IRDAI unveils new draft on expenses
The Insurance Regulatory and Development Authority of India (IRDAI) has announced a revised exposure draft on the expenses of management (EoM) for the non-life insurance companies and proposed the removal…
Go Digit: IRDAI no to Fairfax proposal for CCPS conversion
Upsetting the plan of Fairfax, owned by Indian origin Canadian billionaire Prem Watsa, to increase its stake in Indian insurance joint venture Go Digit General Insurance, insurance regulator IRDAI has…
IRDAI proposes changes to reinsurance rules
The insurance regulator has released an exposure draft seeking amendments to reinsurance regulations. In the draft, the Insurance Regulatory and Development Authority of India (Irdai) has sought to revise the…
IRDAI sets up health insurance consultative committee
India's insurance regulator has set up a 15-member committee for two years, asking it to give suggestions for increasing health insurance coverage in the country. The 15-member committee is headed…
IRDAI panel to advise on universal health plan
The Insurance Regulatory & Development Authority Of India (Irdai) has constituted a high-level committee to draw a road map for universal health insurance coverage. The panel, which includes a representative…
Provide mental illness cover under health insurance products before Oct 31: IRDAI
The Insurance Regulatory and Development Authority (IRDAI) has directed insurance companies to provide cover for mental illness under health insurance policies before October 31, 2022. The Mental Health Act, 2017…
IRDAI seeks easing of entry capital
The Insurance Regulatory and Development Authority of India (IRDAI) has suggested the government to ease the minimum capital requirement of Rs 100 crore and permit the regulator to fix the…
IRDAI proposes allowing insurers to invest in unlisted firms
India's insurance regulator has proposed to the government that insurers be allowed to buy over 10% of unlisted firms without approval, regulatory and industry sources said, a move that could…
IRDAI mulls longer-tenure general insurance products
IRDAI is said to be exploring general insurance products with longer tenures and has written to the general insurance companies in this regard and formed a working group as well…
IRDAI doesn’t renew licence of Rothshield TPA
IRDAI has not renewed the licence of Mumbai-based Rothshield Insurance TPA for not complying with minimum business requirements by the regulator.In an order, IRDAI directed Rothshield TPA to remove the…