Insurance News

FA No 1345/2015 in MACT Case 634/2002 at Pune On an eventful day, 35 years ago, a meritorious and bright student, Mr. Aniruddha Dashrath Anand, having dreams of making it…

IRDAI invites applications for empanelment of professional(s) for translation of various documents of general, legal & technical nature from English to Hindi and vice-versa. The Individuals/Firms and Retired Officials (from…

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,…

The Authority issued guidelines on trade credit insurance in September 2021 to protect business against the risk of non-payment for goods and services by buyers. The Guidelines set out the…

Indian Motor Tariff 2002 (“Motor Tariff”) under Clause 7 of Section 2 provides for a specific situation wherein a private car owned by an employer, and used to carry employees,…

The Floods in Sikkim have caused widespread loss to property (homes and businesses) and infrastructure. The Sector Regulator IRDAI issued instructions to all General Insurers and Standalone Health Insurance Companies…

In a significant move aimed at promoting a favorable business environment and attracting more reinsurers to establish operations in India, the Insurance Regulatory and Development Authority of India (IRDAI) recently…

BimaManthan - a periodic meeting with the CEOs of Insurance and Reinsurance Companies was held at the Insurance Regulatory and Development Authority of India (IRDAI) Headquarters on 4th and 5th…

IRDAI has received a letter dated 8th August, 2023 from the Chairman, TRAI (The Telecom Regulatory Authority of India) against the backdrop of actions to be taken to curb the…

This circular is issued in exercise of powers conferred by Section 14 (2) (e) of the Insurance Regulatory and Development Authority Act,1999. Applicability: This circular shall be applicable to all…