1) Some General and Health Insurance Companies have proposed payment of claims in installments in respect of Personal Accident Policies and Benefit Based Health Policies as against lump sum payments. The…
Background Reference is drawn to IRDA (Linked Insurance Products) Regulations 2013, and IRDA (Non-Linked Insurance Products) Regulations, 2013 notified in February, 2013. Since 2013, there were significant changes in the trends…
IRDAI has that it will set the timeline to reduce LIC's shareholding in IDBI Bank from 51 % to 15%. However, it added that the timeline will only be set…
The Central government has decided to double the overdraft facility in Pradhan Mantri Jan Dhan Yojana to Rs 10,000 and the accident insurance to Rs 2 lakh, in a move…
IRDAI which had earlier directed insurers to ensure that claims on existing health policies are not rejected based on exclusions for genetic disorders, has put that direction on hold. In…
“After diversifying its business with parcel directorate and payments bank, the department has decided to set up insurance firm as a special business unit in two years,” Sinha told. “The…
General and Health Insurers are advised to grant 60 days grace period in respect of all health insurance policies due for renewal up to 30thSeptember, 2018 in the State of…
General Regulation (`GR`)-36 of India Motor Tariff(`IMT`), 2002 mandates General Insurance Companies carrying on motor insurance business to provide Compulsory Personal Accident (CPA) Cover for Owner-Driver under both Liability Only and…
IRDAI conducts onsite inspection of insurers, intermediaries, insurance intermediaries and other organizations connected with insurance business under the provisions of Section 14 (2) (h) of IRDA Act, 1999 by normally…
Hero Broking to diversify offerings; strengthen its footprint in the Distribution Space The Insurance Regulatory and Development Authority has issued a three-year license in the “ Direct – Life &…