IRDAI has stiffened the anti-money laundering rules as part of consolidation of the guidelines for the sector. The rules issued to consolidate and update guidelines on anti-money laundering replaces the…
IRDAI has allowed insurers to buy more perpetual bonds issued by banks and permitted them to participate in the public listing of highyielding InvITs (Investment Trusts), enhancing the capital sources…
In a bid to promote ease of doing business, insurance regulator IRDAI has decided to do away with the prior approval requirement for raising capital through preference shares and subordinate…
IRDAI provided insurers with more flexibility in paying commission by linking limits to the overall portfolio and company management expenses, according to a report. The utmost commission sanctioned for non-life…
IRDAI has invited entities to develop technology-driven innovative solutions for automated death claim settlement, curtail miss-selling, and other areas of the insurance ecosystem, with an aim to protect the interest…
In a first-of-its-kind advisory, the IRDAI has proposed premium growth targets over a five-year period for life insurance companies, in a bid to double insurance penetration in the country. In…
An IRDAI-appointed committee's proposal to make it mandatory to disclose insurance commissions charged on policies has rekindled an old debate, forcing the regulator to clarify that no decision has been…
The Insurance regulator has proposed the involvement of insurance companies at the state level and a big hike in the premium collection target in the next five years to deepen…
India’s insurance regulator has advised insurers against loading up on the bonds of HDFC Group companies, saying details on permitted exposure thresholds must await the effective amalgamation date for what’s…
The Finance Ministry has asked Central Public Sector Enterprises (CPSEs) and government departments to relax the requirement of minimum solvency ratio of 1.5 of the liabilities as one of the…