2024 – Insurance Times

As we enter into the year 2024, optimism mingles with the need for prudent action in the Indian Insurance Industry. There has been lot of initiatives for the new wave…

In the dynamic realm of insurance, change is not merely constant; it's the cornerstone of evolution. As we stand at the crossroads of unprecedented challenges and opportunities, it's imperative for…

The Andhra Pradesh State Consumer Disputes Redressal Commission bench comprising Smt. C.V.S. Bhaskaram (Woman Member) and Sri B. Srinivasa Rao (Member), allowed an appeal filed by National Insurance Company Limited.…

The Supreme Court has upheld an order of the State Consumer Disputes Redressal Commission, Punjab, which granted INR 29,17,500 to an insurer and was eventually modified by the National Consumer…

The Cyclone Michaung and subsequent heavy rains/floods (December 2023) are reported to have caused widespread loss to human lives, property (homes and businesses) and infrastructure in various states. All Insurance…

This is in continuation of the IRDAI’s Circular no. IRDAI/NL/CIR/MISC/215/12/2023 dated 9th December, 2023 advising the insurers to take all necessary steps to settle the insurance claims arising out of…

The Authority has issued the IRDAI (Re-Insurance) Regulations, 2018 which deal with the operational aspects of placement of reinsurance. As per the Regulation 3(A) of the above Regulations an advance…

Reference is drawn to Note 2 of Regulation 9 of IRDAI (Investment) Regulations 2016 which stipulates that “Investment in Infrastructure Debt Fund (IDF), backed by Central Government as approved by…

Based on the Regulation Review Committee's (RRC) recommendations, IRDAI released a consolidated EoM regulation, including commissions. IRDAI released an exposure draft on the EoM in November 2023, including commission for…

In the dynamic world of insurance, where uncertainties abound, the significance of robust risk management practices cannot be overstated. As we stand at the crossroads of unprecedented challenges, the insurance…