Sat, Oct 28, 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.
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Thu, Mar 26, 2020
If you have missed your life insurance premium payment deadline because of coronavirus lockdown or any other reason, and are worried about the policy getting lapsed or renewal fines, don' worry and read the space
Wed, Mar 18, 2020
IRDAI has asked to provided relief to the medical insurance holders. Now a major part of the money will be claimed by the insurance companies. Watch report:
Mon, Mar 25, 2019
Insurance companies should put in place a robust system to register all the requests of individuals loss assessment, and if an individual loss assessment is rejected, a written rejection letter mentioning the reason should be sent to insured, Irdai said.
Mon, Mar 11, 2019
In IDBI Bank, LIC holds 51 per cent under a specific permission from Irdai but under the condition state-run insurance behemoth will bring the stake down.
Thu, Feb 21, 2019
IRDAI Standard Health Product Guidelines: In what may provide a big relief to Health Insurance seekers, the Insurance Regulatory and Development Authority of India (IRDAI) has issued new guidelines
Sun, Feb 17, 2019
A separate working group set up by IRDAI has already examined various aspects of InsurTech and made certain recommendations in this regard.
Sat, Feb 09, 2019
IRDAI has proposes insurance companies to take cognizance of the climate factor while calculating risk. Watch the video to know more.
Fri, Feb 08, 2019
Insurance Regulatory and Development Authority (IRDAI) may issue new rules for health insurances, say sources. Watch the video to know more.
Sun, Feb 03, 2019
At present, the permissible limit for an insurer to hold stake in any listed entity is 15 per cent. But LIC with special dispensation from Irdai holds more than the limit in some state-run banks.
Mon, Jan 21, 2019
The concept may be altogether new to the general/ health insurance industry, but it is in vogue since long in the life insurance industry, especially in respect of endowment policies, where maturity claim benefits are paid in installments to the policyholders.
Mon, Oct 01, 2018
A micro-insurance policy is a general or life insurance policy with a sum assured of Rs 50,000 or less. Agreeing to the suggestions of insurance companies, Irdai in a circular has done away with the practice of pre-fixing the word 'PoS' on life, general and health products sold through PoS.
Sat, Sep 22, 2018
Currently, the capital sum insured (CSI) under this section for motorised two-wheelers and private cars/commercial vehicles is Rs 1 lakh and Rs 2 lakh, respectively.
Sat, Aug 18, 2018
Health Insurance Policy: Insurance Regulatory and Development Authority of India ( IRDAI ) has directed all the insurance companies to make a provision to cover mental illness also in insurance policies.
Thu, Jul 26, 2018
Insurance Regulatory and Development Authority of India (IRDAI ) is looking to reduce the number of diseases that are not yet covered by current health insurance policies. For the purpose, the regulator has constituted a 10-member working group to review 'exclusions' that are prevalent in the health insurance policies and identify those that cannot be allowed.
Wed, Jul 11, 2018
Nilesh Sathe, Member (Life), IRDAI, said that LIC's plan to increase its stakes in IDBI Bank should be treated as an investment scheme rather than an acquisition plan by the insurer, adding that no timeline has been given to reduce LIC share in IDBI Bank but its board will be responsible for the same.
Mon, Jul 09, 2018
The Insurance Regulatory and Development Authority of India ( IRDAI ) has asked insurance companies not to insure a vehicle unless it has a valid pollution under control (PUC) certificate
Sun, Mar 25, 2018
Aadhaar linking deadline: In case of new insurance polices, the regulator said the policy buyer is allowed six months from the date of commencement of account based relationship to submit the Aadhaar number and PAN/Form 60 to the insurer. "In absence of Aadhaar, client shall submit any of the officially valid document as mentioned in the Prevention of Money-Laundering (Maintenance of Records) Rules, 2005," said Insurance Regulatory and Development Authority of India (Irdai).
Thu, Mar 08, 2018
Car insurance: The Irdai proposes to more than double the premium on super-bikes (exceeding 350 cc) to Rs 2,323. Also, an increase has been proposed in the case of performance category bikes (150-350 cc).
Tue, Sep 05, 2017
Rakesh Jain, Executive Director and CEO, Reliance General Insurance had said, "The listing will enable retail investors to participate in this high growth and new wealth creation opportunity."
The company is expecting approval from Securities and Exchange Board of India (Sebi) and Insurance Regulatory and Development Authority of India (IRDAI) in this week.
Tue, Aug 08, 2017
These two are considered as non-strategic investments for LIC. While LIC holds 16.29% stake in ITC, it holds 17.97% stake in L&T as of end June.
Sun, Jul 30, 2017
On the insurance regulator`s serious charge that Rs 78 crore has been siphoned off, industry officials ask what action have the IRDAI or the administrator appointed by it in June 2017 taken in that regard.
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