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Insurance Broker License
Ganesh Nair
| Updated: Aug 27, 2022 | Category: Insurance Broker

Insurance Broker License in India: Process, Fee and Validity

Uncertainty over life and the ever-increasing medical service cost has made us realise the importance of "insurance". Insurance brokers are people who curate insurance policies keeping in mind the needs...

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General vs Life Insurance Broker
Ganesh Nair
| Updated: Jul 13, 2022 | Category: Insurance Broker

General vs Life Insurance Broker: Key Differences

In India, the Insurance Regulatory and Development Authority is the body authorised to issue insurance broker licenses under the IRDA Act, 1999. As the insurance sector is booming, these regulations...

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IRDAI Issues an Insurance Broker License for PhonePe
Karan Singh
| Updated: Sep 04, 2021 | Category: Insurance Broker

IRDAI Issues an Insurance Broker License for PhonePe

On August 30 2021, IRDAI issues an Insurance Broker License for PhonePe. Last year, PhonePe had entered the insurance sector with an insurance corporate agent license, which allowed the company...

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Insurance Companies (Foreign Investment) Amendment Rules 2021 - An Overview
Karan Singh
| Updated: Sep 03, 2021 | Category: IRDA Advisory

Insurance Companies (Foreign Investment) Amendment Rules 2021 – An Overview

Recently the Finance Ministry of India issued the Indian Insurance Companies (Foreign Investment) Amendment Rules, 2021, which amend detailed provisions of the Indian Insurance Companies (Foreign Investment) Rules, 2015 to...

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General Insurance Business (Nationalisation) Amendment Bill, 2021
Karan Singh
| Updated: Aug 25, 2021 | Category: IRDA Advisory

General Insurance Business (Nationalisation) Amendment Bill, 2021

On August 11, the General Insurance Business (Nationalisation) Amendment Bill, 2021, was passed by the Parliament of India. This bill aims to push greater participation in public sector insurers. The...

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What are the Key Features of Micro Insurance Companies?
Karan Singh
| Updated: Jul 22, 2021 | Category: IRDA Advisory

What are the Key Features of Micro Insurance Companies?

Micro Insurance is a form of insurance aimed to make essential insurance items more realistically priced. It breaks down insurance from its traditional form into something much lower – including...

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How do Insurance Companies Steer Clear of Their Liability in Case of Double Insurance?
Karan Singh
| Updated: Jul 13, 2021 | Category: IRDA Advisory

How do Insurance Companies Steer Clear of Their Liability in Case of Double Insurance?

There may be certain conditions wherein an individual may come across few examples wherein they may find that they had taken overlapping insurance covers over a similar subject matter. So...

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What is the Process to File a Case with Insurance Ombudsman in India?
Karan Singh
| Updated: Jul 10, 2021 | Category: IRDA Advisory

What is the Process to File a Case with Insurance Ombudsman in India?

The IRDAI or Insurance Regulatory and Development Authority of India have arranged a procedure for insurance companies to handle the complaints of customers. In case you have any questions or...

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What are the Roles of IRDA? – An Overview
Karan Singh
| Updated: Jul 02, 2021 | Category: IRDA Advisory

What are the Roles of IRDA? – An Overview

IRDA stands for Insurance Regulatory and Development Authority, is the highest authority that authorises the working of insurance business in India. It was established by the Insurance Regulatory and Development...

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Health Insurance
Karan Singh
| Updated: Jun 28, 2021 | Category: Insurance Broker

Things to Know Before Buying Health Insurance – An Overview

The idea of health insurance needs specific things to know before buying health insurance. Health is the central consideration point for any nation's growth. There is growing awareness regarding health...

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