The Supreme Court declined immediate hearing on a petition filed by IRDAIchallenging an order of Securities Appellate Tribunal (SAT) staying the insurance regulator’s decision to transfer nearly two lakh policies…
IRDAIhas directed insurers to create Ayushman Bharat Health Account (ABHA) IDs, the 14-digit unique identifiers to be issued to all citizens, for both new insurance seekers and existing policyholders. The…
IRDAIis looking to launch a bundled product which will provide life, health, casualty and property cover in a single insurance policy at an affordable price, its Chairman Debasish Panda said.…
The insurance regulator has asked intermediaries to develop hybrid and niche customer service platforms for purchasing insurance. The call for online platforms comes at a time when the regulator is…
IRDAIhas asked insurers to settle claims in the states affected by cyclone Biparjoy in an expeditious manner. In a circular to CEOs of all general insurance companies, and standalone health…
India is considering rule changes to bolster insurance penetration in the country as more companies, including foreigners, line up to enter the segment. “Proposals for amendments to insurance laws include…
India’s insurance regulator favours greater freedom for insurance companies to sell other products, including mutual funds. The financial services space is interconnected, and a one-stop solution may offer better availability…
The finance ministry has declined to intervene in a plea for relief made by the insurance industry, which is facing penal action from tax authorities for goods and services tax…
India’s health insurance segment contributed 0.34 percentage point out of the overall 1 percentage point of general insurance (including health insurance) penetration in the country during FY22, Lok Sabha was…
IRDAI is proposing to tighten norms for insurance advertisements by assigning higher responsibility on senior management of insurers in designing and approving media campaigns for product promotion. In this context,…