IRDAI has formed a steering committee, which will act as the apex decision making body for creation of its ambitious Bima Sugam platform, and it indicated that it will soon…
IRDAI has chosen to lower the minimum capital requirement for Foreign Reinsurance Business (FRBs) to Rs 50 crore from Rs 100 crore. This amendment is among other revisions in the…
IRDAI introduced new measures allowing more choices and benefits for policyholders with withdrawn life insurance products. Effective immediately, the new rules apply to products which are no longer available for…
There is a need to design special insurance products for disabled citizens to bring India at par with developed countries and global insurance module standards, as well as creating mechanisms…
To boost insurance coverage in the rural areas, the IRDAI is working on a women-led localized distribution force called Bima Vahak. The aim is to engage women in raising awareness…
IRDAI has set up an inter-disciplinary standing committee on cyber security. The committee is expected to regularly review the threats inherent in the existing or emerging technologies and suggest appropriate…
The finance ministry has invited applications for the post of Whole Time Member (Distribution) at insurance regulator IRDAI. The applicant should preferably have at least 25 years of experience in…
Non-life insurance companies’ premium fell 3.7 per cent on-year in August, after rising for 10 straight months, led by a substantial fall in crop insurance premiums. In the year-ago period,…
Kshema General Insurance is looking to double its premium income from insuring farm activities.The company aims to double the premium collections to 1,000 crore by end of this financial year,…
For the first time, PSU General Insurers account for less than a third of the industry premium at 32.5 per cent, as larger private non-life insurers have consolidated their…