It has been brought to the notice of the Authority that Reinsurance/Composite brokers undertake reinsurance transaction between entities that are domiciled in foreign jurisdictions. The Authority is of the view…
Key Highlights Policy Can be bought by Housing societies and Individual home/flat owners Covers risk against Fire, Flood, Earthquake, Lighting, Explosion, Inundation, Storm, Riot, Strike, Terrorism (optional) etc.. Get Policy…
This has reference to the Authority’s master circular No. IRDA / F&A / CIR / MISC / 173 / 07 / 2017 dated 25.07.2017 wherein the insurers having unclaimed amounts…
With increasing interactions with third parties, greater complexities around data privacy controls, technological advancements and increasing use of life insurance products as a lever for money laundering, the propensity for…
Premium The general insurance industry underwrote total direct premium of Rs.128128 crore in India for the year 2016-17 as against Rs.96379 crore in 2015-16, registering a growth rate of 32.94…
The merger of three state-owned insurance companies - United India Insurance (UII), National Insurance Company (NIC) and Oriental Insurance Company (OIC), proposed in this year's budget - to create the…
Reference is invited to the provisions of ‘Annexure – 24’ of Authority’s circular Ref. No: IRDA/TPA/REG/CIR/059/03/2016 dated 28th March, 2016 where norms on Non Insurance Services under Healthcare Schemes were…
LIC's Jeevan Labh is a limited premium paying, non-linked, with-profits endowment plan which offers a combination of protection and savings. This plan provides financial support for the family in case…
Budget 2018 has provided for the merger of three Non life Insurers Oriental, United and National Insurance and the follow up exercise has already been started and hopefully by next…