Indian Insurance Industry News & Updates - October 2021
SAT quashes SEBI’s ban on key roles for ZEE’s Goenka
The Securities Appellate Tribunal (SAT) on Monday set aside an order of the Securities and Exchange Board of India (SEBI) barring Zee Entertainment Enterprises Ltd. CEO Punit Goenka from holding any key managerial position in the media house or any other company over allegations that he and his father -- Zee founder Subhash Chandra -- had siphoned off company funds.
Insurers to provide details of basic features of policy to customers from Jan 1, 2024
Insurance companies will have to provide basic features of a policy like sum assured, what the policy covers as well as exclusions, and claim procedure, to policyholders in a prescribed format from January 1, for easy understanding of terms and conditions.
In New Year, know your health cover at a glance
Health insurance plans are set to become more transparent and user-friendly, with the regulator directing companies to issue a sheet containing a concise summary of basic policy information and holders’ rights.
Sensex, Nifty fall in early trade on continuous foreign fund outflows, sluggish trend in global markets
IRDAI mandates updated, simple customer info sheet for health insurance cover from January
An updated customer information sheet (CIS) for health insurance cover providing policyholders key information in simple terms while highlighting their obligations to make transparent and fair disclosures will be issued from January.
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