The Insurance Regulatory and Development Authority of India (IRDAI) is targeting January 2028 for the beta launch of its proposed Public Insurance Registry (PIR), Chairman Ajay Seth said. The digital…
The Insurance Regulatory and Development Authority of India (IRDAI) is considering allowing a reasonable transition period for implementing proposed caps on insurance commissions. IRDAI Chairman Ajay Seth said the regulator…
India’s health insurance sector is facing a growing consumer trust problem, with concerns around claim settlements, cashless treatment, deductions and rising out-of-pocket expenses. An opinion analysis published by Moneycontrol argues…
The Insurance Regulatory and Development Authority of India (IRDAI) is considering introducing proposed insurance commission caps from January 1 or April 1, 2027, as part of a broader overhaul of…
General insurance companies are proposing a mandatory 10% co-payment on retail health insurance policies, a move that could reduce premiums but substantially increase policyholders’ out-of-pocket expenses. The proposal, being discussed…
The Insurance Regulatory and Development Authority of India (IRDAI) has ruled out a gradual glide path for proposed insurance commission caps, signalling a possible immediate reset of distributor remuneration. In…
LIC Drives Life Insurance Growth as New Business Premium Rises 33% in August Life insurers recorded strong growth in new business premium (NBP) in August, with total premium collections increasing…
IRDAI Tightens Oversight on Insurers’ Operating Costs The Insurance Regulatory and Development Authority of India’s (IRDAI) recent action against insurers breaching Expense of Management (EoM) limits indicates a stronger regulatory…
The Insurance Regulatory and Development Authority of India’s (IRDAI) consultation paper on recalibrating the economics of insurance distribution seeks to address high distribution costs, mis-selling and misaligned incentives in the…
The Insurance Regulatory and Development Authority of India (IRDAI) has extended the deadline for submitting comments on its proposed Public Insurance Registry (PIR) to October 17, 2026, from the earlier…