After bringing out specialised insurance cover for the Covid-19 pandemic, the Insurance Regulatory and Development Authority of India (Irdai) is planning to come out with standardised insurance schemes for dwelling…
IRDAI , has allowed life insurers to obtain the customer's consent without requiring wet signature on the hard copy of the proposal form. They can send the completed proposal form…
IRDAI, has clarified that a motor insurance company cannot deny any claim for not holding a valid PUC or Pollution Under Control certificate. PUC certificate is provided to vehicles that…
An insurance company can take action against a hospital for demanding advance from a policy holder who is supposed to get cashless service, an official of insurance regulator IRDA said.…
According to IRDAI sale, purchase and pledge of equity in excess of 5 per cent of an insurance company's paid-up capital will need the regulator's prior approval, and any violation…
IRDAI has sent communication to Axis Bank and Max Financial Services, which entered into an agreement in April whereby the lender would have increased its stake in life insurance company…
IRDAI has allowed life insurers to obtain customers consent by electronic means, in place of physical signatures in pure risk products till December 31,2020. This has been done taking into…
The Supreme Court issued notices to the government and Insurance Regulatory and Development Authority (IRDA) on a plea seeking directions to all insurance companies to provide medical cover for mental…
There has recently been an array of new ideas and customer-friendly moves mandated by the Insurance Regulatory Development Authority of India (IRDAI) in the Health Insurance sector. This has opened…
As part of measures to prudently manage their financial resources, all insurers have been directed to align dividend pay-out for the FY 2019-20 so as to be in conformity with…