IRDAI said insurance intermediaries, including entities sponsored by them, can maintain current accounts in appropriate number of banks for the purpose of meeting regulatory requirements and reinsurance business. In August…
Insurance regulator IRDAI wants hospitals to be regulated and is not averse to even doing it by itself if allowed by law, a top official said. "We wish that there…
An over three month delay by the centre to appoint the new IRDAI chairman following the retirement of former chairman Subhash Khuntia on May 6, is impeding regulatory progress and…
Concerned over pricing pressures in life and non-life products in the wake of Covid, the Insurance Regulatory and Development Authority of India (IRDAI) has questioned global reinsurers on rate hikes…
InsuranceDekho, an insurtech startup, plans to do a Series A capital raise of $ 40-50 million, Ankit Agrawal, CEO and Co-Founder has said. "We will hit the market soon. This…
E-commerce major Flipkart announced the launch of insurance cover for accidental and stain damage on select furniture products sold on the platform. The items covered will include office chairs, office…
Bajaj Allianz General Insurance announced its association with TropoGo, a deep-tech start-up, for the distribution of a one-of-its-kind Drone Insurance product in the country. The drone insurance product will cover…
Shriram group has announced a consolidation exercise that will create India's largest retail financing NBFC. The Chennai-headquartered group said that the boards of its group companies have cleared a restructuring…
The risk of cyber frauds is one of the major challenges to rolling out a central bank digital currency, requiring systems that thwart such malafide attempts, Reserve Bank of India…
Crop insurance companies and the Maharashtra government are once again at loggerheads as the State Agriculture Minister Dada Bhuse has ordered the companies to make quick decisions on insurance claims…