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IRDAI tells network hospitals to provide cashless treatments to Covid 19 patients; check complaint link
Fri, Apr 23, 2021
The Insurance Regulatory and Development Authority of India (IRDAI) has directed network hospitals to provide cashless treatment to insurers. The development comes after many Covid 19 patients complained that these hospitals were not providing cashless treatment.
Irdai imposes Rs 51 lakh penalty on 4 insurers
Sun, Apr 18, 2021
Regulator Irdai has imposed a penalty of Rs 51 lakh on four insurers, including SBI General Insurance Company, for violation of certain norms related to motor insurance. A penalty of Rs 25 lakh has been imposed on SBI General Insurance Company for not fulfilling regulatory obligations under the Motor Third Party (MTP) business
Insurance alert! Important update on pricing - Check latest news from IRDAI
Tue, Apr 06, 2021
The regulations, if approved, will apply to all general insurance products and add-ons marketed or offered by general insurers.
BIG! Will your health plan cover hospitalisation on adverse reaction from Covid 19 vaccination? IRDAI says this
Fri, Mar 19, 2021
Do you know if your health insurance policy will cover any adverse reaction due to Covid-19 reaction leading to hospitalisation? If you are worrying about this issue, then you must know this important clarification issued by the Insurance Regulatory and Development Authority of India (IRDAI)
IRDAI panel for separate payments of vehicle, insurance premium
Mon, Jan 25, 2021
Buyer of a new vehicle may have to pay cost of vehicle and insurance premium through separate cheques, if the recommendations of a committee to review MISP guidelines are accepted by the insurance regulator Irdai
Professional Indemnity Policy - This is what IRDAI panel suggests on standardisation to protect individual, entities
Wed, Jan 20, 2021
An IRDAI panel has suggested standardisation of the professional indemnity policy under which insurance cover can be provided to brokers, corporate agents, web aggregators and insurance marketing firms.
Pay through your nose for Traffic Violations! Your auto insurance premium set to be hiked I All details explained
Tue, Jan 19, 2021
Get ready to pay higher premium for traffic rules violations! The insurance regulator IRDAI has prepared a formula for to be slapped on those violating rules and fixing insurance premium in its final report. First region to come under this scheme is Delhi NCR, but before you start rejoicing too much, know that new rules will apply soon enough across the country.
COVID-19: Irdai tells insurers to have agreement with health providers on treatment rates
Thu, Jan 14, 2021
Regulator Irdai on Wednesday advised general and health insurers to have agreements with health providers on rates for treatment of COVID-19 on the lines of other diseases
IRDAI eyes maximum insurance cashless claim settlement in big boost for policy-holders
Mon, Dec 21, 2020
Insurance regulator, Insurance Regulatory Development Authority of India (IRDAI), has asked companies to give more emphasis to cashless insurance claims settlement.
IRDAI proposes standard personal accident product from Apr 1
Thu, Dec 10, 2020
Insurance regulator IRDAI on Wednesday proposed a standard personal accident product with common coverage and policy wordings across the industry, a move aimed at increasing penetration of the product
IRDAI writes to RBI regarding AT-1 Bonds, bonds hold the capital of companies' customers
Tue, Dec 01, 2020
IRDAI has written a letter to the RBI to save the insurance holders money from drowning. In this letter, it has been said that Yes Bank's AT-1 bond money should be returned to the investors.
IRDAI's big decision on insurance claims | How to stop money loss
Thu, Nov 19, 2020
If you have taken any insurance and its payment is due, and you have not claimed it for 10 years, then the money will go to the government account. Know what is the whole news in this report..
IRDAI issues draft notification of standard health policy for dengue, malaria and other vector-borne diseases
Tue, Nov 17, 2020
IRDAI Standard Health Policy for vector-borne diseases: Malaria, Dengue and other vector-borne diseases claim thousands of lives every year in India.
Insurance alert! Soon you be able buy policies for dengue, malaria and chikungunya too - Check latest development from IRDAI
Sun, Nov 15, 2020
The insurance policy will cover treatment of dengue fever, malaria, filaria (Lymphatic Filariasis), kala-azar , chikungunya, Japanese Encephalitis and Zika Virus.
Thermal power plants not responsible for worsening air quality in Delhi-NCR: NTPC
Mon, Nov 09, 2020
The coal-fired units of Dadri (NTPC plant) are closed since October, but the ambient air quality and AQI of NCR have been deteriorating day-by-day, NTPC said
IRDAI issues exposure draft on compensating shareholder on merger of insurers
Sun, Nov 08, 2020
Regulator IRDAI has come out with draft regulations for determination of compensation to shareholders on merger of insurance companies, under which payment will be based on the residual value of assets
IRDAI asks life insurers for expeditious settlement of claims in flood-hit areas
Thu, Nov 05, 2020
IRDAI on Wednesday asked life insurance companies to take immediate action for expeditious settlement of claims in flood-affected areas of Andhra Pradesh, Telangana, Maharashtra and Karnataka
Protecting consumers! IRDAI proposes these changes in insurance advertisement - All you need to know
Sun, Oct 25, 2020
The regulator has proposed to prohibit insurers from issuing advertisements that make claims which are beyond reasonable expectations of performance.
IRDAI asks life insurers to launch 'Saral Jeevan Bima' scheme by Jan 1
Thu, Oct 15, 2020
Regulator IRDAI on Thursday asked life insurance companies to launch a standard term insurance policy 'Saral Jeevan Bima' by January 1, 2021 to help customers take informed decisions.
How IRDAI’s new rules benefit health insurance policyholders
Wed, Oct 14, 2020
In a bid to make the settlement of health insurance claims a hassle-free process, the Insurance Regulatory and Development Authority of India (IRDAI) has introduced a slew of major structural changes.