Insurance News

India: Regulator aims to ease the KYC process for insurers

The insurance regulator plans to urge the government to allow the use of Aadhaar, a 12-digit identification number issued to each resident of India, to make the online know-your-customer (KYC) process simple and quick for insurers and policyholders. Read More ...

Asia Insurance Review | 17 May 2019 19:09 PM
Genetic diseases, mental illness cannot be excluded from health insurance coverage: IRDAI

IRDAI has bought out a set of incidents that have to mandatorily covered under a health insurance product. Read More ...

Money Control | 17 May 2019 19:07 PM
Mobile-only insurance can change the way policies are stored

Mobile-only insurance policies could be a reality in a few years. Imagine a scenario where you no longer need insurance papers. An insurance agent comes home and suggests a policy that is appropriate for your needs. After the payment a unique identity number is generated, which acts as the policy document. Read More ...

Money Control | 13 May 2019 18:34 PM
From walk-in customers to online customers — the changing face of insurance industry

The changing face of the insurance industry, from the time that it depended on walk-in customers to the current proliferation thanks to the online space, was discussed at the 20th Annual Insurance Conference and Indian Insurance Awards on Friday. Read More ...

The Hindu | 07 May 2019 12:16 PM
Irdai may allow instalment mode for insurance claims

Regulator Irdai is mulling giving policy holders an option to receive payment of claims in instalments under certain policies like personal accident (PA) and benefit-based health insurance. Read More ...

The Free Press Journal | 18 Apr 2019 13:12 PM