2024-04-27 09:24
In 2023, a university student in Taiwan tried to scam his insurers in an attempt to get a payout of $1.3 million dollars! By amputating his own legs!
What did he do?
The 23-year-ol… Read More
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2024-04-20 07:11
In April 2024, the insurance regulator IRDAI introduced changes to the health insurance regulations to protect policyholders and improve the health insurance experience.These revisions will… Read More
2024-04-15 08:55
If you go through your life insurance policy wording, you will come across Section 45, a provision of the Insurance Act, 1938 as amended by Insurance Laws (Amendment) Act, 2015. This pro… Read More
2024-04-02 10:25
SURRENDER VALUE in Life Insurance policies
Starting April 1, 2024, as announced by the insurance regulator IRDAI, revised surrender values in non-linked or linked life insurance products… Read More
2024-03-28 07:14
People tend to be certain that they will live a hundred years; be damn sure that their house will not burn down; that their car will not be totaled in an accident. The question is: Is it sur… Read More
2024-03-19 06:41
Western sanctions on Russian oil have had unexpected consequences for insurance of crude oil tankers, here’s how.
A recent investigation and documents leaked to Financial Times… Read More
2024-03-07 07:16
You may have heard the phrase ‘cohort-based pricing’ being tossed around a lot recently; owing to the news that the regulator IRDAI is considering a proposal from health insurers… Read More
2024-02-28 08:44
Success in the restaurant business is no easy feat. Perhaps the only thing more difficult is living up to the customers’ expectation of the reputation built over the years.
Wh… Read More
2024-02-21 06:12
Evolution is a slow process – especially in the field of insurance. What was once just insurance involving rigid contracts with hardly any customization or flexibility available to the… Read More
2024-02-13 06:39
If you have ever gone through your health insurance’s policy wording when the process of buying health insurance, you may have noticed “Consumables” listed under Exclusions… Read More
2024-02-05 07:14
Starting January 25, 2024, you will have the freedom to choose any hospital – even those outside the network of your health insurance provider – for your treatment on a cashless… Read More
2024-01-29 06:41
Having a pet in your life is – like having your best friend move in! Our four-legged companions weave threads of joy, loyalty and unwavering companionship and bring boundless love into… Read More
2024-01-22 06:53
What is the Red Sea shipping route?
The Red Sea is a crucial route for container shipping and international commerce. Being the fastest route between Europe and Asia, nearly 15% of the wo… Read More
2024-01-08 08:19
What happens when a legitimate claim is rejected by an insurance company?
The insurance company ends up paying more than the original cost of the claim.
At least that is what usually h… Read More
2023-12-29 09:24
If you have ever bought life insurance in India, you have most certainly gone through various products from different life insurance companies in your search for the perfect plan, and come a… Read More
2023-12-21 08:54
India is stressed out! – the ICICI Lombard Wellness Index 2023
ICICI Lombard recently unveiled its much-anticipated sixth annual India Wellness Index for 2023. While the report show… Read More
2023-12-12 06:10
You have seen this picture. Everyone has. Or at least everyone who has had a chance to use Windows XP before it was obsolete.
This image is titled Bliss, and it is the default Windows wal… Read More
2023-12-01 06:57
GEOGRAPHICAL AREA coverage in your Motor Insurance Policy?
Have you ever gone through the policy wording of your motor insurance policy?
Yes? Great!
No? Well, now is the time!
So… Read More
2023-11-24 10:04
It’s well known that vehicle dealerships today often provide end-to-end financing and insurance solutions. It does not take a genius to figure out why – they simply want to make… Read More
2023-11-17 09:03
The wait for insurance inclusivity.
In February 2023, the regulator IRDAI had mandated Insurance companies to offer annual health coverage to disabled, HIV-positive and mentally disabled… Read More
2023-11-06 09:24
India is expected to have a functional insurance claims exchange – the National Health Claims Exchange (NHCX) by December 2023.
In August 2023, 29 insurers offering health insurance… Read More
2023-10-30 10:03
With distressing news of war and conflict from different parts of the world becoming increasingly and worryingly common, we ordinary people can only hope that peace comes sooner than l… Read More
2023-10-21 09:01
When Mr. S. Kumar took a loan of Rs. 10 Lakhs for his business in 2018, the bank, in Namakkal district of Tamil Nadu, deducted a premium of Rs. 35,535 from his account as the premium for a f… Read More
2023-10-12 07:26
The seas have been a crucial means of trade since times immemorial, hence it would be no surprise that insurance, in one of its earliest forms, originated as marine insurance.
Merchant sh… Read More
2023-10-03 10:08
In September 2023, four persons were arrested by Hyderabad Cybercrime Police for operating a fake insurance call centre in Delhi and cheating people to the tune of 45 lakh. The group set up… Read More
2023-09-25 07:15
Blockchain, NFTs, Cryptocurrency – these are all terms originating from more or less the same revolutionary technology that has been taking the financial sector by storm.
But what e… Read More
2023-09-25 05:03
The recent Financial Immunity Study 3.0 by SBI Life with Deloitte gave us a much-needed insight into India’s perception of financial immunity and the ever-widening gap between their de… Read More
2023-09-07 09:59
Digitalization is the new growth strategy of Insurance. Competition and consumer behaviour are accelerating the digitalization process. With increasing investments in technology and introduc… Read More
2023-09-01 07:46
The Thief, His Wife and the Canoe is a TV mini-series which tells the story of a man who declared himself dead to claim $250,000 from his life insurance policy to pay off his debts. This fra… Read More
2023-08-23 08:54
ABS or Anti-lock Braking System is a safety feature in most vehicles today. Are you aware of what “ABS” in your vehicle means?
Anti-lock braking systems (ABS) helps in emergen… Read More
2023-08-17 06:57
While practicing safe driving remains a must, some vehicles come with features or facilities which are meant to improve safety conditions for you as well as others.
Adaptive headlights ar… Read More
2023-08-11 06:26
The Telangana State Consumer Disputes Redressal Commission (on 28th July, 2023) has directed Kamineni Hospitals Hyderabad to pay a sum of Rs 6 lakh for medical negligence and deficiency in s… Read More
2023-08-02 10:49
The Government of Telangana has announced on 30th July, 2023 that it has plans to launch a free insurance scheme for unorganised sector workers on the lines of Rythu Bima.
Who is an unorg… Read More
2023-07-28 10:10
Agriculture insurance companies seem to be making huge profits as claims paid out by them have been consistently reducing over the years.
Have a look at the below statistics from the Mini… Read More
2023-07-22 04:41
Hilarious jokes, impressions, or other repartee can cause someone to laugh themselves to death. For super comedians like Kapil Sharma or Vir Das, having death by laughter insurance might hel… Read More
2023-07-18 05:47
According to the Organization for Economic Co-operation and Development (OECD), 90% of world trade is done by sea today – not so different from back in the ancient world… Read More
2023-07-05 06:01
“Th’ whole worl’s in a terrible state o’ chassis” – Captain Boyle from the play Juno and the Paycock.
As Jean-Jacques Rousseau rightly said, “Eve… Read More
2023-06-29 09:32
Happy National Insurance Awareness Day!
While the insurance industry has shown reasonable growth in the recent years, insurance is perhaps something that is not as talked about as it shou… Read More
2023-06-21 10:43
Around the world June is celebrated as Pride month as we strive to achieve justice and equal opportunities for lesbian, gay, bisexual, transgender, queer (LGBTQ+) and other members of the co… Read More
2023-06-21 10:41
The phrase ‘Third Party’ is quite well known and one which most people are familiar with. But do you know what it actually means? Perhaps a small segment of policyholders does… Read More
2023-06-21 10:39
World Ocean Day reminds every one of the major role the oceans have in everyday life. They are a critical part of the biosphere and a major source of food and medicine.
The purpose of thi… Read More
2023-06-21 10:36
Every year we observe “World No Tobacco Day” on May 31 to remind ourselves of the dangers of cigarettes and tobacco products. Yes, even smokeless tobacco products can wreak havoc… Read More
2023-06-21 10:31
Dr. Solomon S. Huebner is the “father of insurance education”. He taught the first course ever given in insurance, established the insurance department – and became the arc… Read More
2023-06-21 10:29
Diabetes is a chronic disease which occurs either when the pancreas does not produce enough insulin or when the body cannot effectively use the insulin it produces.
Often called the Diabe… Read More
2023-06-21 10:07
Fire insurance covers damages and losses caused by accidental fire. Such insurance covers the loss that the insured may suffer due to destruction of or damage to property or goods, caused by… Read More
2023-05-05 10:09
Sir Walter Scott was a pioneer of historical fiction. His works include Ivanhoe (one could call it the precursor to the more modern Robin Hood) and Rob Roy. An extremely successful and popul… Read More
2023-05-05 10:07
Sir Robert Walpole, 1st Earl of Orford, KG, PC, was a British statesman who, as First Lord of the Treasury, Chancellor of the Exchequer, and Leader of the House of Commons, is regarded as th… Read More
2023-05-05 10:03
In insurance, the rule of ‘proximate cause’ is often called into action “to determine whether an event covered by a policy or an event excluded by the policy is the dominan… Read More
2023-05-05 09:59
As the effects of climate change are increasingly felt around the world and nations scramble to shift away from fossil fuels in their attempts to meet their carbon zero targets, nuclear ener… Read More
2023-05-05 09:57
In 2009, the FBI charged two old ladies with fraud for buying policies in the name of fictitious people, killing them off ‘on paper’ and staging their funerals – all so the… Read More
2023-05-05 09:54
In 2010, the New York police arrested Atul Shah and Mahaveer Kankariya of Dialite Imports, a wholesale diamond business in Manhattan, and charged them with staging a robbery at their store t… Read More
2023-04-10 12:28
Agatha Christie, the bestselling author of the Hercule Poirot detective novels, is so popular that her books are outsold only by the Bible and the works of Shakespeare. When Christie died in… Read More
2023-04-10 12:26
In November 1841, Charles Dickens took out a life insurance policy worth £5,000 (£360,000 today). At this time, he had already published five novels including Nicholas Nickleby a… Read More
2023-04-10 12:24
You have heard of Franz Kafka (1883 – 1924), one of the greatest existential novelists of the century past. If you have not, we suggest you read his works. To name some of his novels:… Read More
2023-04-10 12:21
According to a recent study by an Australian insurance company ‘Compare the market’, Indian drivers are among the worst in the world. The fourth worst, to be precise, and only sl… Read More
2023-04-10 12:19
We dug patiently into the insurance archives and found that Queen Victoria had a life insurance policy!
As per the records, Queen Victoria had a policy worth £2,000 (= £200,00… Read More
2023-04-10 12:16
From ‘My Experiments with Truth’:
“About the time I took up chambers in Bombay, an American insurance agent had come there a man with a pleasing countenance and a… Read More
2023-04-10 12:15
Elizur Wright, a 19th century American who started his career as a mathematician is widely considered to be the father of life insurance.
In 1844, there was a public auction of old, sick… Read More
2023-04-10 12:08
This is an advertisement that the TVS Motor Company placed in The Hindu in 1958.
In 1912, T. V. Sundaram Iyengar took a risk and provided people with a new, reliable means of transport &n&hell…Read More
2023-03-03 09:45
On Feb. 6, a magnitude 7.8 earthquake struck the region of southern Turkey and northern Syria. This was followed by a second earthquake of magnitude 7.5. As of today, more than 21,000 people… Read More
2023-03-03 09:44
In January, 2023 a Telangana state secretariat official went to lengths to get his hands on Rs 7.4 crore life insurance amount from as many as 25 policies. To claim under these policies, he… Read More
2023-03-03 09:42
A Life Insurance policy in India excludes suicide for one year. Should a client desire that suicide be permanently excluded, as per religion / wish, it would be impossible in India. Thus, th… Read More
2023-03-03 09:41
Until 2004, being employed with the Government was considered a service to the nation and hence government employees were eligible for pension under the Old Pension Scheme (OPS). Eventually… Read More
2023-03-03 09:40
While the Legend still lives through his music, he would have turned 88 years old on 8th January, 2023.
But did you know Elvis apparently never had a life insurance policy?
According t… Read More
2023-03-03 09:38
After a car accident the author had massive hospital expenses that both medical and motor insurance companies refused to pay. The motor insurer misquoted medical records making it appear as… Read More
2023-03-03 09:37
“You’d get very rich if you thought of yourself as having a card with only twenty punches in a lifetime, and every financial decision used up one punch. You’d resist the te… Read More
2023-03-03 09:35
On February 1, 2023 presentation of the budget, the government proposed that income from policies issued on or after April 1, 2023 with an aggregate premium of more than Rs. 5 Lakhs would no… Read More
2023-03-03 09:34
Batman Black and White refers to the comic book limited series published by DC Comics featuring black and white Batman stories. Volume 2 of this series features a story titled “Fortune… Read More
2023-03-03 09:33
Development has become rather synonymous with construction work and every major city in India undertakes vast construction projects.
Earlier this month, a mother and her young child were… Read More
2022-12-16 11:17
Bradley Douglas Paisley is an American country music singer, sold over 11 million albums and won three Grammy Awards. Paisley’s connection to Insurance is through Cigar… Read More
2022-12-15 11:20
Motor Insurance is compulsory. Taken for granted, this is probably the reason we do not find many advertisements geared toward this class of insurance in India.
Be it a two-wheeler… Read More
2022-12-07 09:09
In a joint owned property, there can be more than one insured in an insurance policy. When one insured causes a loss through wrongdoing, the other insureds are considered “innocent ins… Read More
2022-12-07 07:23
Have you ever wondered about the rationale which goes into an organisation’s brand logo?
One such organisation is the ICICI PRUDENTIAL LIFE INSURANCE COMPANY.
The logo, you may o… Read More
2022-12-07 07:22
Accidents Will Happen is a 1922 American short film by one William H. Watson and starring Neely Edwards and Bert Roach.
Image courtesy: Universal, August 1922
The comic one-act film fo… Read More
2022-12-07 07:20
In the 80s, insurance companies in the USA were often thought to be as “cold and distant”. Marketing to attract customers in such an environment proved difficult.
However, one… Read More
2022-12-07 07:18
“Fletch” is a 1985 comedy thriller about one Irwin M. “Fletch” Fletcher, an investigative reporter who is offered a small fortune by a millionaire, Matheson, to kill… Read More
2022-12-07 07:17
Mark Twain once said, “The reports of my death are greatly exaggerated,” when a newspaper mistakenly published his obituary. When the economy is down and unemployment on the rise… Read More
2022-12-07 07:16
John Grisham’s bestseller from 1995, The Rainmaker is a thrilling legal drama involving a corrupt insurance company and an idealistic, young lawyer, Rudy.
Having lost a potential op… Read More
2022-12-07 07:15
Did you know that October 20, 1897 marks the date the first ever Motor Insurance policy was sold?
On this day, Gilbert J. Loomis of Westfield, Massachusetts bought the first ever Motor in… Read More
2022-10-26 09:27
The Mountain Goats are a successful American folk-rock band formed by singer-songwriter John Darnielle in 1991. The Mountain Goats Album “the Coroner’s Gambit&rdqu&hell…Read More
2022-10-26 09:24
Rita Hayworth and Shawshank Redemption is a novella by Stephen King from his 1982 collection Different Seasons, subtitled Hope Springs Eternal. Novella mea… Read More
2022-10-26 09:22
The James Bond novel ‘The Spy Who Loved Me’ was about Bond preventing the owners of a small hotel from burning it down to collect the insurance money. In this… Read More
2022-10-26 09:21
Bathukamma is a floral-festival celebrated every year by the people of Telangana State. Celebrated for nine days during the months September–October, Bathukamma means “festival o… Read More
2022-10-26 09:19
While Virgin Galactic and Blue Origin may romantically inspire space travel, modern travel is more concerned with on how to find cheap airplane tickets, clean hotel rooms and cheap travel in… Read More
2022-10-26 09:15
During the Krita, Dwapara and Treta Yuga, (KDTY), Gods incarnated. Lord Rama for Ravana; Lord Krishna for Kansa; Goddess Durga for Mahishasura & Lord Narasima for Hiranya Kashyap etc… Read More
2022-10-26 09:11
A definition is a description of the nature, scope and the meaning of something. In health insurance, policy wording and definitions of various facilities, diseases etc. are extremely import… Read More
2022-08-29 10:43
Section 3 of the MOTOR INSURANCE Policy general conditions talks about reasonable care.
“The insured shall take all reasonable steps to safeguard the vehicle insured from loss or da… Read More
2022-08-29 10:41
One of the Conditions from the Motor Policy Document is: “The insured shall take all reasonable steps to safeguard the vehicle insured from loss or damage and maintain it in efficient… Read More
2022-08-29 10:40
भारत हमारा देश है। हम सब भारतवास… Read More
2022-08-29 10:39
The Bleeding Edge (2018) is a Netflix documentary which examines the growing medical device industry.
It reveals how the race to innovate results in devastating consequences for patients… Read More
2022-08-29 10:37
The festival ‘Raksha Bandhan’ symbolizes protection where a band (rakhi) is tied by a sister to brother; brother to brother; son to mother; son to father; Hindu to Muslim and so… Read More
2022-08-29 10:35
The Swadeshi Movement (7th August, 1905) had encouraged handloom weavers. In 2015, the Government of India decided to celebrate 7th August every year, as the National Handloom Day.
The Go… Read More
2022-08-05 09:44
Did you know, the Motor Insurance policy does NOT define “fire…. lightning” anywhere in the policy document, while it promises to indemnify! Absence of definition may lead… Read More
2022-08-05 09:43
Honda Goldwing is the only motorcycle that offers airbags as standard. So, if you need a motorcycle with airbags, best to buy a Honda Goldwing.
The motorcycle airbag system is integrated… Read More
2022-08-05 09:42
On 6 August, 1945 the USA dropped ‘Little Boy’ on the town of Hiroshima. To commemorate this unfortunate day, the city of Hiroshima holds the Peace Memorial Ceremony for the vict… Read More
2022-08-05 09:41
The Indian law does not have a minimum age for two-wheeler pillion riders.
It is mandatory for the children between nine months and four years to wear a crash helmet and safety harness wh… Read More
2022-08-05 09:39
In India the ‘pillion’ rides a two-wheeler on side-saddle due to the clothes worn. In two-wheeler physics, this is a bad idea. Side-saddle riding allows a rider to sit aside… Read More
2022-08-05 09:37
On July 20, 1969, Neil Armstrong became the first human to ever set foot on the moon.
But before they could even begin their trip to the moon, the astronauts Neil Armstrong, Buzz Aldrin a… Read More
2022-07-18 09:13
The 11th of July this year is dedicated to focusing on the increasing problems as a result of the growing global population. This is a crucial issue because the world resources are depleting… Read More
2022-07-18 09:11
In 1994, realizing the commercial potential of the Internet and determining that books might sell online, Jeff Bezos founded Amazon. He initially called the business Cadabra (as in abracadab… Read More
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