insurers

Irdai tweaks AIF rules for insurance companies

CHENNAI: Insurance companies have been allowed by their regulator to spend money on ‘fund of funds’ offered such funds usually are not utilized by an Alternate Investment Fund to speculate exterior India. The new dispensation offers insurers a supply...

Insurers can sell, renew Covid covers till September 30

HYDERABAD: With Covid-19 circumstances rising quickly once more, insurance regulator, Insurance Regulatory and Development Authority of India (IRDAI), on Wednesday allowed insurers to proceed to supply in addition to renew standard Corona policies. In June 2020, the insurance coverage...

Stranded Suez ship’s owner, insurers face millions in claims

LONDON: The proprietor and insurers of one of many world's largest container ships caught in the Suez Canal face claims totalling millions of {dollars} even when the ship is refloated rapidly, business sources stated on Wednesday. The 400-metre, 224,000-tonne...

‘Companies must specify reasons of health claim denial’

NEW DELHI: Insurance sector regulator Irdai has requested all insurers to be extra clear of their health insurance coverage claim settlement course of and apprise policyholders of reasons in case of denial of claims. It important that each one...

Irdai sees demand for new covers in wake of pandemic

MUMBAI: The Insurance Regulatory and Development Authority of India (Irdai) is anticipating demand for new covers like these for enterprise interruption and cyber dangers to rise in the wake of the pandemic and the corresponding shift to work-from-home preparations....

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Tamil Nadu Congress Candidate Madhava Rao Dies Of Covid, By-Election If He Wins

<!-- -->Congress candidate from Tamil Nadu's Srivilliputhur constituency died of Covid right now.Chennai: A Congress candidate from Tamil Nadu...