Month: June 2024

1. Pursuant to the decision of the Supreme Court in the matter of WP No.295/2012 of Shri.S. Rajaseekaran vs Union of India and Ors, the Authority issued Circular Ref: IRDAUNL/CIR/MOT/137/08/2018…

1. Reference is invited to IRDAI circular Ref. No: IRDAI/HLT/REG/CIR/054/03/2020 dated 04th March, 2020, specifying guidelines on handling of claims reported under Covid-19. 2. In view of the increase in…

Covid-19 has taken our country and the entire world by surprise and has emerged as a never imagined black swan event. It has instilled a sense of fear in every…

The Authority has issued directions vide circular ref. IRDA/F&I/CIR/F&A/012/01/2010 dt. 28th January 2010 for hosting the financial and other information in specified formats on the respective websites by insurers. Similarly,…

1. Reference is drawn to the provisions of IRDAI (Health Insurance) Regulations, 2016 in accordance to which every insurer shall evolve a health insurance underwriting policy covering approach and aspects…

A. Legal Entity Identifier (LEI) code has been conceived of as a key measure to improve the quality and accuracy of financial data systems for better risk management post the…

Canara HSBC Oriental Bank of Commerce Life Insurance has launched a new Unit Linked insurance plan (Ulip) titled 'Invest 4G'. It is an individual life insurance savings plan which can…

The lnstitution of lnsurance Ombudsman plays a vital role in providing resolution in a timely and cost effective manner. lnsurers need to have a greater liaison with every lnsurance Ombudsman…

Reference is drawn to Chapter VIII of “Consolidated Guidelines on Product filing in Health Insurance Business” (Ref: IRDAI/HLT REG/CIR/194/07/2020 dated 22.07.2020) through which guidelines on migration and portability of health…

Ramla v. National Insurance Company Limited Case law analysis on the judgment passed by the Supreme Court in the case titled as "Ramla v. National Insurance Company Limited", Civil Appeal…