The Insurance Regulatory and Development Authority of India (IRDAI) issued a master circular on health insurance on May 29, 2024, listing 20 provisions. These norms, if properly implemented, will make…
The central government has directed all state administrations to link the health records of beneficiaries enrolled under different health schemes with the Ayushman Bharat Health Account (ABHA) ID in a…
Narayana Health Insurance (NHIL), a new venture by Narayana Health, on Monday (July 1) announced the launch of its first health insurance product, 'ADITI.' In India, there is a need…
Kotak Mahindra Life Insurance Company has introduced an innovative protection plan, Kotak Gen2Gen Protect, designed to cover two generations within a single policy. This new plan offers an industry-first feature,…
Case title: Ashok Kumar v. New India Assurance Co. Ltd. Summary The Supreme Court ruled in a car theft case that any policy condition violation should be considered a fundamental…
Case Title: Bajaj Allianz General Insurance Co.Ltd. V. Mukul Aggarwal, CIVIL APPEAL NO.1544 OF 2023 Summary The Supreme Court reaffirmed that an insured person is limited to making claims covered…
The Cyclone Remal in various states have caused widespread loss of lives, property (homes and businesses) and infrastructure. The Sector Regulator IRDAI issued instructions to all Insurers including Life and…
A. This Master Circular is issued under Section 14 (2) (i) of the IRDA Act 1999 and Section 34 of the Insurance Act, 1938 and Regulation 7 of IRDAI (Insurance…
The Authority has notified Insurance Regulatory and Development Authority of India (Registration and Operations of Foreign Reinsurers Branches and Lloyd’s India) Regulations, 2024 and IRDAI (Reinsurance) Regulations, 2018, with the…
In continuation of endeavours towards policyholder centric reforms in the insurance sector the Insurance Regulatory and Development Authority of India has strengthened the governance measures on the operations and allied…