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IRDAI
LIC keen to re-enter mediclaim segment, awaiting regulatory clarity, says Chairman M R Kumar
Sun, Aug 14, 2022
Mediclaim policies, which are indemnity-based health plans, are the best-selling health insurance products in the country. However, in 2016, the Insurance Regulatory and Development Authority of India (Irdai) had asked life insurers to withdraw indemnity-based health plans from the market. Life insurers since then have been allowed to offer only fixed benefit health plans.
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General insurance sector logs 21% premium growth in July: IRDAI
Fri, Aug 12, 2022
All the four public sector companies have logged good premium growth last month -- The National Insurance Company Ltd (31.88 per cent), The New India Assurance Company Ltd (9.2 per cent), Oriental Insurance Company Ltd (52.44 per cent) and United India Insurance Company Ltd (27.82 per cent).
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IRDAI to rename grievance redressal mechanism; complaints can be filed in regional languages soon
Sun, Aug 07, 2022
Insurance regulator Irdai will soon launch a revamped grievance redressal mechanism to make complaint redressal more efficient with the option of customers filing their complaints in regional languages
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IRDAI issues draft notification on rules limiting expenses of life insurance companies – details
Fri, Aug 05, 2022
The insurance regulator IRDAI has asked the life insurance companies to reduce their expenses and pass on the benefits to the customers. It has also made provisions to stop allowances of the top management of the companies in the event of a violation of the IRDAI rules mandating the limit of expenditure.
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Insurance policy premiums to be reduced? IRDAI wants insurers to do THIS to pass on benefits to policyholders
Wed, Aug 03, 2022
The Insurance Regulatory and Development Authority of India (IRDAI) has also proposed curbing of variable pay of the CEO/MD, Whole Time Directors and key management persons, if there is a deviation of over 10 percent of actual expenses over projected one and additional solvency is not maintained as stipulated.
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Digital transformation! IRDAI mulls allowing policyholders to keep insurance policies in demat form, link with bank account | Exclusive
Tue, Aug 02, 2022
Dematerialisation simply means converting your physical policy document into a modifiable online object. It means that a person will no longer need to indulge in paperwork at time of renewing the policy.
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Zee Biz Exclusive: Big Decisions In The Board Meeting Of IRDAI; Watch Details Here
Thu, Jul 28, 2022
Easy rules for raising capital for insurance companies. Approval is not necessary for alternative methods for raising capital. Banks will be able to sell products of more than 3 companies. Know full news from Anurag Shah.
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Experts term IRDAI’s new circular on cashless treatment excellent; see it as win-win decision for insurers and policyholders
Sat, Jul 23, 2022
This move also gives responsibility to insurer(s) to standardize and benchmark the empanelment criterion in a hyper-competitive mediclaim market where the focus on the quality of providers will be further enhanced, expert said.
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IRDAI extends 'Use and File' for insurance products for agriculture and allied activities
Thu, Jul 14, 2022
Indian insurance regulator has extended the ambit of 'Use and File' procedure to products covering agriculture and allied activities, a press release issued by the Insurance Regulatory and Development Authority of India (IRDAI) said on Thursday
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Aapki Khaba Aapka Fayda: Auto Insurance Rules to Change: Pay Premiums as 'You Drive, How you Drive' | How it Works
Thu, Jul 07, 2022
Insurance regulator IRDAI has made a relief announcement for the common people. IRDAI has issued new rules for motor insurance and according to these new rules, now the drivers will get relief in vehicle premium. But this relief will depend on the way you drive. If you will drive well and safely then you will have to pay less premium and if you drive poorly then you will have to pay more premium. Watch this special report of Aapki Khaba Aapka Fayda.
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Big Target Sets For General & Life Insurance Companies By IRDAI
Mon, Jul 04, 2022
Big target for insurance companies. Rs 11 lakh crore premium target for general insurance. Target to increase business by more than 5 times by 2027. Regulator IRDAI targets general insurance companies. Know full news from Anurag Shah.
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Irdai reduces solvency margin requirement for crop biz; to unlock Rs 1,400 crore funds
Tue, Jun 14, 2022
Regulator Irdai on Tuesday reduced the solvency margin requirement for general insurers providing crop insurance, a decision expected to unlock Rs 1,400 crore of funds for them to undertake more business.
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IRDAI Allows Insurance Companies To Introduce Products Without Prior Approval
Thu, Jun 02, 2022
Insurance regulator IRDAI on Wednesday allowed insurers to launch health and other general insurance without prior approval. IRDAI said in the statement that the 'use and file' process has been implemented for all health insurance products and most general insurance products. Watch this special report.
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