IRDA in India

With the amount of money laundered globally in one year estimated at 2 – 5% of the global GDP, or $800 billion - $2 trillion ; the financial services industry…

Following directions from the Delhi High Court last September to provide health insurance to people living with HIV/AIDS (PLHA), the Insurance Regulatory and Development Authority (Irda) has released the draft…

Change in the regulatory environment, which has compelled insurers to cut distribution costs, is leading life companies to look at new low-cost channels for distribution. A spate of companies, including…

IRDA has sought views/feedback on the Cross-selling of products in financial services, including insurance products, is common. Insurance products may be bundled with other financial services or with goods. 

The health insurance segment of the insurance industry has been growing significantly. The IRDA has underpinned the growth of this market by registration of standalone health insurance companies, by nurturing…

IRDA has issued clarification on AML guidelines for countries considered as high risk.

Insurance regulator IRDA has urged the insurance companies to explore the possibility of including daycare treatment in hospitals under health policies.

IRDA has imposed a fine of Rs. 2 lac on Metlife India Insurance for delay in issue of policy and violation of IRDA Guidelines.

IRDA has issued STANDARD INSTRUCTIONS AND GUIDELINES APPLICABLE FOR APPROVAL/RENEWAL OF AGENTS TRAINING INSTITUTES vide Ref: IRDA/AGTS/CIR/GLD/269/12/2011 dated 7th December 2011.

IRDA wide its circular has created a Declined Risk Pool for Act Only Commercial Vehicle Third Party Insurance with affect from 1.4.2012.