Insurance News

It is important for a policyholder to understand the terms and conditions of the policy that has been purchased. Since a policy document may be fraught with legalese, it is…

This has reference to the IRDAI circular ref: IRDA/IID/CIR/MISC/229/11/2022 dated 14th Nov 2022 and Master Direction - Non-Banking Financial Company- Account Aggregator (Reserve Bank) Directions, 2016 dated 2nd September, 2016…

Reference is invited to the short term Covid specific health insurance policies permitted to be offered by all Insurers. In partial modification of Clause 2 of Circular ref.no: IRDAI/HLT/REG/CIR/246/09/2021 dated…

Insurance Regulatory and Development Authority of India (IRDAI), Hyderabad intends to prepare a panel of reputed vendors for supply of housekeeping material and pantry items. Orders for supply of the…

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 relating…

Clause (d) of sub section (9) of Section 2 of Insurance Act, 1938 provides that a “foreign company” engaged in reinsurance business can transact the business of reinsurance through a…

The Authority had constituted Surveyors and Loss Assessors Committee vide Order No. IRDA/SURV/ORDER/MISC/100/04/2020 dated 24/04/2020. This committee is constituted as per Regulations 10 of IRDAI (Insurance Surveyors & Loss Assessors)…

The third wave of omicron peaked in India in 2022 but the impact was less this time as the symptoms were mild and did not require hospitalization. But overall, the…

In order to ensure sound remuneration or compensation practices and avoid situations resulting from excessive risk taking behaviour due to inappropriate compensation structures or incentive plans and also taking into…

It has been observed that the insurance intermediaries maintain multiple current accounts with banks at different operational levels, i.e., Branch offices, Corporate office, etc., for regulatory and other purposes. RBI,…