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…
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…
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…
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…
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 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…
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 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 Insurance Times - February 2024 issue - Ebook Version Please click on the image or link below to view the Ebook version of the Journal - https://online.flipbuilder.com/yojw/nedh/ [caption id="attachment_17735"…