Month: April 2024

In this edition we are happy to cover Interview of Mr Mohammad Jainul Bari, Chairman, IDRA, Bangladesh and Mr HareezSulaiman, CEO & MD, Amana Takaful, Maldives. We have started a…

16.07.2023 Floods (July 2023) in various States of North India are expected to cause widespread loss to property (homes and businesses) and infrastructure. General Insurers and Standalone Health Insurance Companies…

30.06.2023 Background: The Authority issued the following guidelines on Remuneration of Non-Executive Directors and Managing Director / Chief Executive Officer / Whole-time Directors of Insurers vide Circular Ref: IRDA/F&A/GDULSTD/155/0812016 on…

The Kerala High Court recently held that while computing compensation in motor accident cases, the multiplier method proposed by the Supreme Court in SarlaVerma v. Delhi Transport Corporation remains applicable…

In a significant ruling, the Competition Commission of India (CCI) has refused to interfere in  IRDAI's regulatory functions, disposing off an information case alleging anti competitive arrangement between insurance regulator…

Term insurance plan is a must-have for everybody, it provides protection to the family against the loss of income due to the demise of the earning member. However, we do…

IndiaFirst Life Insurance Company Limited (IndiaFirst Life), unveiled a new product -- IndiaFirst Life Guarantee of Life Dreams (G.O.L.D.) plan. The non-linked, non-participating, individual life insurance plan is designed to…

In an ever-evolving global landscape, the role of insurance has become indispensable for individuals and businesses alike. As the backbone of financial security, the insurance industry plays a pivotal role…

The much-awaited major reforms in the insurance sector might face further delays, as sources suggest that the pathbreaking Insurance Bill 2023 is unlikely to be passed in the ongoing monsoon…

13.06.2023 Reference is drawn to para 3.5 ‘Notification to Regulatory Authorities’ under policy no. 2.10 ‘Incident and Problem Management’ in IRDAI Information and Cyber Security Guidelines, 2023 dated 24th Apr,…