IRDAI eases norms of bank bonds, InvITs/REITs
IRDAI has allowed insurers to buy more perpetual bonds issued by banks and permitted them to participate in the public listing of highyielding InvITs (Investment Trusts), enhancing the capital sources…
IRDAI nod not needed for issuing preference shares, subordinate debt
In a bid to promote ease of doing business, insurance regulator IRDAI has decided to do away with the prior approval requirement for raising capital through preference shares and subordinate…
IRDAI eases limits for commissions to Insurance Agents
IRDAI provided insurers with more flexibility in paying commission by linking limits to the overall portfolio and company management expenses, according to a report. The utmost commission sanctioned for non-life…
IRDAI organises hackathon, invites innovative solutions for insurance sector
IRDAI has invited entities to develop technology-driven innovative solutions for automated death claim settlement, curtail miss-selling, and other areas of the insurance ecosystem, with an aim to protect the interest…
IRDAI to look into rejected covid-19 claims
IRDAI agreed to look into the Covid-19 policy claims that were rejected by insurance companies. This comes after a public interest litigation was filed by a Manav Seva Dham (petitioner),…
IRDAI wants life firms to eye 50% premium growth in 5 yrs
In a first-of-its-kind advisory, the IRDAI has proposed premium growth targets over a five-year period for life insurance companies, in a bid to double insurance penetration in the country. In…
No decision on disclosure of insurance commissions: IRDAI
An IRDAI-appointed committee's proposal to make it mandatory to disclose insurance commissions charged on policies has rekindled an old debate, forcing the regulator to clarify that no decision has been…
IRDAI in favour of insurers in SLBC
The Insurance regulator has proposed the involvement of insurance companies at the state level and a big hike in the premium collection target in the next five years to deepen…
IRDAI cautions insurers against loading up on bonds of HDFC Cos
India’s insurance regulator has advised insurers against loading up on the bonds of HDFC Group companies, saying details on permitted exposure thresholds must await the effective amalgamation date for what’s…
IRDAI gives indicative premium growth targets to non-life insurance companies
The IRDAI has prescribed aspirational targets for non-life insurance industry, days after doing the same for life insurance companies. The aim is to increase the general insurance penetration to 2.52…