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IRDA News
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(IRDA) has suggested insurance companies to include robotics surgery in health insurance.
With the inclusion of robotic surgery in health insurance, Indian patients will be able to get the surgery performed in the country, rather than travelling abroad.
The trend of robotic surgery has increased over the past few years.
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Decision pursuant to SC decision.
Long-term insurance package cover from September 2018.
General insurers asked to provide two options to choose from.
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Irdai asked insurers to follow accounting procedure.
This as per notification dated December 2017.
All insurer to comply to the SCWF Rules, 2016 every year.
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In case of life insurance policies, there is a grace period for payment of renewal premiums, it said, and added insurers have been asked to enhance the grace period by additional 30 days if desired by the policyholders.
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After the announcement of the new medicaim policy, Insurance companies will have to include maximum diseases and ailments in the policy cover.
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The telematics will be used to monitor driving habits, vehicle usage and even distances covered, to ascertain the insurance premium of cars.
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The new regulations would help brokers.
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"We expect to become operational beginning early next year," Ambani said while addressing shareholders during the company`s annual general meeting held here.
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Non-life PSU insurer National Insurance Company (NIC) is expecting to receive between Rs 4,000 crore and Rs 5,000 crore from the proceeds of its planned public offer, industry sources said.
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Truckers in Telangana and Andhra Pradesh intensified their strike on the fifth day on Monday, staging protests to press their demands.
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Over 2 crore formal sector workers will soon have an option to choose health insurance products available in the market in lieu of the mandatory scheme run by the Employees State Insurance Corp (ESIC).
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Seeking to attract more foreign investment, the government has relaxed FDI norms for insurance sector by permitting overseas companies to buy 49 percent stake in domestic insurers without prior approval.
Bajaj Allianz Life Insurance today said it is aiming Rs 3,000-crore new business in the ongoing fiscal and will focus on increasing its individual business to 50 percent.
Bajaj Allianz Life Insurance today said it is aiming Rs 3,000-crore new business in the ongoing fiscal and will focus on increasing its individual business to 50 percent.
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Even though Irda has allowed banks to tie-up with three insurers from each segment of life, non-life and health to sell their products, State Bank of India has said it will only market schemes of its subsidiaries.
Insurance regulator IRDA Monday imposed a fine of Rs 10 lakh on Tata AIA Life Insurance for violation of excess payment to corporate agents.
Apex body of life insurers, Life Insurance Council is working hard towards making the Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) attractive for its member companies apprehending its viability under the present pricing policy.
Insurance regulator IRDA on Friday asked insurers to preserve all policies in electronic format and issued norms for maintaining and safe keeping of all e-records.
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