Attention is drawn to the Authority’s circular Ref. No.IRDAI/HLT/MISC/CIR/128/08/2018 dated 16th August, 2018 directing all Insurance companies to comply with the provisions of the Mental Health Care Act, 2017 (MHC…
This is further to the Circulars Ref: IRDAI/NL/CIR/MISC/107/06/2022 dated 01.06.2022 and Ref: IRDAI/NL/CIR/PRO/146/07/2022 dated 14.07.2022 issued by the Insurance Regulatory and Development Authority of India (the Authority) regarding Product Filing…
An Inter-Regulatory Technical Group on FinTech (IRTG on FinTech) had been constituted under the aegis of the Financial Stability and Development Council- Sub Committee (FSDC-SC). The terms of reference (ToR)…
Ref: IRDAI/INT/GDL/INDP/219/12/2019 4th December, 2019 I. Introduction The Authority issued Guidelines on Point of Salesperson-General and Health vide circular no. IRDA/ lnU GDL/ ORD/183/10/2015 dated 26/10/2015 and Guidelines on Point…
Recently, the Insurance Regulatory and Development Authority of India (Irdai) suspended operations of Reliance Health, a standalone insurer that set up shop only last year. Another insurer, Aviva Life, was…
The Supreme Court has observed that an insurance company cannot raise delay as a ground for repudiation for the rst time before the consumer forum, if it has not taken…
General Insurance Companies enter into service agreements with motor workshops/garages for the purpose of providing motor insurance claim services for repair of accident vehicles. It is noticed that the service…
(i) Compliance requirements prescribed for the Branches of the foreign reinsurers under Public Disclosures by Insurers vide IRDAI circular ref. no. IRDAI/F&A/CIR/MISC/256/09/2021 dated 30.09.2021 and (ii) Revised Guidelines on Stewardship…
Insurance Information Bureau of India has been periodically publishing the industry Burning Cost for Fire perils (FLEXA). All insurers have been informed that the purpose of this is to give…
On reference made by the Hon'ble Supreme Court of India, IRDAI undertook a comprehensive review of the extant Arbitration Clause prevalent across various lines of business in the General Insurance…