irda

Micro insurance regulations for the insurance sector is set to be finalised soon. The regulations prescribe a framework within which insurers can offer affordable micro insurance products to a targeted…

At least 2,500 complaints are lying with the Insurance Ombudsman’s office here for a decision. And, it will take more than a year to clear these. Reason: There is no…

The Delhi High Court has asked the Centre to respond to a plea seeking direction to set up a mechanism for "utilising" unclaimed insurance money lying with various companies.

The Guidelines on Anti-Money laundering /Counter Financing of Terrorism (AML/CFT) were issued under Section 34 of the Insurance Act, 1938 on 31st March 2006. The Guidelines were made applicable to…

At its 76th meeting convened on 8.2.2013, the Insurance Regulatory and Development Authority has approved four substantive Regulations.

From the next fiscal, insurance companies will have to maintain a solvency margin of 145% instead of the 150%. The Insurance Regulatory and Development Authority (Irda) has decided to move…

In a move likely to give a fillip to the markets recently, as well as help meet the demands of the finance ministry to bolster the participation of insurance companies…

Get ready to pay more for your health or motor insurance covers if you have made a claim in the past.

All stakeholders are requested to review the attached exposure draft and forward their view/ Comments to the following address within 30 days.

The concern expressed by Finance Minister P Chidambaram earlier this week on the issue of mis-selling in the insurance industry has brought the issue of malpractices while selling policies to…