THE INSURANCE TIMES - August 2024

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In this issue we have covered articles on - Take aways from the Union Budget 2024-25- Musings from an Insurance Pensioner - R Venugopal; Leveraging Technology for Income Protection and Replacement Products in India: A Path to Inclusive Insurance - Aman Pal Singh; Third Party Administrator (TPA) - Need to Strengthen the Pillars of Health Insurance Claims Management - Dr. Seema Arora; Indian Economy Past-Present-Future with world view - P S Parameswaran; Bunga Melati Dua–Pirate Attack!! Marine Insurance!! - Historical Maritime Fraud - Dr. Soumi Mukherjee.
Interview with Susil Dev Subedi, Director at Nepal Insurance Authority & CEO, Insurance Institute of Nepal.
We have covered news on General Insurance, IRDAI News, LIC News, Health Insurance News, Private Life Insurance News and International News.

Besides it covers other interesting features.

Take aways from the Union Budget 2024-25- Musings from an Insurance Pensioner

The entire nation heard the Union Finance Budget presented by our Honourable Finance Minister at the Parliament on July 23 2024.

3 mins

Leveraging Technology for Income Protection and Replacement Products in India: A Path to Inclusive Insurance

Income protection and replacement insurance products are designed to provide a safety net for individuals and families during periods of unemployment, disability, or illness. However, the adoption of these products in India has been sluggish, primarily due to a lack of awareness, affordability issues, and the complexity of traditional insurance processes.

6 mins

Third Party Administrator (TPA) - Need to Strengthen the Pillars of Health Insurance Claims Management

The liberalisation of the Insurance sector and formation of Insurance and Development authority of India in 2000 has completely transformed the Indian Insurance Industry in the last two decades. There are currently 60 registered Insurers (including 7 standalone health Insurers) having physical presence with approximately 22,000 offices throughout the country.

10+ mins

Indian Economy Past-Present-Future with world view

The Indian economy has experienced significant changes over the decades, transforming from a largely agrarian society to a more diversified economy with growing industrial and service sectors. Here's an overview of the Indian economy's past, present, and potential future, along with a comparison to global economic trends.

3 mins

Bunga Melati Dua-Pirate Attack!! Marine Insurance!! -Historical Maritime Fraud

Marine insurance is one of the earliest forms of insurance type in the history. Its importance continues because of the massive sea trade traffic. Almost 80% of the world trade travels by sea. The fact that ships are carrying goods more than people affects both the policies and approach for vessels and other insurable subjects. Policies are more focused on goods and offer solutions for them, while crews become a secondary part of the insurances.

10 mins

Insurance Caselaws

NCDRC Orders Reliance Life Insurance Company To Pay Rs 1 Crore And 50k Litigation Costs.

9 mins

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THE INSURANCE TIMES Magazine Description:

The Insurance Times, which will be completing glorious 42nd year of successful and regular publication in 2022, is the most authentic information source on insurance in India.

The Insurance Industry under the new regulatory setup is moving forward aggressively.
Every month, the journal covers informative articles and features on both general insurance and life insurance. Besides regular columns for Insurance Regulators, Brokers, Bancassurance, legal, surveyor, agents, students etc; it brings you the latest and updated news of the Indian as well as overseas insurance industry.

Regular features on risk management and safety also keep you abreast of the latest risk management techniques. 

We regularly review the policies issued by life and non-life companies including comparisons of various products.

A special emphasis is given on marketing of insurance both life and general. This journal is a must for all persons connected with insurance companies, corporate bodies, brokers, banks, surveyors, agents, consultants, students, educational institutions and professionals.