IRDAI said it has relaxed norms for 'surety bonds', a type of insurance policy protecting parties involved in a transaction or contract from potential financial losses due to a breach…
IRDAI has constituted a task force to facilitate ease of doing Know Your Customer (KYC) by insurers using Aadhaar, the 12-digit individual identification number. In a circular, the IRDAI said…
Guidelines on the Lead Insurer Scheme are expected soon with the regulator having increased the push for State-wise insurance activity through periodic reviews and updates, according to industry players. “It’s…
IRDAI has asked insurance companies to lay down social media guidelines for their employees to ensure that no unverified or confidential information relating to the organisation is disseminated to the…
IRDAI has asked insurance companies to provide comprehensive coverage for intending parents and surrogate mothers undergoing surrogacy and fertility treatments. “An insurance coverage of such amount as may be prescribed…
IRDAI proposed a revised guidelines for remuneration for non-executive directors and persons in key managerial positions of private insurers to ensure alignment of compensation with prudent risk management. In an…
IRDAI has decided to stop the facility of re-payment of loans taken against Life Insurance policies through credit cards. In a circular dated May 4, 2023, the insurance regulator advised…
The Insurance Regulatory & Development Board of India (IRDAI) has removed the limit on commission payments to be made to agents, brokers, and other intermediaries of both; life and non-life…
Investigations by the income tax and goods and services tax authorities against 30-odd insurance companies over transactions worth more than 60,000 crore will continue despite the sector regulator announcing new…
The Supreme Court has set aside the order of a Securities Appellate Tribunal (SAT) where the tribunal had made strong comments about the insurance regulator in a dispute involving insurance…