Finance : Electric two-wheelers are becoming a more visible part of everyday mobility in India. As the EV market grows, riders are also begi...
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...
Corporate Law : IRDAI approved in-principle drafting and publication of new and amended regulations following the Sabka Bima, Sabki Raksha (Amendm...
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 : 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 Authority found that core survey functions were carried out by unlicensed personnel. It held that such outsourcing violated re...
Corporate Law : The regulator cancelled a surveyor’s licence after finding false records, mismatched filings, and inaccurate disclosures. The ru...
Corporate Law : The case involved submission of a forged diploma for obtaining and renewing a licence. The Authority held that continued reliance ...
Corporate Law : IRDAI delegates Section 34 powers between Whole Time Members and Chairperson. The move aims to streamline enforcement actions and ...
Corporate Law : The notification addressed mandatory reinsurance cession for general insurance policies. It mandates 4% cession to GIC Re, ensurin...
As a business owner, you have to make many decisions related to your business, from how to market your products to how to deal with your employees. One employee-related decision is what employee benefits you will offer, from paid overtime to health care benefits. While there are many ways of ensuring that your employees are […]
(1) These rules may be called Indian Insurance Companies (Foreign Investment) Amendment Rules, 2019. (2) They shall come into force on the date of their publication in the Official Gazette.
Today, investment planning is as important as earning. And why is that? In a volatile world like this, you never know what’s coming next for you. There might be an unexpected expense or rise in inflation, and all of this can create a financial imbalance in your life. The way you can deal with all […]
Life is always undefined and under this uncertainty it is highly imperative to secure your family’s financial needs in your absence. There are several insurance companies offering different types of term plans in the market. Selecting the best amongst them can certainly be difficult. Here you can learn the features of an ideal term plan […]
Most of us hear about term plan often but aren’t much aware of what exactly it is. A term plan is basically a type of life insurance which offers coverage for a period of time to the policyholder. In case of demise of the insured over the tenure of the policy, a sum assured is […]
Canara HSBC OBC Life Insurance Company is a JV of two of country’s largest public sector banks and has vast network offering a wide range of life insurance solutions, plans suited for meeting individual’s personal requirement. The company offers complete protection to the policyholder and his family in case of an unanticipated event. The various […]
Understanding the tax implications of life insurance policy maturity. Learn about the exceptions and conditions for tax-free amounts received.
Whether you buy a brand new car or a second-hand one, the first thing you should do is invest in a good car insurance policy. You can choose from a wide range of coverages offered by various insurance providers. While a good insurance company is one that offers a wide range of products choose from, […]
Here are some facts that everyone needs to consider before opting for a term life insurance.
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.
