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NEW DELHI: Amid allegations of insurance products being used for money laundering, sector regulator IRDA today asked insurers to keep records of customers and beneficiaries for five years after termination of business relationship.    "The record of documents evidencing identity
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CA. Sanjeev Soni
Name08-Jun-2013
Name1635
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At the time of the incident, Muralidhar was drawing a package of INR 5 lakhs per annum. He left behind a 34 year old wife, a 6 year old son and a 1 year old daughter. They filed a claim with the insurance company, New India Assurance Ltd. The insurer denied the claim on the basis that the truck was
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sonali
Name04-Sep-2013
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The general insurance industry today termed the decision of the sectoral regulator to increase the motor insurance premium as a step in right direction, but too low to cover losses in this segment. "If you see the exposure draft, there was a proposal to increase premium at a higher rate. Even i
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CA. Sanjeev Soni
Name11-Sep-2013
Name790
Name
0

ecision of the sectoral regulator to increase the motor insurance premium as a step in right direction, but too low to cover losses in this segment. "If you see the exposure draft, there was a proposal to increase premium at a higher rate. Even if done at the proposed level, it was inadequate.
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Varun
Name11-Sep-2013
Name826
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"We hope that auto sales will see a demand revival in the second half of the current fiscal due to festivities. This should support growth of the industry," New India Assurance General Manager and Whole time Director K Sanath Kumar said. This has created considerable strain in the gene
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sonali
Name14-Sep-2013
Name786
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The Motor Vehicles Department (MVD) is continuing with its firm action on traffic rule violations. MVD booked 89 motorists in the district on Monday for various offences, from not wearing helmet to not removing cooling films from vehicles.   A total of 58 persons were booked for riding without
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Engg Dijo Mathew
Name28-Sep-2013
Name910
Name
0

Some dealers and manufacturers are promising free car insurance to customers this festive season. They are offering to pay premiums for up to three years. The offer is enticing to buyers as it helps them save money on the premium on this mandatory cover. Also, it helps them buy insurance o
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Engg Dijo Mathew
Name02-Nov-2013
Name737
Name
0

Car insurance is a murky and complicated world. And as it's the time of year when the Foxalls have to fork out for cover on the family cars I thought some myth-busting was necessary. Conventional wisdom is the fewer miles you do, the less time you're on the road, the less at a risk you
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Engg. Ashok Khurana
Name13-Dec-2013
Name940
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Aviation insurance policy, primarily used to cover aircraft, is now in demand for the allied coverage it offers, such as ground handling and aviation product liability. Traditional fleet insurance policies cover damages caused by accidents and natural catastrophes. Incidents of hijacking,
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sonali
Name04-Mar-2014
Name915
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0

  German insurance company Allianz defied ‘challenging’ business conditions in 2013, gaining in profits, sales and customers. Shareholders can enjoy a higher dividend, which will be harder to achieve next year, it says. Allianz Group had logged an operating profit of 10.1 billion eu
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sonali
Name04-Mar-2014
Name819
Name
0

Amid mounting losses in the third-party motor insurance segment , coupled with rising claims, insurers have urged the regulator to hike the premium by at least 50 per cent next fiscal, top officials of general insurance companies said. "If you see the way claims are settled and the an
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sonali
Name04-Mar-2014
Name626
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0

Car insurance premiums are set to rocket later this year because reforms by Chris Grayling, the Justice Secretary, have failed to have an impact on fraudulent claims, a leading motoring organisation has said. The AA published figures showing the average quote in the first three months of this year
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CA. Sanjeev Soni
Name26-Apr-2014
Name796
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