IRDAI has ordered insurance companies to “mandatorily” launch an appropriate product offering health insurance cover for certain vulnerable sections of society — persons with disabilities (PWD), persons afflicted with HIV/AIDS…
IRDAI has made it mandatory for general insurers or stand-alone health insurers to launch health insurance policies that can provide coverage to people with mental illness and those afflicted with…
Goods and services tax (GST) authorities have initiated prosecution against a leading online insurance intermediary for allegedly generating bogus invoices of around Rs. 100 crore in the name of marketing…
Spread Covid awareness: IRDAI to insurers IRDAI has asked insurance companies to reach out to people to increase awareness, given the resurgence of coronavirus in some parts of the world.Insurance…
The insurance regulator’s approval to United India Insurance Co. to exercise the call option on its bonds despite not meeting the minimum solvency ratio will set a precedent for similar…
The committee that recommends the percentage of obligatory cession that general insurers have to cede to state-owned General Insurance Corporation (GIC Re) has suggested that the obligatory cession be brought…
IRDAI is planning to allow all general insurers to offer long-term motor products covering both mandatory motor third-party and own-damage cover. To allow the policyholders a wider choice, the regulator…
Recent measures announced by IRDAI)have the potential to fasten the new business growth for companies and deepen insurance penetration in India, Washington based international actuarial and consulting Milliman said. India’s…
The Securities Appellate Tribunal (SAT) has upheld the order of insurance regulator IRDAI directing Go Digit General Insurance to discontinue the product "Digit Group Total Protect Policy" as the product…
IRDAI chairman Debasish Panda met CEOs of SOME general insurers, including health insurers, in Mumbai last week to review the performance of the industry and seek ideas from the industry…