Insurance Archives - Page 4 of 6

Insurance Fraud Unveiled: Strengthening Financial Resilience through Proactive Measures and Exposing Ripple Effects (5 min read).

January 29, 2024January 23, 2024 by Urvaksh

Explore the pervasive issue of Insurance Fraud, its various forms, and the staggering financial losses it incurs. Discover strategies to combat this menace and protect the integrity of insurance systems. Understanding Insurance Fraud Insurance fraud, a deceptive act aiming to exploit the insurance process, has deep-rooted historical origins. Its prevalence persists today, costing billions annually. … Read more

New India Assurance Triumphs: Set to Reimburse a Resilient 60% of Medical Expenses!

January 15, 2024January 11, 2024 by Urvaksh

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 … Read more

Safeguarding Doctors: The Power and Strength of Professional Indemnity Insurance (2 min read).

August 5, 2023 by Urvaksh

Protecting Medical Professionals with Indemnity Insurance | Comprehensive Guide. Introduction: In India, doctors hold a revered position, akin to that of Gods, but they are not immune to errors. Even a single mistake can have catastrophic consequences for both the patient and the doctor. Legal and financial repercussions, along with emotional stress, may follow such … Read more

HDI Global SE Announces Significant Changes in its 2 Branches (UK & Ireland Branch): New Appointments and Growth Plans.

August 2, 2023 by Urvaksh

Introduction: HDI Global SE: “Empowering Businesses with Tailored Insurance Solutions for a Secure Future.“ HDI Global SE has implemented significant changes in its UK & Ireland branch to support its ambitious growth strategy. The company has appointed Antonia Osborne as the new Director of Underwriting, responsible for underwriting performance and future strategy. Alongside this, Philip … Read more

What do you mean by fire insurance? Decoding Fire Insurance: Unveiling Everything You Need to Know (3 min read).

July 18, 2023 by Urvaksh

We will discover the ins and outs of Fire Insurance in this comprehensive blog. We will gain insights into the importance of fire insurance, how it works, coverage options, and expert tips for safeguarding your assets. Get empowered with the knowledge to make informed decisions and protect yourself against fire-related risks. Introduction to Fire Insurance: … Read more

Empowering the Seas: The Renaissance of Marine Insurance in the 14th Century.

July 16, 2023June 13, 2023 by Urvaksh

Marine Insurance: In the vast expanse of history, certain inventions and practices have shaped the world as we know it. Among these transformative milestones lies an often overlooked but crucial development—the birth of marine insurance. Delving into the depths of the 14th century, we unveil the remarkable story of the world’s first known marine insurance … Read more

El Nino Threatens Monsoon Season: Abnormal Weather Shift Looms (US Weather Agencies).

June 9, 2023 by Urvaksh

US weather agencies have recently announced the formation of an El Nino weather condition, which is expected to intensify until the winter months this year. This news coincides with the arrival of the monsoon in the Indian mainland, starting with Kerala. El Nino is characterized by abnormal warming of surface waters in the eastern and … Read more

SBI Life to the Rescue: Irdai Orders Takeover of Sahara Life to Protect Policyholders.

June 6, 2023 by Urvaksh

In a significant move aimed at safeguarding the interests of thousands of policyholders of Sahara India Life Insurance Co. Ltd., the Insurance Regulatory and Development Authority of India (Irdai) has directed the takeover of the company’s live insurance policies by SBI Life Insurance Co. Ltd., the country’s largest privately held life insurer. Irdai’s decision comes … Read more

Finance Ministry Urges Speedy Settlement of Claims for Odisha Train Tragedy Victims.

June 6, 2023 by Urvaksh

In the wake of the devastating triple train crash in Odisha, the Finance Ministry has taken swift action, calling upon insurance companies to expedite the claim settlement process for the victims. With a heartfelt plea for swift justice, the ministry has reached out to insurers, urging them to provide updates on measures taken to identify … Read more