Insurance News

The Authority has issued directions vide circular ref. IRDA/F&I/CIR/F&A/012/01/2010 dt. 28th January 2010 for hosting the financial and other information in specified formats on the respective websites by insurers. Similarly,…

1. Reference is drawn to the provisions of IRDAI (Health Insurance) Regulations, 2016 in accordance to which every insurer shall evolve a health insurance underwriting policy covering approach and aspects…

A. Legal Entity Identifier (LEI) code has been conceived of as a key measure to improve the quality and accuracy of financial data systems for better risk management post the…

In exercise of the powers conferred by sub section (1) of section 64 ULA of the Insurance Act, 1938, which provides for de-notification of all tariffs notified by the erstwhile…

1. Medical Council of India has issued ‘TeleMedicine practice guidelines’ on 25th of March 2020, enabling registered Medical Practitioners to provide Healthcare using TeleMedicine. 2. In the above background, insurers…

1. The extant Insurance Regulatory and Development Authority of India (Expenses of Management, including Commission of Insurers) Regulations, 2024 were notified on 23rd January, 2024. In order to supplement the…

1. This Master Circular is issued under the provisions of Section 34 of the Insurance Act, 1938 and Section 14 of the IRDA Act, 1999 read with Regulation 7 of…

The Madras High Court has recently held that when a claim is presented under the Motor Vehicles Act, the insurance company is liable to pay compensation even when the driver…

Remarking that courts should take a liberal view in awarding compensation to victims who are left 100% disabled and also suffer mental disabilities after road accidents, the Supreme Court extended…

In a significant decision, the Supreme Court has ordered use of Motor Accident Claims parameters, such as age of the victim and future earning capacity, to compute compensation to be…