Finance Minister Nirmala Sitharaman has recently asked IRDAI chairman S.C. Kunthia to "act immediately" to address the complaints of denial of cashless claims by insurance companies. She also mentioned that…
In a big relief to the policyholders, IRDAI has recently directed all the hospitals to provide cashless treatment if mentioned in the contract. This clarification came in the backdrop of…
IRDAI has recently imposed a monetary penalty of Rs. 51 lakh on 4 insurers, including SBI General Insurance, for violation of norms related to motor insurance. A fine of Rs.…
Bajaj Allianz General Insurance Company Ltd. was fined Rs. 10 lakh by IRDAI for violation of the Insurance Act and its Motor Insurance Service Provider (MISP) guidelines. IRDAI, in its…
IRDAI has recently notified restrictions and regulations for insurance companies on advertising policies to safeguard consumer interests. IRDAI, via recently issued circular, said, "To ensure that the insurers, intermediaries or…
IRDAI has recently notified the extension of its sandbox regulations by another 2 years to enable the completion of the experiment of existing sandbox proposals and also to allow new…
IRDAI has recently imposed a penalty of Rs. 17 lakh on Future Generali India Insurance Co Ltd for violating norms on protection of policyholders' interests and selling policies without seeking…
IRDAI has allowed the insurers to invest in fund of funds that invest within the country, in a move that is expected to open up more capital options for India’s…
IRDAI has recently issued draft guidelines for general insurance companies to come up with trade credit insurance products with customised covers for MSMEs and SMEs. The latest guidelines will also…
IRDAI has recently came out with draft regulations for the designing and pricing of general insurance products with an objective to protect the interest of the policyholders. The proposed regulations…