IRDAI planning to expand scope of health insurance coverage
IRDAI has set up a working group to be chaired by Suresh Mathur, ED (Health), IRDAI, to examine the exclusions prevalent in health insurance and rationalise them by minimising the…
IRDAI asks insurers to quickly settle claims in Kerala
IRDAI has directed all insurance companies to initiate immediate steps for quick registration and disposal of claims in Kerala. “The recent floods have caused immense loss to life and property…
IRDAI asks insurers to cover mental illness
In a step towards reducing myths and stigma associated with mental illness, IRDAI asked insurers to cover mental illness under medical insurance policy, treating it at par with physical illness.…
IRDAI aims to simplify health insurance plans for Ayushman Bharat Scheme
IRDAI is pushing for simpler products and greater use of technology to increase the number of people covered by health insurance plans. This is aimed at making the Ayushman Bharat-National…
Right to information act, 2005
The Government of India has enacted the Right to Information Act, 2005 (http://www.persmin.nic.in) which has come into effect from October 13, 2005. The Right to Information under this Act is…
Modified Guidelines on ‘Items for which optional cover may be offered by insurers’
In partial modification of Annexure 1 of Chapter III of the ‘Guidelines on standardization of Health insurance business’ issued vide Circular Ref: IRDA/HLT/REG/CIR/146/07/2016 dated 29.07.2016, the following items are deleted from the said list of…
Guidelines on Insurance claims of the victims of recent floods (August 2018) in the state of Karnataka
As you are aware, the recent floods have caused immense loss to life and property in certain districts of Karnataka State, including Kodagu. There is an urgent need for us…
Exposure Draft on IRDAI (Insurance Services by Common Public Service Centers) Regulations, 2018
Background Reference is drawn to IRDAI (Insurance Services by Common Service Centres) Regulations, 2015, that enables CSC-SPV to distribute insurance products. It is observed that the above regulations are very…
Constitution of Working Group for revisiting the Surveyor Regulations
This has reference to the seminar conducted by the Authority for Corporate Surveyors on 27.03.2018 and the meeting had with Hon’ble Chairman on 28.05.2018. During the aforesaid discussions, various issues…
Disclosure of information/details under Fit & Proper norms under Reg. 13(1) (b) of IRDAI (Insurance surveyors and Loss Assessors Regulations), 2015
Attention is drawn to the Chapter II Licensing Procedure Reg. 3 and Reg. 4 of IRDAI (Insurance surveyors and Loss Assessors Regulations), 2015 which includes “fit & proper criteria” for…