IRDAI mulls longer-tenure general insurance products
IRDAI is said to be exploring general insurance products with longer tenures and has written to the general insurance companies in this regard and formed a working group as well…
IRDAI doesn’t renew licence of Rothshield TPA
IRDAI has not renewed the licence of Mumbai-based Rothshield Insurance TPA for not complying with minimum business requirements by the regulator.In an order, IRDAI directed Rothshield TPA to remove the…
IRDAI proposes conditions for private equity funds in insurance companies
An exposure draft released by IRDAI has proposed to allow private equity (PE) funds to come in as promoters of insurance and reinsurance companies, with certain conditions, including that the…
After Max Life, IRDAI fines Axis Bank Rs. 2 crore
After penalising Max Life Rs 3 crore for its deal with Axis Bank, the IRDAI has imposed a Rs 2-crore penalty on the private lender. The penalty is in respect…
IRDAI eases norms for pensioners
To bring ease of living for NPS retirees, the Insurance Regulatory and Development Authority of India (IRDAI) has relaxed the requirement of submitting a separate proposal form for taking the…
Indian insurance industry can be sixth largest: IRDAI
The Indian insurance sector, which is growing at 11 per cent CAGR for the last five years, the momentum is expected to continue and could lead India to become the…
Half vehicles are uninsured: IRDAI Chairman
IRDAI Chairman MrDebashish Panda hassaid that close to half the vehicles in the country continue to remain uninsured, which is a cause of worry. Speaking at the insurance summit in…
Govt tightens norms on IRDAI, public insurer top brass’ post-retirement jobs
The Union government has asked top brass of IRDAI and public sector insurers to make a declaration that their post-retirement assignments do not involve conflict of interest and their employer…
IRDAI: Health sector, insurance require parallel investments
Insurers need to work together with hospitals, and investors in health insurance should also put money in healthcare when value-added services are allowed, IRDAI has said. This was needed to…
IRDAI to build comprehensive portal for resolving policyholders’ complaints
IRDAI is building a comprehensive portal for complaints redressal of policyholders. The portal is expected to be ready by the end of December this year, said Bejon Kumar Misra, Consumer…