The Insurance Regulatory and Development Authority of India (IRDAI) is planning a major overhaul of insurance commission rules to curb mis-selling practices and enhance transparency in the sector. The reforms…
The Insurance Regulatory and Development Authority of India (IRDAI) has proposed a new framework for regulation-making that incorporates public consultations to improve transparency, efficiency, and governance in the insurance sector.…
The Insurance Regulatory and Development Authority of India (IRDAI) has released a consultation paper proposing changes to the insurance regulation-making process. The initiative aims to enhance transparency, efficiency, and stakeholder…
IRDAI Issues Consultation Paper on the proposed regulations pertaining to Rs. 800 Crore Policyholders’ Education and Protection Fund (PEPF) 23 June, 2026 The Insurance Regulatory and Development Authority of India…
The Insurance Regulatory and Development Authority of India (IRDAI) has formed a dedicated working group on artificial intelligence (AI) to guide the adoption, oversight, and governance of AI technologies within…
SBI Life Q4 profit slips despite premium growth SBI Life Insurance reported a marginal 1.1 per cent decline in net profit to Rs. 804.6 crore in the January-March quarter of…
Young buyers exiting health insurance within 3 years: Survey More than half of young Indians aged between 24 and 34 who purchase health insurance discontinue their policies within the first…
High commissions remain a concern: IRDAI Chairman Ajay Seth said the sharp rise in insurance industry commissions indicates that the sector continues to operate with a structurally high-cost distribution model.…
SBI General Insurance FY26 profit rises 9% SBI General Insurance reported an 8.6% rise in net profit to Rs. 553 crore for FY26, compared to Rs. 509 crore in the…
Orientation Programme for Insurance Ombudsmen May 21, 2026 With a view to strengthening the effectiveness of the Insurance Ombudsman mechanism and aligning it with the evolving expectations of the Authority…