IRDA in India

At its 76th meeting convened on 8.2.2013, the Insurance Regulatory and Development Authority has approved four substantive Regulations.

All stakeholders are requested to review the attached exposure draft and forward their view/ Comments to the following address within 30 days.

Attention is drawn to clause 3.1.1 (iii) of IRDA Circular reference IRDA/F&I/CIR/AML/158/09/2010 dated 24th September 2010 on AML/CFT guidelines (the Master Circular 2010) which requires insurers to identity and verify the beneficial owner…

Life insurers said that the seven pages draft application form proposed by IRDA (Insurance Regulatory and Development Authority) to facilitate need-based selling is too complex, according to media reports.

This is further to circular no. IRDA/MISC/CIR/225/10/2012 dated 03.10.2012 on Integrated Surveyors Licensing Management System.

ORDER IN RESPECT OF M/S, S. K. INSURANCE BROKING LIMITED, IRDA/BRK/MISC/ORD/005/01/2013,  DT: 07.01.2013

ORDER  IN RESPECT OF M/S ARROW INSURANCE BROKERS PRIVATE LIMITED IRDA/BRK/MISC.ORD/004/01/2013/Dt.7.1.2013

Health insurance addresses a major area of public concern. Although it is rapidly growing sector, access to health insurance still remains limited and add to it complaints, especially due to…

IRDA/NL/ORD/MISC/006/01/2013 - Dt: 8th January 2013 IRDA vide its Exposure Draft dated 16th October 2012 has invited all the stakeholders to provide their comments on the draft proposal of modifications…

Complaint No. 442/BAJNL/COMP/09-10 – Motor Insurance Claim under Policy No. OG-09-1101-6014-00010777