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Insurance News

IRDA Disapproves Shah Rouf's Appointment As Tata AIA Life’s MD & CEO [Posted by: InsuringIndia News on Thursday, September 11, 2014 12:00 AM ]

The insurance watchdog in India Insurance Regulatory and Development Authority has rejected the appointment of Mr. Shah Rauf as Managing Director and Chief Executive Officer of insurance joint venture Tata AIA Life Insurance, citing his accounting and governance failures at Aviva in Romania as the head.

The regulator rejected the appointment after it came to know about his failure. The insurer did not mention it in its filing for approval. However, a Tata AIA Life spokesperson, said "All

Rash Driving Could Cost You Higher Insurance Premium [Posted by: InsuringIndia News on Wednesday, September 10, 2014 12:00 AM ]

Vehicle owners having habit of rash driving could end up paying higher insurance premium for their vehicles; this is one of the key reforms being incorporated in the new Motor Vehicle & Traffic Safety law.

At present, insurance premium for vehicle is determined on the basis of vehicles only; but now, if the new law is implemented, it will be linked both to vehicle and record of its drivers.

As per the law proposed, over the next 1-2 years, data relating to drivers (whether it’s

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बीमा पॉलिसियां जो आपके और परिवार के लिए है सुरक्षा कवच
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ऐसे बन सकते हैं आप अच्छे बीमा एजेंट
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पशुओं का कराएं बीमा, हो जाएं बेफिक्र
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