In a historic move, the Maharashtra government has announced free insurance coverage for 75,000 participants, known as Govindas, in the traditional Dahi Handi festival. This initiative is part of the…
In the digital age, cyber attacks have become a daily occurrence, with their frequency doubling since the pandemic. Major incidents, particularly targeting corporations, have highlighted the critical need for robust…
Strong Performance in Market-Linked Insurance Drives Profit Growth ICICI Prudential Life Insurance reported a 9% increase in its first-quarter profit. The profit after tax for the quarter ending June 30…
New Delhi: The agriculture insurance sector is poised for significant growth from 2024 onwards, with an average real premium growth projected at 2.5% over the medium term, according to the…
In the Union Budget 2024-25, the Finance Minister proposed reducing the TDS rate on life insurance policy payouts and insurance commissions from 5% to 2%. This change will take effect…
A. This Master Circular is issued under the section 14(2)(e) of the IRDAI Act 1999 and section 34 of the Insurance Act, 1938 read with Regulation 7 of schedule-III of…
In continuation of endeavours towards policyholder centric reforms in the insurance sector the Insurance Regulatory and Development Authority of India has strengthened the governance measures on the operations and allied…
The Authority has notified Insurance Regulatory and Development Authority of India (Registration and Operations of Foreign Reinsurers Branches and Lloyd’s India) Regulations, 2024 and IRDAI (Reinsurance) Regulations, 2018, with the…
A. This Master Circular is issued under Section 14 (2) (i) of the IRDA Act 1999 and Section 34 of the Insurance Act, 1938 and Regulation 7 of IRDAI (Insurance…
The Cyclone Remal in various states have caused widespread loss of lives, property (homes and businesses) and infrastructure. The Sector Regulator IRDAI issued instructions to all Insurers including Life and…