Insurers may get to sell related non-insurance value added products and services but not MFs Exploring the Opportunities: Insurers Venturing into Value-Added Non-Insurance Products and Services As the insurance industry continues to evolve, companies are constantly seeking new ways to add value and enhance their offerings to customers. One of the emerging trends is the provision of related non-insurance value-added products and services. While insurers may find multiple avenues to explore in this expanding market, […]

Health insurance claim new rules: Irdai issues circular for insurers to decide on cashless authorisation in 1 hour Based on the search results you provided, the Insurance Regulatory and Development Authority of India (IRDAI) has issued a new master circular for health insurance. This circular mandates insurers to decide on cashless authorisation requests within one hour. The new regulations aim to enhance service quality for policyholders and streamline the process of cashless claim settlements in […]

Insurance ombudsman doesn’t allow third party help: A dilemma for policyholders Insurance Ombudsman Doesn’t Allow Third-Party Help: A Dilemma for Policyholders Navigating the complexities of insurance claims can often be a dauntinOperating Guidelines for Trading Supported by Blocked Amount in Secondary Market -NSEOperating Guidelines for Trading Supported by Blocked Amount in Secondary Market -NSEg task for policyholders. This challenge is amplified when policyholders encounter disputes with their insurance providers. In many countries, an Insurance Ombudsman […]

100% FDI for Insurance Intermediaries: FDI Insurance Reforms Introduction to FDI Insurance Reforms The Indian government’s recent move to increase the foreign direct investment (FDI) cap in the FDI for Insurance Intermediaries sector from 49% to 100% is a landmark reform that promises to reshape the country’s insurance landscape. This reform aims to attract greater foreign investment, foster competition, and introduce global best practices into the Indian insurance industry. The significance of this reform cannot be overstated. […]

Comprehensive Overview of Credit Card Insurance Options In today’s dynamic financial environment, credit cards have transcended their traditional role as mere payment instruments. They now function as essential financial tools that offer an array of supplementary benefits, including various forms of insurance coverage. Gaining an in-depth understanding of the insurance options available can provide crucial protection against unexpected events, thereby enhancing the overall value of your credit card. The Critical Role of Credit Card Insurance […]