Page 49 - Insurance Times April 2019

b) While submitting the statement, reasons for pendency prescribed would severely undermine the grievance
for each award have to be mentioned separately. redressal framework laid down and cause undue hardships
However, many Insurers are not mentioning the same. to the policyholder.

c) Few Insurers are not even submitting statements
In view of the above, all Insurers are hereby cautioned that
prescribed under above mentioned circular to
non submission of statements prescribed under above
designated person.
mentioned circular and non-compliance of awards by
Upon calling for reasons for non-compliance from the Insurers within the timelines prescribed under Insurance
Insurers, few Insurers are submitting that they have Ombudsman rules, 2017 will be viewed very seriously.
complied with the award post timelines stipulated under
TS Naik
the above mentioned rules.
General manager,
Non-compliance of these awards within the timelines Consumer Affairs Department.

Birla Institute of Management & Technology (BIMTECH) -

(FAIR) International Seminar

Dr.Indu Bhushan, CEO, National Health Authority (Ayushman with the worsening Nat Cat”. There would be five technical
Bharat) would deliver the Keynote Address and Mrs paper presentations by eminent scholars and practitioners.
T.L.Alamelu, Member(Designated) Non-Life, IRDAI would The aim of this seminar is to discuss in detail the various
deliver the theme address of Birla Institute of Management problems and throw up solutions by keeping in mind
& Technology (BIMTECH) and Federation of Afro-Asian sustainable growth along with profitability of Afro-Asian
Insurers and Reinsurers (FAIR) International Seminar on countries.
“CAPITALIZING UPON THE EMERGING TRENDS IN AFRO-
ASIA REGION: IN QUEST OF PROFITABLE AND SUSTAINABLE The aim of this seminar also is to kindle interactive sessions
GROWTH”. The seminar takes place on 23 & 24 April, 2019 so as to ensure that every participant of the seminar goes
at Radisson Blue Hotel, Noida –NCR Delhi. Many senior back with solutions of some of the problems they face. The
professionals both from India and abroad would grace the seminar is likely to be attended by around 100 – 150
seminar as speakers. participants, across the entire Afro- Asia region. As an
Institute which values contributing to the industry by way
The seminar will have four panel discussions. The first panel of meaningful and relevant research.
discussion will be on “Making Life Insurance Protection
Available to all” It would be followed by panel discussion Almost all leading companies are sponsoring this seminar
on “Health Insurance Protection –An opportunity to expand and many well-known industry functionaries from India,
Access” The third panel discussion would discuss “Insurtech SriLanka, Bangladesh, Egypt, UK and other Afro – Asian
-Have they been up to the Challenge”. countries would be distinguished panellist for this seminar.
The Insurance Times is the Media Partner and CII is the
The fourth panel discussion would be “Reinsurance :Coping Education Partner for this seminar .

!! Hearty Congratulations !!

Thanks readers for excellent response for our Insurance Quiz published in our March 2019 issue. This month the lucky
winners of the Quiz are Raj Venkat & Soni Oraon.
Who will be the next?????
Who will be the next?????
Who will be the next?????
Who will be the next?????
Who will be the next?????
The Insurance Times, April 2019 49