IRDA has warned M/s Future Generali Life Insurance Company Limited to adhere to IRDA guidelines in respect of Issuance of Policy and Cancellation of Policy under FREE Look Period. The…
The insurance regulator is contemplating scrapping the third party motor pool from which claims of all accident victims are settled, possibly doubling the insurance premium for millions of automobile buyers.
IRDA Notification: Insurance sector has entered into sixth year of effective AML/CFT regime. In this context, extant AML/CFT guidelines to the insurance sector are being reviewed to assess the need…
Reference is invited to the captioned circular issued by the Authority. The Authority is in receipt of representations from the Industry seeking revisiting of certain provisions of the said circular.…
With reference to the captioned guidelines the following clarifications are issued for compliance by all insurers.
IRDA Circular : Though the Indian insurance industry has been in existence for over 125 years, the pace of standardization and integration has picked up speed with the liberalization of…
The IRDA, vide circular dated February 10, 2011, had issued guidelines on portability of health insurance policies which was to be introduced from 1st July 2011. Subsequently, on 24th June…
As per a circular issued by IRDA, The Third Party Administrators (TPAs) in health insurance will now have to are strict their services only to an insurance company.
IRDA CIRCULAR: IRDA had earlier required that portability of health insurance policies across non life insurance companies including stand alone health insurance companies would be introduced with effect from 1st…
IRDA is proposing to issue the Regulations on IRDA (Issue of Capital and Disclosure Requirements for Life Insurance Companies) Regulations, 2011.