IRDAI has sought revised business plans from the three public sector general insurers - National Insurance Company, Oriental Insurance Company and United Insurance Company. Fund infusion into the three companies…
IRDAI is planning to amend insurance rules so that insurers cannot deny lifelong renewal of a personal accident policy provided the policy has been earlier renewed without a break. .…
IRDAI has taken up the issue of insurers being treated at par with banks when it comes to recovery recourse available to them for the surety bond business and the…
The government has appointed former financial services secretary Debasish Panda as chairman of the Insurance Regulatory and Development Authority of India (IRDAI). The Appointments Committee of the Cabinet has approved…
Life Insurance Corp. of India's (LIC's) bid to buy 15% in India International Exchange (IFSC) Ltd (India INX), a stock exchange located in Gujarat's GIFT City, has been blocked by…
The insurance regulator has raised corporate governance concerns over the government's move to appoint one person as chairman of two state-run insurers. The government had sought Insurance Regulatory and Development…
IRDAI has taken up the issue of insurers being treated at par with banks when it comes to recovery recourse available to them for the surety bond business and the…
Soon, insurers may be solely responsible for collecting the policyholder's claims information from the existing insurer after porting of a health policy. As a result, insurers will not be able…
IRDAI has decided to set up two hubs on motor insurance and property insurance and also an advisory committee with the overall objective to promote loss prevention measures in the…
IRDAI said insurance intermediaries, including entities sponsored by them, can maintain current accounts in appropriate number of banks for the purpose of meeting regulatory requirements and reinsurance business. In August…