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Govt suggests norms for units dealing with hazardous chemicals

Industrial units dealing with hazardous chemicals should subscribe to a special insurance policy to cover liabilities likely to arise on account of any disaster or accident, failing which they will not be allowed to continue operations, the government today said.

Bajaj Allianz launches weather-based crop insurance

Vice president & Head Agriculture Business, Bajaj Allianz Ashish Agarwa said, "The company has identified the need to offer the product in these areas looking at the volumes of the produce and how unfavourable weather conditions had an impact on the produce."

Irda allows 3-yr third party insurance cover for two-wheelers

The policy has to be renewed every year in case of own-damage cover.

Now, car insurance renewal every five years?

These policies could also be cheaper as compared with the earlier policies. IRDA also aims to use this long-term policy cover to promote insurance, especially in rural areas.

IRDA tightens norms for replacement of life insurance policy

Seeking to safeguard interest of customers, IRDA has made it mandatory for agents to provide full details in transparent manner before persuading policyholders to shift to another life insurance firm.

Pilot project for insurance policy digitisation from July 1

Insurance regulator IRDA Tuesday said the pilot project for digitisation of insurance policies would start from July 1.

Adopt reasonable font size in policy forms: IRDA to insurers

Insurance regulator IRDA Tuesday asked all insurers to adopt a reasonable font size so that the policy holders are not at discomfort while reading forms.

Safeguard your investment

While it may not be mandatory, taking term insurance to cover your home loan is certainly advisable.

'Insurance policy mis-selling among top complaints'

Mis-selling of insurance policies and delay in claim settlements top the list of 2,341 complaints lodged by aggrieved customers with the Chandigarh Insurance Ombudsman.

Insurance Co can't go back on policy once its issued

Once an insurance company has issued a policy, it cannot later reject the insured person's claim on the ground that cover was given in violation of terms and conditions, the Delhi State Consumer Commission has ruled.

'Insurer has to pay 3rd party even if policy premium cheque bounces'

An insurance firm is bound to pay third party compensation to a road mishap victim even if the policy had been nullified due to bouncing of the vehicle owner's cheque for premium, the Supreme Court has ruled.

Not wrong for Muslims to have insurance: Khurshid

The Darul Uloom Deoband may
view it as unlawful for Muslims to work in banks or opt for
insurance policies, but Minority Affairs Minister Salman
Khurshid on Saturday saw nothing wrong in it.

Insurance policy un-Islamic: Darul Uloom

After its fatwa that working in
banks is un-Islamic, the Darul Uloom Deoband has now declared
that opting for an insurance policy too went against the
tenets of Islam.