The Insurance (Amendment) Bill, 2021
The Insurance (Amendment) Bill, 2021 was introduced in Rajya Sabha by the Minister of Corporate Affairs, Ms. Nirmala Sitharaman, on March 15, 2021. The Bill amends the Insurance Act, 1938. The Act provides
Insurance Industry
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Drop in disaster payouts strengthens case for reinsurance price cut
Payouts by insurers for disaster claims in the first six months of the year were below the average for the past 10 years, a study showed on Wednesday, which is likely to bolster insurers' calls for cheaper
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NGT seeks reply on interim relief to hail-hit farmers
Despite more than four months, no compensation for crops damaged by hailstorm has been paid by the government to affected farmers. Now the green panel has sought reply from the Union agriculture secretary
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Weather-based crop insurance scheme comes into effect in Chhattisgarh
Based on the observation in 10 km area, the companies had been fixing the insurance cover that had resulted in making the real beneficiaries ineligible Chhattisgarh government had decided to introduce
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Solar panels light up Rudraprayag villages
Ten disaster-affected villages of Rudraprayag district are not dependent on the erratic power supplies of the State electricity department now, the streets of these villages are being lighted up by solar
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Tribunal raps state over delay in relief to hail-hit farmers
National Green Tribunal (NGT), central zone bench, Bhopal on Tuesday rapped Madhya Pradesh government and crop insurance company over the delay in releasing compensation to farmers affected by hailstorm
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National Green Tribunal: Tweak scheme for hail-hit relief
Hailstorm in the state caused crop damage of Rs 3,000 crore, according to estimates of Agricultural Insurance Company (AIC), a government agency. However, claims are under consideration and no provisional
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No policy yet to curb e-rickshaw menace
The delay in formulation of policy to regulate e-rickshaws in Delhi has put commuters, particularly pedestrians, at risk. These battery-operated tri-cycles are not only adding to chaos on roads but also
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Insurers must adapt to climate change
There is no doubt the climate is changing. Each of the past three decades has been warmer than the previous one, and the vast majority of scientific evidence points to this being caused by mankind's reliance
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Make Energy Insurance Pool operational, Petroleum Ministry told
To cut down the outflow of dollar and increase the rupee trade for purchase of more crude oil from Iran, the Finance Ministry has asked the Petroleum Ministry to take immediate steps to make the Energy
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Janashakthi, Lanka Jalani in Ma-oya safe water project
In a bid to safeguard Sri Lanka's fresh water sources, Janashakthi Insurance has stepped forward to fund the Ma Oya river catchment conservation project and have chosen Lanka Jalani- The Sri Lanka Water