IRDAI

As The Insurance Times proudly enters its 45th year, we reflect on the journey that has made this publication an enduring voice of the Indian insurance industry. Over the decades,…

1. As part of the comprehensive review of Regulations being undertaken by the IRDAI, to enhance the ease of doing business and also reduce compliance burden for stakeholders while also…

Mustafa Pithawala had taken a home loan of Rs 20,11,101 from Tata Capital Housing Finance on October 19, 2015. To secure its repayment, he was covered under ICICI Lombard Group…

Vide Circular Ref. No. lRDA/SDD/MISC/CIR/009/01/2013 dated 21st January 2013, IRDAI issued the extant Insurance Fraud Monitoring Framework to provide regulatory supervision and guidance on the adequacy of measures taken by…

IRDAI has extended the deadline for IFRS 17 implementation to FY27, providing insurers with additional time to adapt to this international financial reporting standard. IRDAI has been continuously extending the…

IRDAI to Strengthen Resources with 120 New Assistant Managers Over Three Years Key Points: The Insurance Regulatory and Development Authority of India (IRDAI) will expand its workforce by hiring 120…

National Insurance Company (NIC), currently facing a substantial solvency shortfall of ₹8,000 crore, is making strategic moves to bridge the gap by identifying several high-value assets for sale. With its…

1. Background Insurance sector has embarked upon the journey to achieve the vision of 'Insurance for All' by 2047. Various regulatory reforms have been undertaken in this direction by taking…

The Insurance Regulatory and Development Authority of India (IRDAI) as part of steps towards reinforcing empowerment of policyholders has issued Master Circular on Protection of Policyholders¡¦ Interests under the IRDAI…

Surveyors, Loss assessors and Claim adjusters have distinct functions. Clubbing these three categories of functions into one group serviced by the same person/s will not only be prejudicial but also…