IRDAI advises Insurers to fix Covid-19 treatment rates
IRDAI has advised general and health insurers to have agreements with health providers on rates for treatment of Covid-19 on the lines of other diseases. In a circular, the regulator…
IRDAI calls for standard travel covers
In a bid to simplify travel insurance and expand its reach in the country, IRDAI issued guidelines or insurers to come up with standard travel policies to be offered from…
Insurers may reduce premium for healthy customers
With the IRDAI recently allowing life companies to incorporate wellness into their policies, life insurers are working on their plans to offer wellness benefits. Tata AIA Life Insurance plans to…
EFFECTUAL INSURANCE UNDERWRITING IN THIS DECISIVE JUNCTURE OF NEW NORMAL SITUATION
INTRODUCTION: The coronavirus pandemic is savaging the global economy, resulting in widespread business closures, near-universal event cancellations, insurance executives are habitually working from home & busy in attending/responding the mails…
Saral set to heat up term insurance mkt
The term protection market in the life insurance industry is set to heat up with insurers readying to launch Saral — a standard term policy that has been designed by…
IRDA issues draft for standard vector-borne disease cover like dengue, malaria
IRDAI has released an exposure draft for a standard vector-borne disease health policy which will have a minimum sum assured of Rs 10,000 and a maximum of Rs 2…
IRDAI invites comments for amendments in insurance advertisement regulations
IRDAI has proposed to prohibit insurers from issuing advertisements that make claims which are beyond reasonable expectations of performance. The unfair and misleading advertisements will include those which fail…
Launch uniform life policy: IRDAI to Insurers
IRDAI directed all life insurers to come out with a standard plan 'Saral Jeevan Bima' from January 1, 2021. The product will have the same features, benefits, inclusions and…
IRDAI allows renewal of Covid policies
IRDAI has allowed renewal, migration and portability of Covid-specific standard health products - Corona Rakshak, Corona Kavach and Group Corona Kavach policies. IRDAI said Corona Kavach and Corona Rakshak policies…
IRDAI chief wants expansion of health cover to include OPD care
IRDAI Chairman Subhash Chandra Khuntia has urged the insurers to expand the ambit of health insurance to include outpatient care as part of the health insurance system to push millennial…