Insurance Act

Changing nominee in life insurance policies to cost Rs 100 now

Cancellation or change in nomination in insurance policies now comes at a cost as regulator IRDAI has allowed life insurers to charge up to Rs 100 for any such modification.

Apr 03, 2015, 18:31 PM IST

IRDA slaps Rs 20 lakh fine on Apollo Munich Health Insurance

Insurance regulator IRDA has slapped a fine of Rs 20 lakh on Apollo Munich Health Insurance Company, mostly for selling its policies through the website of makemytrip.Com, which is not authorised to sell insurance.

Mar 23, 2015, 20:37 PM IST