Insurance News

1. This has reference to the Authority’s Circular No. IRDA/NL/CIR/MISC/104/ 07/2018 dated 06th July, 2018 advising all general insurance companies to comply with the direction issued by Hon’ble Supreme Court…

 1. Keeping in view synergies involved and the need for collaboration between various stakeholders for effective loss prevention and minimization in the general insurance industry, the Authority had set up…

Pursuant to the full Council election of IIISLA and declaration of results on 20th July,2019, a meeting of the Board of Directors of IIISLA was held on 29th July,2019 at…

1. Reference is drawn to Clause 3 of Section A of Guidelines on Covid Standard Health Policy (Ref: IRDAI/HLT/REG/CIR/163/06/2020 dated 26th June, 2020) vide which all the general and health…

1. Reference is drawn to Clause 8 of Section 3 of “Master Circular on Standardization of Health Insurance Products” (Ref: IRDAI/HLT/REG/CIR/193/07/2020 dated 22.07.2020) vide which all the general and health…

The provisions relating to transfer of shares of insurance companies are governed by section 6A of the Insurance Act, 1938 read with IRDAI (Transfer of Equity Shares of Insurance Companies)…

National Consumer Disputes Redressal Commission (NCDRC): C. Vishwanath (Presiding Member), held that since the Insurance Company itself insured the complainant's vehicle and the vehicle had been stolen during the currency…

Chhattisgarh High Court: A Division Bench of P. R. Ramchandra Menon and Parth Prateem Sahu JJ., allowed the appeal and modified the impugned award. The facts of the case are…

1.Attention is drawn to Clause 7 of Section C of Guidelines on Standard Individual Health Insurance Product (Ref: IRDAI/HLT/REG/CIR/001/01/2020 dated 01.01.2020) wherein General and Health insurers are allowed to offer…

1. With a view to enhance and coalesce the fragmented liquidity in Corporate Bonds, SEBI has implemented the Request for Quote (RFQ) Platform through Bombay Stock Exchange (BSE) and National…