May 2021

1. Reference is drawn to Guidelines on standard individual health insurance product circular Ref No: IRDAI/HLT/REG/CIR/172/07/2020 dated 07.07.2020 specifying norms on minimum and maximum sum insured limits. 2. In order…

1. Reference is drawn to the provisions of Regulation 27 (Settlement/Rejection of claim by insurer), Regulation 30 (Administration of Health Policies) and Regulation 33 (Engagement of Services of TPAs by…

1. Reference is invited to the short term Covid specific health insurance policies permitted to be offered by all Insurers. 2. In partial modification of Clause 5 of Guidelines on…

In a notable judgment, the Supreme Court has recently held that a breath analyzer test or blood test as contemplated under the Motor Vehicles Act is not necessary for an…

1. Preliminary These guidelines are issued in furtherance to the Circular vide Ref: IRDA/SUR/GDL/MISC/288/12/2020 dated 01/12/2020 on Guidelines for Practical Training for Surveyors and Loss Assessors for obtaining fresh /…

1. This circular is issued in exercise of the power vested under section 14(2)(e) of the IRDA Act, 1999. 2. Reference is drawn to the Circular No. IRDAI/NL/GDL/F&U/030/02/2016 dated 18th…

Police have recently arrested 7 people in Ghaziabad for allegedly duping hundreds of insurance policy holders of crores of rupees. The arrested included two women. The accused have been identified…

The Delhi High Court has asked IRDAI to explain on what basis it was approving insurance policies that excluded mental conditions from full coverage, noting that "a large number of…

A complaint had recently been lodged at the city police commissionerate on behalf of Medi Assi Pvt Ltd, a third party involved in the insurance scheme of the government, that…

The Central Bureau of Investigation has recently arrested a Senior Divisional Manager and an Administrative Officer of the National Insurance Company Ltd. for allegedly demanding a bribe of Rs. 4.5…