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                                After Assam earthquake, general insurers start receiving claims, mostly in property insurance segment

                                The earthquake measuring 6.4 on the Richter scale rocked Assam on April 28. The epicentre of the quake was located at Dhekiajuli in Sonitpur district. The tremors, which were felt across northeast India, some parts of Bihar and West Bengal, Bhutan and Ban

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                                • For public sector insurer National Insurance Company (NIC), the approximate claim size varies in the range of Rs 6 lakh to Rs 10 lakh as these are mostly residential building losses.

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                                                                      1. COVID-19 health insurance claim, cashless approvals, authorization, Third Party Administrators, irdai,

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                                                                                                      • The ombudsman acts as a counsellor and mediator and arrives at a fair recommendation based on the facts of the dispute.
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                                                                                                                    We continue to monitor the impact of a second COVID-19 wave on growth.

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                                                                                                                        Private players reported 8% y-o-y growth in individual APE for FY21, significantly higher than initial expectations at the start of the pandemic.

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                                                                                                                                      1. FM asks IRDAI to act against insurers for denying cashless COVID-related claims by insurance companies

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                                                                                                                                                        vehicle insurance claims, AI enabled automation, health insurance, queries, technology-first insurance company, savings on premium, policy

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                                                                                                                                                                                Delhi High Court, IRDAI, Insurance Regulatory and Development Authority of India

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                                                                                                                                                                                  1. However, an insurance agent will not have to take written approval of the company if the advertisements are developed by the insurer and provided to them.

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