IRDA in India

Reference is invited to the provisions of Chapter III of Consolidated Guidelines on Product filing in Health Insurance Business (Ref No: IRDAI/HLT/REG/CIR/194/07/2020 dated 22nd July, 2020 (the guidelines) specifying the…

1. Attention is drawn to the provisions of Regulation 12 of IRDAI (Protection of Policyholders’ interests) Regulations, 2017 specifying therein minimum information to be provided as part of health insurance…

1. This has reference to guidelines issued by the Authority on Point of Sales Person (POS) vide its Circular Nos. IRDA/Int/GDL/ORD/183/10/2015  dt. 26.10.2016, IRDA/LIFE/GDL/GLD/222/11/2016 dt. 07.11.2016 No. IRDAI/INT/CIR/PSP/130/06/2017  dt. 05.06.2017…

1. Attention is drawn to the Circular ref: “Reference rates for COVID-19 treatment” dated 20th June 2020 issued by General Insurance Council (GIC). 2. In case of “Cashless Claims” under…

1. Health Insurance in India has grown significantly in recent years and is expected to continue in the coming years. Insurance Industry is offering various products/services to cater to the…

1. The process of bringing the Fire and Allied Perils Insurance business out of the ambit of the All India Fire Tariff, 2001 which began in 2006-07 and 2007-08 with…

1. Applicability: This notification shall be applicable to Indian Re-insurers and other applicable insurers as per the provisions of Section 101A of the Insurance Act, 1938. 2. Percentage of Cession:…

1. Preliminary Currently, the coverage for Dwellings against Fire and Allied perils for Material Damage is as per the Standard Fire and Special Perils (SFSP) policy provided for in the…

1. This has reference to Notification of IRDAI (Insurance Surveyors and Loss Assessors) (Amendment) Regulations, 2020 whereby a. Vide Regulation 21(3) insurer are required to file with the Authority report…

1. The Authority has notified IRDAI (Minimum Information Required for Investigation and Inspection) Regulations 2020 in the official gazette on 23rd November 2020. These regulations will come into force after…