In continuation of endeavours towards policyholder centric reforms in the insurance sector the Insurance Regulatory and Development Authority of India has strengthened the governance measures on the operations and allied…
The Authority has notified Insurance Regulatory and Development Authority of India (Registration and Operations of Foreign Reinsurers Branches and Lloyd’s India) Regulations, 2024 and IRDAI (Reinsurance) Regulations, 2018, with the…
The Cyclone Remal in various states have caused widespread loss of lives, property (homes and businesses) and infrastructure. The Sector Regulator IRDAI issued instructions to all Insurers including Life and…
In a move to empower policyholders and bolster inclusive health insurance, the Insurance Regulatory and Development Authority of India (IRDAI) has announced major revamp of regulatory norms. The regulator has…
The Insurance Regulatory and Development Authority of India (IRDAI) issued a master circular on health insurance on May 29, 2024, listing 20 provisions. These norms, if properly implemented, will make…
The Authority, vide order No. IRDA/F&A/ORD/MISC/151/09/2018 dated 18th September, 2018, had constituted a committee on Regulatory Sandbox in insurance space in India under the Chairmanship of Mr. Randip Singh Jagpal,…
1. It is observed that some Insurers are offering ‘Automatic Extension of Period Clause’ as an add-on to annual policies such as Standard Fire Special Perils, Industrial All Risks, Office…
The Authority, in order to address conflicts of interest arising out of the appointment of common directors between insurance companies, insurance company and insurance intermediaries and common promoters of Health…
Attention is drawn to Authority’s Circular No. IRDAI/CAD/CIR/MISC/063/03/2016 dated 01-04-2016 vide which all Insurers were directed to submit data pertaining to compliance of awards passed against them by Insurance Ombudsman.…
Reference is invited to clause 4 of the Circular ref: IRDA/TPA/REG/CIR/059/03/2016 dated 28.03.2016 issued under the provisions of IRDAI (TPA – Health Services) Regulations, 2016. Annexure 30 of the within…