CIRCULAR To. All the Insurers & Insurance Intermediaries Re: Clarification on outsourcing activities undertaken by Insurance Web Aggregators and remuneration payable. The Authority is in receipt of queries from insurance…
IRDAI is working on mechanism to return Rs. 15,000 crore of unclaimed deposits lying idle with life insurers. For amounts stuck in pension schemes, IRDAI has asked life insurers to…
The Authority had issued the following circulars with regard to the captioned matter: Circular Ref: IRDAI/NL/CIR/MOTP/158/09/2018 dated 20th September, 2018. Circular Ref: IRDA/NL/CIR/MOTP/170/10/2018 dated 9th October, 2018. 2. Feedback has been received…
Insurance policyholders are set to get substantial benefits, with IRDAI proposing significant changes to revival of policies and enhancing guaranteed benefits while surrendering the cover ahead of maturity. IRDAI has…
Creating awareness among farmers holds the key to expand crop insurance coverage across the country, said Dr Subhash Chandra Kunthia, Chairman, Insurance Regulatory and Development Authority of India. While inaugurating…
After enactment of IRDA Act, 1999, IRDAI was empowered to grant license to Surveyors and loss assessors. In the year 2001-02, Authority carried out the one-time exercise of categorization of…
The Insurance Regulatory and Development Authority (IRDAI) has raised the minimum insurance cover for owner-driver to Rs 15 lakh for a premium of Rs 750 per annum. Currently, the capital…
IRDAI’s chairman urged insurers to focus on customer satisfaction and value addition to products to ensure sustainable growth of the industry. “Insurance entities must provide more value to customers. As…
The Insurance Regulatory and Development Authority of India (IRDAI) has formed a panel to examine the feasibility of payment of general and health insurance claims in instalments. “Some general and…
This has reference to Circular Ref.IRDAI/NL/CIR/MOTP/158/09/2018 dated 20th September, 2018 on the subject. We have received complaints/communications from various stakeholders regarding certain aspects of implementation of Compulsory Personal Accident Insurance for…