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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…

In a significant move, IRDAI has given insurers more freedom to offer commission to intermediaries. Insurers can now have a board-approved policy to determine the commission they pay to intermediaries…

IRDAI has directed general and standalone health insurers to offer specific health cover for persons with disabilities (PWD) as well as those with HIV/AIDS and mental illness. IRDAI has advised…

The Insurance Times journal has entered into 43rd year of publication and in the year 2023 we have too embarked upon a journey to reach out to the Industry people…

We wish all our readers a very Happy New Year 2023! We hope the New Year will lot of opportunities for the Insurance Industry in India. Already since the third…

IRDAI has finally launched ‘BimaSugam’, the online marketplace for insurance called. It is a part of IRDAI’s Bima Trinity - BimaVistaar, BimaVahak, and BimaSugam. BimaSugam the most coveted project of…

As we enter into the year 2024, optimism mingles with the need for prudent action in the Indian Insurance Industry. There has been lot of initiatives for the new wave…

Based on the Regulation Review Committee's (RRC) recommendations, IRDAI released a consolidated EoM regulation, including commissions. IRDAI released an exposure draft on the EoM in November 2023, including commission for…

IRDAI offlate has been taking number of steps to increase the penetration in the insurance sector in india to achieve its goal of insurance for all by 2047.  These reforms…