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Irda likely to strengthen insurance ombudsmen
Insurance ombudsmen may soon be allowed to deal with the grievances of individual consumers involving claims higher than the Rs 20 lakh permitted at present. The scope may also be increased to cover all kinds of complaints, including mis-selling, from the issue of a policy to its maturity. The Insurance Regulatory and Development Authority (Irda) is looking into a proposal in this regard. Currently,

Honesty is the best policy

Tata Salt is taking its positioning as ‘desh ka namak’ a step forward, emphasising the role of mothers in nation-building by inculcating values of honesty in their children. In this

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ICICI Pru Life to use multiple CEOs to drive profitability

ICICI Prudential Life Insurance has created a new formula to drive profitability and growth in the organisation, an integrated geographic structure. This change from a vertical structure to a

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Covering life, health is not all

What comes to your mind first when you hear the term 'insurance'? Most would say Life Insurance Corporation. Some others are aware only about cover against the risk of death or life insurance and

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Irda caps commission on limited tenure policies
The insurance regulator has capped the agents’ commission paid by insurers for selling policies with limited premium payment tenure.

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SKS to relaunch life cover for micro borrowers

SKS Microfinance, the only listed micro lender in the country, plans to offer an endowment life insurance policy to its borrowers once again. The Hyderabad-based micro finance company had exited this

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