Mon, Apr 22, 2024
People above 65+ years of age will also get insurance, IRDAI has abolished the age limit for insurance. 'Insurance companies should give plans for every age... Insurance companies should issue insurance offers for the elderly' - IRDAI... Know the complete news from Ekta Suri.
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Sun, Apr 21, 2024
As per the earlier guidelines, individuals were allowed to purchase a new insurance policy only till the age of 65.
Tue, Mar 26, 2024
Scores of insurers in India are likely to get relief after IRDAI changes its rules on the surrender value of insurance policies. Under the revised rules, the surrender value will be decided by the policy surrender period. That means, the longer the policy surrender period, the higher the surrender value. For the single-premium policy, if the policy is surrendered in the third year, the insurer will get 75 per cent of the total premium paid; if the policy is surrendered in the fourth year, the insurer will get 90 per cent of the total premium paid.
Sat, Nov 12, 2016
The insurance regulatory body expressed its reservations on the merger of Max India and HDFC Life.
Thu, Sep 22, 2016
Regulator IRDAI has imposed a penalty of Rs 10 lakh on SBI Life Insurance Company for violations of various norms, including guidelines on accepting business from a corporate agent after the expiry of licence.
Sat, Sep 17, 2016
Up to six new players in the reinsurance market are likely to enter India by January 2017, the Insurance Regulatory and Development Authority of India (IRDAI) chief TS Vijayan, said at an Assocham event.
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