insurance

The Insurance Regulatory and Development Authority (IRDA) is currently developing an online platform where the policyholders can register their complaints, track its status and follow it up online. This service would be provided for both life and non-life policyholders. It could either be a link on IRDA’s portal itself or a separate website, IRDA officials … Read more IRDA’s Online facility for registering complaints against insurers

According to the latest data released by the Insurance Regulatory and Development Authority (IRDA), the annualized premium equivalent (APE) for the life insurance industry fell (for the third consecutive month) by 19.6% year on year (yoy) in January 2009. The decline in the APE was more pronounced in case of the private players at 22.5% … Read more Reliance + SBI Life Grow at cost of ICICI + Bajaj Allianz

ICICI Prudential Life has launched ICLAIM – an innovative claim intimation service via SMS for its policyholders. This first-of-its kind service in the insurance industry provides assistance and prompt resolution on claims to policyholders whenever a claim situation arises. As per the initiative, the customer needs to send an SMS to the company with his … Read more ICICI Prudential Life launches – ICLAIM

The joint venture life insurance company promoted by Bank of India, Union Bank and Dai-Ichi Mutual Life Insurance – Star Union Dai-Ichi Life Insurance Company – will soon launch two unit linked plans, pension and child benefit plans. The insurer is presently awaiting the approval from Insurance Regulatory and Development Authority (IRDA) for launching these … Read more Star Union Dai-Ichi Life Insurance to launch two ULIPs

Oriental Insurance Company has entered into a pact with multi brand car service solution provider – MyTVS – for offering emergency road services to its customers. This free-of-cost service deal will provide coverage to more than 15 lakh vehicle policy holders of Oriental across the country. MyTVS has provided training to 3,000 staff to address … Read more Oriental Insurance inks pact with MyTVS

With an eye on the forthcoming elections, Delhi government has come up with a new postal life insurance scheme for a monthly premium of Rs.1.25 for the rural population. The new policy will provide a coverage of Rs 1,00,000 of sum assured and the policyholder has to contribute only Rs 1.25 per month or Rs … Read more Delhi govt to launch insurance scheme with Rs 1.25 monthly premium