Finance : Section 10(10D) provides exemption only when premium limits are within prescribed thresholds. If premiums exceed these limits, mat...
Finance : The article highlights the need for integrated travel and health insurance to manage both medical emergencies and trip disruptions...
Income Tax : Even where premium limits are exceeded, death benefits continue to be fully exempt. This ensures protection for beneficiaries. The...
Finance : Cyber insurance helps cover financial losses from cyberattacks like hacking and data breaches. It is becoming essential as digital...
Finance : The restoration feature ensures that insurance coverage can be reinstated after a major claim, helping maintain protection for oth...
Corporate Law : IRDAI formed a sub-committee to review private health insurance and improve policyholder experience. The initiative focuses on exp...
Corporate Law : The issue concerns identification of systemically important insurers. The regulator retained the same entities, emphasizing their ...
Corporate Law : IRDAI directs insurers to follow anti-dark pattern guidelines and submit compliance reports. The move strengthens consumer protect...
Corporate Law : The Government clarified that claim rejections are based on policy conditions like exclusions and OPD classification. IRDAI mandat...
Corporate Law : IRDAI is moving towards adopting Ind AS to standardize financial reporting across insurers. The framework aims to improve transpar...
Corporate Law : Supreme Court held that insurers impleaded as parties can raise all grounds, including quantum challenges. It remitted the case fo...
Income Tax : The SC upheld that reinsurance premiums paid to foreign entities are not taxable in India. It confirmed that absence of income acc...
Income Tax : The High Court held that reinsurance premiums paid to non-residents are not taxable in India and no TDS is required. It upheld Tri...
Corporate Law : SC affirmed a fire insurance claim after insurer attempted repudiation based on an arbitrary surveyor's report. Ruling held that o...
Corporate Law : Supreme Court rules pre-2015 life insurance policies were freely transferable, affirming High Court's decision against LIC's refus...
Corporate Law : The notification addressed mandatory reinsurance cession for general insurance policies. It mandates 4% cession to GIC Re, ensurin...
Corporate Law : The issue was the need to address increasing cyber risks in the insurance sector. IRDAI introduced updated guidelines with enhance...
Corporate Law : The circular shifts SLAs from a renewal-based licensing system to a registration regime with annual fees. This ensures continuity ...
Corporate Law : IRDAI constituted a Joint Expert Group to tackle transition and implementation issues under Ind AS. The group will guide insurers ...
Corporate Law : The IRDAI issued a circular providing clarifications on the implementation of Indian Accounting Standards (Ind AS) by insurers eff...
Here are some facts that everyone needs to consider before opting for a term life insurance.
Understand negligence and legal liability in insurance. Learn about the risks businesses face and how they can lead to financial loss.
The Insurance Regulatory and Development Authority of India (IRDAI) has put in place Integrated Grievance Management System (IGMS), which captures the complaints registered against all insurers. A statement showing the number of complaints received and attended to in the said system against both public and private general insurers during the last 3 years and the current year is given in Annexure.
As Indians, we have a knack for using protection shields whenever we bring home something new, for example a brand new car. We believe in safeguarding our car by using kitchen ingredients like lemons and chillies to ward off the evil eye. But this protection does not work unless you take the actual steps to […]
It is the fundamental right of every person to obtain at least the basic health amenities. People should remember that they may be young and healthy but that does not make them invincible. A calamity can strike anyone at any given point of time. You need to be prepared to combat against any and every […]
You live only once and life does not give you a second chance very often. To be truthful, there are a few things in life, which should not require a second chance. Here are a few instances when you have to put your best foot forward and make the first chance count. 1. Your happiness […]
A comprehensive guide to understanding different types of life insurance plans and their purpose. Make an informed decision to protect your loved ones.
If you understand the nitty-gritty of bike insurance, then you not just save money but also take good care of your motor. For those who are new to the motor insurance concept, this article highlights the key elements related to it.
Section 80C of Income Tax Act, 1961 offers an exemption to the individuals for the premiums paid for term insurance up to INR 1.5 lakh annually. Further, the death benefits that are received by a nominee of the policyholder are also tax-free.
Understanding CPA in motor insurance: what it means, how it increases premiums, and the benefits of higher coverage for vehicle owners.
