The IRDAI has sought information from insurers on their exposure to Infrastructure Leasing & Financial Services (IL&FS), Dewan Housing Finance Corporation (DHFL), Indiabulls, and Anil Dhirbubhai Ambani group companies, informed…
The IRDAI may give allowance to public sector banks in holding more than 10% stake in multiple insurance companies, provided that they limit their promoter control to one entity and…
The IRDAI will soon bring standard guidelines for products exclusively targeting at units like ‘dwelling houses’ and small commercial establishments. Presently, small shops and houses do not get standardised insurance…
Keeping the rapid growth of natural disasters in the country, the IRDAI is working on launching the government-funded catastrophe (cat) cover for the poor sections of the society. After receiving…
Keeping the rapid growth of natural disasters in the country, the IRDAI is working on launching the government-funded catastrophe (cat) cover for the poor sections of the society. After receiving…
The IRDAI has recently given nod to the investment in debt exchange traded funds (ETFs). “The IRDAI permits debt ETFs with underlying debt securities of Central Public Sector Enterprises, proposed…
The IRDAI has recently stated that it will soon give its customers the access to innovative and tech-driven insurance products. “We will announce the list of approved proposals received in…
IRDAI has recently stated that licensed surveyors are not necessary for settling any claims in the line of business (LoB) like claims under insurance policies inclusive of travel and personal…
In a bid to make motor insurance claim settlement easier, IRDAI has recently proposed to increase the limits of self-assessment of damage. It must be noted that the current limit…
IRDAI has recently directed Reliance Health Insurance Company (RHCIL) to put a cap on the sale of new policies and transfer the entire policyholders’ liabilities to the authority. In a…