The government may have to infuse more capital in the three public sector general insurance companies to improve their financial health, a senior government official said. The government last year…
General insurers may soon be allowed to sell services such as gym memberships, vehicle repairs, and other diagnostic services in addition to their core insurance offerings. The government intends to…
IRDAI has asked insurance companies, including life and non-life, to fix an overall cap on commission payment to agents, brokers and other intermediaries, giving more flexibility to insurers in managing…
Insurance companies are grappling with the design, pricing and operational modalities of offering health cover for mental illness, disabilities and HIV after the IRDAI’s February 27 circular. As it is…
Goods and services tax (GST) authorities have initiated prosecution against a leading online insurance intermediary for allegedly generating bogus invoices of around Rs. 100 crore in the name of marketing…
All four public sector insurers incurred losses of Rs. 26,364 crore in the health insurance portfolio for the last five years due to higher claims in group policies, a CAG…
The gross direct premium underwritten by non-life insurance companies grew by 7.3 per cent to Rs 18,953.09 crore in December 2021, data from IRDAI showed. The non-life insurance companies…
IRDAI has directed the insurance companies to complete the template registrations of messages with their respective telecom service providers as per the framework implemented by TRAI. In a circular to…
As per the guidelines issued by the IRDAI, starting from April 1, 2021, all the general and health insurance companies will offer MashakRakshak, a standard vector-borne disease health policy. The…
IRDAI has recently asked the insurance companies to state proper reasons for denial in case of rejection of health insurance claims made by policyholders. It also asked the insurers to…