Industry experts believe that health insurance companies are unlikely to experience business cannibalisation due to the central government's decision to extend health coverage to people aged 70 and above, regardless…
Insurance is a financial safety net that protects individuals and businesses from unforeseen risks and liabilities. While insurance companies offer this valuable service, many people wonder, how do insurance companies…
India's health insurance companies have banded together to create a database of hospitals and nursing homes that encourage fraudulent claims. The umbrella body of insurance firms, the General Insurance Council…
Disclaimer The views and opinions expressed in this article are those of the author and do not necessarily reflect the official policy or position of any agency of the Indian…
Reference is drawn to IRDAI's circular No: IRDA/IT/ CIR/MISC/ 216/10/2016 dated October 31, 2016 on formulation of a comprehensive Information and Cyber Security framework for Insurance Sector. Consequently, the following…
The Authority had revised the Corporate Governance guidelines for insurance companies in 2016, which combined the stipulations regarding the form and composition of the Board, the Appointment and qualifications of…
Reference is drawn to Guidelines on Point of Sales Person - Non-Life and Health dated 26th October, 2015 facilitating insurance companies and insurance intermediaries to appoint point of sales person…
1. Sections 10 and 11 of the Insurance Act, 1938 were amended vide the Insurance Laws (Amendment) Act, 2015. These amendments have necessitated changes to the IRDA (Preparation of Financial…
Background Goods and Services Tax (GST) authorities have issued notices to over 20 insurance companies, including HDFC Ergo and Star Health, demanding ₹2,000 crore in unpaid GST. These companies allegedly…
Recently, the Insurance Regulatory and Development Authority of India (Irdai) suspended operations of Reliance Health, a standalone insurer that set up shop only last year. Another insurer, Aviva Life, was…