A high-level panel has been established by regulator IRDAI to recommend ways to encourage banks to participate in making insurance products easily accessible throughout the nation. The contribution of the…
Since policyholders have other options for resolving their grievances, the Insurance Regulatory and Development Authority of India (IRDAI) excluded the retail segment of the general insurance market from the arbitration…
A committee was established by regulator IRDAI to streamline insurance policy wording and assist consumers in making educated decisions before to purchasing coverage. Within eight to ten weeks, the eight-member…
A high-level panel has been established by regulator IRDAI to recommend ways to encourage banks to participate in making insurance products easily accessible throughout the nation. The contribution of the…
According to the insurance regulator, the rules for the women-focused insurance distribution channel, Bima Vahak, would be enforced with the introduction of Bima Vistaar. The last details of a comprehensive…
Based on the advice of the Regulation Review Committee (RRC), IRDAI has produced an exposure draft on the Expenses of Management (EoM) that includes a commission for both life and…
IRDAI has granted BimaKavach a license to engage in direct insurance broking, allowing the company to aggressively promote its tailored portfolio of insurance products to companies throughout India. The company…
Following a barrage of claims brought on by October's glacial lake outburst and record flooding in Sikkim and sub-Himalayan West Bengal, Indian insurers are hiking premiums by up to 25%…
The monthly premiums of non-life insurance companies increased by 13.65% in October of this year to Rs 23,814.64 crore, up from Rs 20,954.89 crore in the same time last year,…
The government-run National Highways Authority of India (NHAI) said that it has approved an insurance surety bond for the first time in order to proceed with the monetisation plan of…