Insurance regulator made a strong case for reducing expenses to make health insurance affordable for everyone. Addressing the 'Health Insurance Summit 2022' here, IRDAI chairman Debasish Panda said that high…
IRDAI has done away with the need to submit a separate proposal form for taking an annuity product from proceeds of National Pension Scheme (NPS). Currently, retirees submit an exit…
In order to further cut compliance burden for insurance companies, regulator IRDAI rationalised health insurance business returns reporting norm by reducing the number of returns that need to be filed…
IRDAI has mandated dematerialisation of new insurance policies by this year-end. It has urged all insurance companies to dematerialise their existing or old policies by December-end, industry experts have said.…
IRDAI proposal to put a lower cap of 20% on commissions and remunerations paid to agents and intermediaries under both life and non-life products could lead to faster growth of…
The finance ministry is contemplating changes in insurance laws, including reduction in minimum capital requirement, with a view to increasing the insurance penetration in the country. Insurance penetration in India…
The government is considering creating a Serious Fraud Investigation Office (SFIO)-like independent agency for the insurance sector to probe cases of fraud. For the purpose, work is in progress to…
IRDAI may soon come up with a new norm with respect to changing an insurance agent. In order to enhance customer experience, and make services better and more convenient for…
IRDAI has backed its growth push by flagging off reforms in the areas of investment, distribution and management expenses for insurers. The reforms envisage easing limits on investing in the…
In a bid to enhance the scope for offering cashless facility in health covers across the country, IRDAI has now allowed the insurers to empanel the hospitals that meet the…