IRDA in India

IRDA has asked Life Insurance Corporation of India (LIC) to complete all claims-related investigations within the stipulated time-frame of six months as prescribed by IRDA Regulations.

In February 2011 IRDA had issued Guidelines for Individual Agents for Persistency of Life Insurance Policies. Now IRDA has made these guidelines applicable to corporate insurance agents as well. The…

IRDA has introduced a mobile application that enables one to compare insurance products and premium rates. 

IRDA has issued draft Regulations on Bancassurance Agents to be called as IRDA (Licensing of Bancassurance Agents) Regulations, 2011. IRDA is inviting comments/suggestions of all stake holders on the Exposure…

IRDA has banned all websites from showing any insurance product comparison, displaying ratings, rankings, endorsements or bestsellers of insurance products on their website. IRDA has issued new regulations for web aggregators.

IRDA has announced the Guidelines for Web Aggregators to protect the interests of the prospects / policyholders and to regulate, promote and ensure the orderly growth of the insurance industry.

IRDA has warned M/s Future Generali Life Insurance Company Limited to adhere to IRDA guidelines in respect of Issuance of Policy and Cancellation of Policy under FREE Look Period. The…

IRDA was constituted as per IRDA Act 1999 as a Insurance Regulator in India. In order to have proper guidelines for insurance companies and intermediaries it issues Regulations from time…

IRDA Notification: Insurance sector has entered into sixth year of effective AML/CFT regime. In this context, extant AML/CFT guidelines to the insurance sector are being reviewed to assess the need…

Reference is invited to the captioned circular issued by the Authority. The Authority is in receipt of representations from the Industry seeking revisiting of certain provisions of the said circular.…