IRDAI in favour of insurers in SLBC
The Insurance regulator has proposed the involvement of insurance companies at the state level and a big hike in the premium collection target in the next five years to deepen…
Wellness Benefits in Health Insurance by IFFCO Tokio General Insurance
Taking care of your health by regularly exercising, consuming balanced diet and maintaining a healthy lifestyle is the basic mantra for one’s wellness. What if you are rewarded for maintaining…
IRDAI cautions insurers against loading up on bonds of HDFC Cos
India’s insurance regulator has advised insurers against loading up on the bonds of HDFC Group companies, saying details on permitted exposure thresholds must await the effective amalgamation date for what’s…
Finance Ministry asks CPSEs to ease PSU insurers’ solvency criteria
The Finance Ministry has asked Central Public Sector Enterprises (CPSEs) and government departments to relax the requirement of minimum solvency ratio of 1.5 of the liabilities as one of the…
IRDAI gives indicative premium growth targets to non-life insurance companies
The IRDAI has prescribed aspirational targets for non-life insurance industry, days after doing the same for life insurance companies. The aim is to increase the general insurance penetration to 2.52…
IRDAI allows insurers to empanel hospitals for cashless treatment
The IRDAI has given flexibility to insurers to empanel network providers in health cover. In a circular sent to insurance firms and third-party administrators, the insurance regulator said: “The insurers…
IRDAI permits ‘use & file’ for agriculture products
IRDAIhas allowed general insurers to launch products for the agriculture and allied activities without its prior approval. Last month, IRDAI had permitted insurers to launch health and most of the…
IRDAI asks insurers to adopt states to boost reach
IRDAI has asked Insurance companies to take a leaf from the banking industry’s strategy for inclusion by companies adopting individual states as lead insurers. IRDAI has also set goals in…
Cyber Risks are Lurking Around Every Corner of the Digital World: Raghnall Launches ‘Individual Cyber Insurance’ to Keep your Fears at Bay
Navigating the digital world reveals all the infinite possibilities that the powers of the Internet can accomplish for us. From searching for information online, browsing on social media, sending chats/emails…
IRDAI may extend testing period to 3 years under regulatory sandbox
IRDAI is mulling to extend testing of products under the regulatory sandbox mechanism to up to three years. The IRDAI Chairman said all these initiatives will help in furthering the…