Insurance Policy
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IRDAI says insurers sitting on cumulative Rs 15,167 crore in unclaimed money; big chunk lying with state-run LIC
•Insurance Regulatory and Development Authority of India has asked insurers to identify policyholders or beneficiaries and disburse the claims.
Personal finance: Want to reduce your health insurance premium? Here's how
Jyoti Punja •One should purchase a health insurance policy as soon as possible to avail the benefits of lower premium.
Aadhaar-insurance policy linking: IRDAI extends date till 31 March, 2018
Ians •On 8 November, the IRDAI had directed the insurers to link Aadhaar and PAN card numbers with insurance policies.
Aadhaar linking: Around 14 cr of 30 cr PAN, 70% of over 100 cr bank accounts already linked, says UIDAI
•The government is pushing for linking a host of services such as credit cards, cell phones and bank accounts to Aadhaar to weed out ghost holders and check tax evasion.
LIC cautions policyholders: Do not share Aadhaar through SMS, no such message sent
•As and when LIC will enable linking of Aadhaar number with policies through SMS, its website will be duly updated of this option.
Link your insurance with Aadhaar, says Irdai; companies term move 'progressive' but see short-term challenges
•ICICI Lombard Bhargav Dasgupta feels linking insurance policies to Aadhaar is a logical step towards creating a unified platform for financial services
IBM and AIG partner to develop a smart insurance policy using blockchain technology
Fp Archives •A master policy is typically issued in the country where a company is headquartered, while affiliates often need coverage in other countries that impose varying rules, documentation, and payment terms.
LIC should ask itself who is the boss: The policyholder or Arun Jaitley
Jagannathan •The finance ministry uses the LIC as an investor of the last resort when its disinvestment offerings bomb. Most of the LIC's actions evade public scrutiny as it is 100 percent owned by the govt. A listing would make it more accountable
LIC launches pilot project in Mumbai to digitse policies
Fp Archives •The company clarified that the agreement is only for a two-month pilot project and no final decision has been taken in this matter or no agreement has been signed.
IRDA's digital makeover: Soon get vehicle insurance details via SMS
Fp Staff •According to a report in the Hindu BusinessLine, Insurance Regulatory and Development Authority (IRDA) is planning to provide a service which will enable vehicle owners to get the details of their policy via an SMS.