Growth of insurance business

The Growth of Insurance Business April 2018 vs April 2017 – IRDAI report

Insurance plans, both life and general, are becoming quite popular among individuals as is evident from the increasing revenue earned by both life and non-life insurers. Recently, the Insurance Regulatory and Development Authority (IRDA) issued statements depicting the premiums earned by both life and non-life insurance companies in the month of April 2018. These figures[…..]

change in motor insurance policy

Did you know that IRDA has proposed for longer motor insurance tenures?

IRDAI has introduced some changes in the duration of motor insurance policies. As per the latest circular issued by IRDAI, it has been proposed that both two-wheeler and four-wheeler third party motor insurance policies would be offered for long tenures. While two-wheeler third party policies should be offered for a continuous period of 5 years,[…..]