Insurance News

The second proviso of section 48A of the Insurance Act, 1938 provides that “the Authority may permit an agent or intermediary or insurance intermediary to be on the Board of…

Reference is drawn to Point no. 3 on “Applicability” of Guidelines on Information and Cyber Security for Insurers dated 07.04.2017 read as “this guidelines document is applicable to all insurers…

Reference is drawn to para 12 of Annexure – I of D.O.No. 22003/15/2019-14C dated 30th March 2022 (enclosed) issued by Home Secretary, GOI and communication from Department of financial services…

As part of promoting ease of doing business for insurance companies, Insurance Regulatory and Development Authority of India (IRDAI) has been constantly striving to reduce the compliance burden of all…

IRDAI has proposed revising norms for Corporate Insurance Agents by allowing them to sell products for 9 Insurers in Life, General and health Insurance. This move will help to expand…

In order to facilitate open architecture which will enable the prospects and policyholders to have wider access in purchasing insurance and also to enhance the reach of insurance to every…

Insurance Regulatory and Development Authority of India (IRDAI) is constantly driving to increase insurance penetration, ensuring availability of insurance in every nook and corner of the country and also facilitating…

  The Authority has notified the IRDAI (Regulatory Sandbox) Regulations, 2019 with a validity of two years to facilitate innovation in products or solutions proposed to be offered by the…

As per the Order passed by the Commissioner (Appeals – I) in appeal no. HYD/SVTAX-HYC/APP-025-022-23 (APP1) dated 22/06/2022, it is stated that the services provided by the Authority to Insurance…

The complainant stated that her husband was admitted in the Synergy Hospital Agra for the period from 16.03.2016 to 19.03.2016 for treatment of Acute Pancreatitis. She had incurred an expenditure…