The Honourable Supreme Court Committee had asked the States and the Union Territories to report to them about all the vehicles plying in their jurisdiction without a valid third-party insurance policy. They had issued orders to confiscate the vehicle till such time the vehicle owner produces a valid insurance policy. However, the States and the […]
Being a part of the financial services industry, you must be completely aware of the fact that all Insurance Companies are insisting the linkage of Aadhar Card to the insurance policies of your clients. Being the point of connection, for both the insurer and the insured, it is your duty to initiate the same. Thus,[…..]
You have a few potential prospects that you are in contact with. How are you going to get a commitment from them for a purchase on a suitable insurance policy? How do you convince them to buy a policy without losing them for good? Here are our thoughts — The truth is, your prospect is already[…..]
In a major move to protect consumer interests and curb malpractices in India, the Insurance Regulatory and Development Authority (‘IRDA’), on 30 June 2017, notified the IRDA (Protection of Policyholders’ Interests)Regulations, 2017, which supersedes the existing IRDA (Protection of Policyholders’ Interests) Regulations, 2002. Among other reforms, the 2017 regulations define more stringent timelines for investigation[…..]
It is good news for Point of Sales Persons (POSPs) as IRDA has allowed indemnity health insurance plans to be sold through them. POSPs are insurance intermediaries who are allowed to sell products of more than one insurance company. IRDA has recognized POSPs as having potential to increase insurance penetration. With this view, indemnity health[…..]
