IRDAI has recently imposed a Rs. 1 crore penalty on Chola MS General Insurance Company stating that the insurer has violated certain provisions of the Motor Insurance Service Provider (MISP)…
In order to make available more funds for infrastructure investment, IRDA is planning to allow insurance companies to invest in debt securities issued by any pooled investment vehicles, including infrastructure…
With an objective to ensure flow of relevant information to policyholders, IRDAI has recently specified certain norms to be followed by the insurers. Health insurance policyholders will now be able…
Working Group on Cyber Security formed by IRDAI, has proposed detailed recommendations. "Insurers may place this matter (silent cyber issue) high on the agenda and address this problem sooner than…
IRDAI has advised all life insurers to mandatorily offer from April 1 a standard, individual immediate annuity product it has developed. The single premium, non-linked, non-participating plan, to be called…
IRDAI chairman said that a group has been formed to come up with guidelines for a floating rate annuity product. Subhash Khuntia, Chairman, IRDAI made this announcement while speaking during…
IRDAI has decided to introduce a standard home insurance policy that will cover the risks associated with natural calamities like cyclone, flood, earthquake and also fire. The regulator also announced…
IRDAI has advised general and health insurers to have agreements with health providers on rates for treatment of Covid-19 on the lines of other diseases. In a circular, the regulator…
IRDAI has proposed to extend the validity of regulatory sandbox guidelines by two years as the proposals received under it require more time for completion. To give a fillip to…
IRDAI may not bring a blanket ban or prohibition on the sale of credit-linked health insurance products. Instead, IRDAI may consider tweaking the mechanism in which credit-linked health insurance products…