Insurance Brokers are governed by IRDA (Insurance Brokers) Regulations, 2002. As of now, new applicants for grant of and licensed brokers to renew their license are required to apply in…
The total premium collections of the life insurance industry in the country have gone down by 4.2 per cent in the first six months of the current fiscal to Rs…
The Insurance Regulatory and Development Authority (IRDA) has asked health insurance companies to indicate premium to be paid by the policyholder in the first five yearswhile filing new products for…
Non-life insurers have requested IRDA (Insurance Regulatory and Development Authority) to relax the limit on their total expenses to expand their business operations, according to media reports.
The exposure draft of IRDA (Insurance Regulatory and Development Authority) has proposed to include paint material in the list of items which have depreciation rates. The move is aimed at…
To prevent over-billing by hospitals, the insurance regulator is working on a system to capture data with regard to health insurance systems and entire medical process and billing claims, according…
The Department of Financial Services, Ministry of Finance has invited applications for the post of Chairperson, Insurance Regulatory and Development Authority (IRDA). The position of the chairman will be vacant…
After the Insurance Regulatory and Development Authority (IRDA) rolled out the Sharing of Database Regulations, 2010, all insurance companies have been filing applications for approval of referral entities with IRDA.…
Whereas Clause C-4 of Guidelines on Group Insurance Policies given in Circular No. 015/IRDA/Life/Circular/GI Guidelines/2005 dated 14th July 2005prescribes that there shall be no other payment whether as management expenses…
Some major highlights of the Insurance Amendment Bill are as below:- 1. FDI has been hiked to 49% which will allow foreign companies to increase their stake in Indian joint…