IRDAI has informally indicated no objection with Apollo Munich Health Insurance and HDFC ERGO General Insurance's merger, as per the information from source. Promoters of Apollo Munich Health Insurance and…
Finance Minister Nirmala Sitharaman has recently held a meeting with financial regulators including IRDAI and has reviewed the state of the economy ahead of the budget. Meanwhile, The FM has…
Ganesh Krishnamurthy, LIC Executive Director has been appointed as new whole-time member (life) at IRDAI Insurance Regulatory and Development Authority. The appointments committee of the cabinet (ACC) has cleared his…
The variable pay of CEOs, managing directors and executive directors of insurers must be based on their performance vis-à-vis that of the industry, said the insurance regulator. It also asked…
Insurance regulator IRDAI's proposal to increase third party (TP) motor insurance from 10 to 20% on different segment will come into effect. This is likely to hit auto sector badly…
A Working Group of the IRDAI has suggested modifications in the norms for surveyors and loss assessors for speedy settlement of claims. On timelines for submission of survey report, the…
IRDAI has asked insurers to refrain from seeking Aadhaar from the proposer or policy holders. In a circular, IRDAI said along with Aadhaar, insurers should not mandatorily seek PAN/Form 60…
The levying of an 18% tax on insurance premiums is detrimental to improving the penetration of insurance in the country and should be rolled back, said Nilesh Sathe, member(life) IRDAI.…
IRDAI has directed general insurers to withdraw the automatic extension in period clause, which is offered as an add-on with annual policy covers by general insurers, as this violates the…
T L Alamelu, chairman, Agriculture Insurance Company (AIC), has been appointed as whole-time member of insurance regulator IRDAI, in-charge of non-life insurance by the Appointments Committee of the Cabinet. The…