1. The Insurance Regulatory and Development Authority of India (Corporate Governance for Insurers) Regulations, 2024 (“the Regulations”) were notified on 21st March 2024. The Authority has outlined in general terms,…
1. The Authority has notified the IRDAI (Registration, Capital Structure, Transfer of Shares and Amalgamation of Insurers) Regulations, 2024 (hereinafter referred to as “Registration Regulations, 2024”). In exercise of the…
The Insurance Regulatory and Development Authority of India (IRDAI) is at the forefront of spearheading transformative reforms in the Indian insurance sector, all as part of its larger vision of…
1. Reference is drawn to Clause C (1.1) of “Guidelines on Filing of Minor Modifications in the approved Individual Insurance Products offered by General and Stand Alone Health Insurers on…
1.Reference is invited to the Circular Ref. No. IRDAI/HLT/REG/CIR/054/03/2020 dated 04th March, 2020 wherein all insurers were advised to expeditiously handle the health insurance claims pertaining to COVID 19. 2.…
1. Reference is invited to Order No. 40-3/2020-DM-I (A) dated 15th April, 2020 issued as part of the Consolidated Revised Guidelines by the Ministry of Home Affairs, GOI. As per…
1. The global macroeconomic outlook for the current financial year 2020-21 has been adversely affected by COVID-19 pandemic which has impacted the majority of countries in the world across the…
Damage to property because of heavy rainfall is included in the definition of ‘flood’ and ‘inundation’ in the general insurance policy, the Supreme Court has ruled, rejecting the argument of…
Settling differences between two judges on the question of consequences of delay in informing theft of a vehicle to the insurance company, the Supreme Court has ruled that such delay…
Reference is invited to the Circular Ref. No. IRDAI/HLT/REG/CIR/054/03/2020 dated 04th March, 2020 wherein all insurers were advised to expeditiously handle the health insurance claims pertaining to COVID 19. Reference…