August 2020

1. This has reference to the Authority’s Circular No. IRDA/NL/CIR/MISC/104/ 07/2018 dated 06th July, 2018 advising all general insurance companies to comply with the direction issued by Hon’ble Supreme Court…

 1. Keeping in view synergies involved and the need for collaboration between various stakeholders for effective loss prevention and minimization in the general insurance industry, the Authority had set up…

Pursuant to the full Council election of IIISLA and declaration of results on 20th July,2019, a meeting of the Board of Directors of IIISLA was held on 29th July,2019 at…

1. Reference is drawn to Clause 3 of Section A of Guidelines on Covid Standard Health Policy (Ref: IRDAI/HLT/REG/CIR/163/06/2020 dated 26th June, 2020) vide which all the general and health…

1. Reference is drawn to Clause 8 of Section 3 of “Master Circular on Standardization of Health Insurance Products” (Ref: IRDAI/HLT/REG/CIR/193/07/2020 dated 22.07.2020) vide which all the general and health…

The provisions relating to transfer of shares of insurance companies are governed by section 6A of the Insurance Act, 1938 read with IRDAI (Transfer of Equity Shares of Insurance Companies)…

The concept of life insurance is simple. The policyholder pays a premium each year and when he dies, the family receives the claim amount. But, what if the policyholder is…

Most health insurance policies in the market offer built-in backup plans for policyholders in the form of ‘restoration’ benefits. In this feature, the insurer fully reinstates the original sum insured…

With a huge population of 130 billion, India is fighting tooth and nail with the Corona 19 pandemic but the same is spreading like wildfire beyond control of the human…

Abstract; Recently, Insurance Business Regulatory Board (IBRB), body under Ministry of Planning, Finance & Industry, the Republic of Union of Myanmar has issued ‘Reinsurance Directive’ which will be effective from…