a simple and clear explanation of insurance? This video is your go-to guide! Whether you’re a student, young professional, or just curious, this video covers everything you need to know about insurance. What You’ll Learn in This Video If you’ve ever wondered what insurance really means and why it matters, this video breaks it down in…
Building — Sum Insured Estimator Area × Construction Cost per sq.ft + GST (18%). Not sale value or depreciated value. Land excluded. Built-up Area (sq.ft) Current Construction Cost per sq.ft (₹) Calculate Building SI Plant & Machinery — Sum Insured Estimator (Without GST) Based on current new replacement cost incl. logistics & installation. GST normally…
“Cyber insurance empowers businesses with a safety net while a robust security strategy shields them from the unseen.“ Introduction to Cyber Insurance Part 5: Welcome to the final part of our comprehensive guide, “Strengthening Your Digital Armor: Integrating Cyber Insurance with a Cybersecurity Culture.” In this segment, we will explore how organizations can foster a…
