Air India crash creates rare insurance dilemma: Nominees also among dead

The devastating Air India 171 plane crash, which claimed 241 lives on board and 29 on the ground, has created an unforeseen challenge for insurance companies to settle some claims where even the......

Proposed Nuclear Bill Caps Liability At 3,000 Cr

Kindly note that this image has been posted only for representational purposes. Photograph: ANI Photo   The government on Monday introduced in Parliament a Bill that seeks to finally open up the......

IRDAI removes age limits on health insurance, huge relief for seniors

The Insurance Regulatory and Development Authority of India has removed the age cap on buying health insurance policies, effective from April 1, 2024. Image used for representational purpose only.......

'This Shock May Trigger Suicides'

'Marathwada is the suicide capital of Maharashtra.''To stop such man-made disasters, the government should immediately come up with a rightful package, not this charitable approach to......

Govt notifies rules to enable 100% FDI in insurance sector

Following the notification allowing 100 per cent foreign direct investment (FDI) in the insurance sector, the finance ministry has revised norms to remove the requirement that a majority of......

Commission structure in life insurance sector may change

The committee formed under the Life Insurance Council to review the commission structure in the life insurance sector has recommended capping distributor commissions or deferring them to ease......

Insurance industry flags concerns over proposed Insurance Amendment Bill

The insurance industry is trying to get to grips with provisions in the proposed Insurance Amendment Bill, which gives additional powers to the Insurance Regulatory and Development Authority of......

LS clears Insurance Amendment Bill to allow 100% FDI in insurance sector

Finance Minister Nirmala Sitharaman on Tuesday said that raising the FDI limit to 100 per cent in the insurance sector will help attract more capital, improve competition and increase insurance......