Sun, Nov 26, 2023
As many as 31 insurers from the non-life industry had underwritten gross direct premiums of Rs 1.43 lakh crore in the first half of the current financial year, according to data on segment-wise gross direct premiums up to September 2023 released by Insurance Regulatory and Development Authority of India (Irdai). Private insurers registered an annual increase of 14.86 per cent in gross direct premiums.
Mon, Oct 30, 2023
According to insurance regulator IRDAI, simple language will enable the consumer to understand and follow the policy documents thoroughly.
Fri, Oct 27, 2023
Cover Story: The language of insurance will soon be simplified, IRDAI formed a committee, watch the formation of a committee to simplify the language of the policy in this special discussion of India 360.
Fri, Aug 25, 2023
The National Human Rights Commission (NHRC) has urged the insurance regulator Idrai to make insurance companies follow the spirit of the law of the land to ensure that the disabled get hassle-free health insurance by designing special products for them.
Fri, Aug 04, 2023
Whenever policyholders face any issue, most of them just take to social media to vent their anger and raise their issues through Twitter, Facebook, etc. However, there are better ways that insurance-holders can take to address their concerns in case the insurer falters.
Tue, Jun 13, 2023
The Securities Appellate Tribunal (SAT) on Wednesday said there was "no tearing hurry" for the Insurance Regulatory and Development Authority of India (IRDAI) to order the transfer of life insurance business of Sahara India Life Insurance Company Ltd to SBI Life Insurance Company Ltd.
Tue, Jun 06, 2023
Regulator Irdai has asked insurers to proactively process claims of kins of the deceased or persons injured in the train accident in Balasore, Odisha.
Tue, May 09, 2023
In a recent order, the Insurance Regulatory and Development Authority of India (Irdai) has asked all life insurers to stop the acceptance of credit cards as a mode of re-payment of loans granted against insurance policies with immediate effect.
Sun, May 07, 2023
Regulator Irdai is proposing to tighten norms for insurance advertisements by assigning higher responsibility on senior management of insurers in designing and approving media campaigns for product promotion.
Wed, Apr 12, 2023
Insurance regulator Irdai has given licence to a General insurer for the first time since 2017, close on the heels of allowing two more applicants in the Life space and is looking at around 20 more applications, its Chairman Debasish Panda said on Wednesday.
Tue, Mar 28, 2023
The commission fixed by the board of an insurer must be within the allowable expenses of management (EoM) limit.
India's insurance regulator has approved new rules that say both life and non-life insurers, such as general and standalone health insurers, must pay commissions to intermediaries. The regulation, dated March 26, stated that the commission must be decided by the board of the insurer and must be within the allowable expenses of management limit.
Sat, Mar 11, 2023
Last year in October, Irdai instructed insurance companies to make sure that all health insurance policies cover mental disorders, and insurers were required to put the new regulation into effect by October 31, 2022.
Wed, Feb 01, 2023
IFSCA was established in April last year under the International Financial Services Centres Authority Act, 2019. It is headquartered at GIFT City, Gandhinagar.
Fri, Jan 20, 2023
It can be noted that the insurance sector is a very competitive industry, with nearly two dozen life insurance companies and over 30 non-life ones. The overall penetration for insurance is 4.2 per cent as of FY21-end.
Mon, Nov 28, 2022
Why Insurance shares are in focus? Which IRDAI's decision will effect the share's price? Know full details from Nupur.
Thu, Nov 24, 2022
Why there is strong action in PB Fintech today? Which decision of IRDAI will benefit? Why brokerage turned positive on PB Fintech? Know the complete details from Nupur.
As per the draft, there may be an additional allowable expense of up to 15 per cent incremental premium over the previous year towards rural sector business and government schemes.
Sun, Nov 06, 2022
Doing away with the minimum capital requirement of Rs 100 crore would allow entry of small, specialised and niche players, which would help in increased insurance penetration and density in the country.
Sat, Oct 15, 2022
In January this year, HDFC Life acquired 100 per cent stake in Exide Life Insurance Company from its parent firm Exide Industries for Rs 6,687 crore in order to increase its presence in the south India market.
Fri, Oct 14, 2022
IRDAI imposed penalty on Max life of Rs 1 crore due to rules violation in the Axis Bank-Max Life Insurance Deal. Watch details in this video.
With the transfer of its life insurance business to HDFC Life, Exide Industries acquired 4.12 per cent stake in HDFC Life.
Fri, Sep 23, 2022
Non-life insurers registered a 12 per cent yearly growth in their gross direct premium income during August this fiscal at Rs 24,471.95 crore, data from insurance sector regulator Irdai showed.
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