The Insurance Regulatory and Development Authority of India is cracking the whip on misselling of insurance by banks. It proposes to ban insurance companies from giving incentives and junkets to…
The insurance regulator has tightened equity investment norms by prescribing a dividend track record of 10 per cent for the last two years instead of the earlier 4 per cent…
IRDAI has proposed outsourcing norms for insurance companies under which they can take services of individuals for activities like medical examination, claim investigation, and recovery. As per the exposure draft,…
The Insurance Regulatory and Development Authority of India (IRDAI) has introduced cession limits, based on sum assured and commission. The cession for this financial year has been fixed at five…
IRDAI has asked life insurers not to withhold or delay settlement of claims of policyholders if there is any objection from claimants to fill the discharge voucher. Discharge voucher is…
Aditya Birla Health Insurance Co Ltd, promoted under a joint venture agreement between Aditya Birla Financial Services Ltd(ABFSL) and MMI Strategic Investments (Pvt) Ltd (MMI), South Africa, has been approved…
Life insurance companies can no longer force claimants into signing a receipt for having received 'full and final payment' as a pre-condition for releasing claim dues. A new directive from…
IRDAI has put a cap of Rs 1.5 crore on the annual salary of Chief Executive, which could be paid from the policyholders' fund. "In case the annual remuneration of…
The Insurance Regulatory and Development Authority of India (IRDAI) has directed life insurance companies not to withhold or delay payment of claims when the policyholder or claimant expresses unwillingness or…
To provide relief to 2nd hand property buyers facing legalities for property ownership, the Insurance Regulatory and Development Authority of India (IRDAI) has set up a committee to launch Title…