Cyber security in the financial sector has gained importance, more so with the advent of technological innovations. In this connection, IRDAI has planned to come out with a comprehensive Information…
The Authority issued Guidelines on Claim Processing for Group Life Insurance Policies under Lender Borrower Schemes vide cir ref: IRDA/Life/Cir/GDL/285/12/2014 dated 29/12/2014 which provided that insurers may settle the outstanding…
To all the CEOs of Life Insurance Companies 1. Change in current File and Use procedure The products offered by Life Insurers need to keep pace with changing requirements of…
Reference is drawn to IRDA circular no. IRDA/BRK/ MISC/CIR/ 208/09/ 2014 dated 3rd September, 2014 outlining the approach on the un-reconciled, unsettled outstanding reinsurance balances as on 31st March, 2014…
The Authority under Section 14 (2) (k) of IRDA Act, 1999, issues the following amendment to Master Circular - Investments, 2016, which shall be effective from the date of issue…
A recent survey by Marsh India Insurance Brokers found the percentage of companies offering life insurance coverage as part of employee benefits had increased from 60 per cent in 2010…
In exercise of the powers conferred by section 14(2) read with clause (gb) of sub-section 2 of section 114A of the Insurance Act, 1938, and sub-section (1) of section 26…
At present, the life insurers are filing advertisements of both Life and Health related products with the Life Department of the Authority on the BAP portal. In order to facilitate…
Reference is invited to Clause (a) of Chapter IV (Standards and benchmarks for hospitals in the provider network) of circular no. IRDA/HLT/REG/CIR/146/07/2016 dated 29.07.2016 specifying norms for registration of Network…
As per the roadmap laid down by the Ministry of Corporate Affairs for the insurance sector for implementation of Ind AS, in their press release dated 18th January 2016, insurers/insurance…