IRDAI

IRDAI has sent communication to Axis Bank and Max Financial Services, which entered into an agreement in April whereby the lender would have increased its stake in life insurance company…

IRDAI has allowed life insurers to obtain customers consent by electronic means, in place of physical signatures in pure risk products till December 31,2020. This has been done taking into…

The Indian Express Group announced its entry into insurance web aggregation space by acquiring 100 per cent stake in My Insurance Club. While the deal was signed earlier this year,…

“Innovation for Bridging the Gap” 19th August,2020 Media Partner – The Insurance Times   While today’s COVID numbers stood at more than 27 lakhs, insurance claims received to date are…

General insurance business in India is expected to contract by 9% in 2020 due to COVID-19, a sharp decline from the 10% growth witnessed in 2019, according to GlobalData, a…

Mumbai, 1st September 2020: The Board of Directors of Universal Sompo General Insurance Co. Ltd approved its Unaudited Financial Results for the quarter ended June 30th, 2020. Universal Sompo General…

The decade 2020 and this particular year 2020 has begun with a bang. The Corona Virus or the COVID-19 has shaken the entire world- whether it is a developing or…

There has recently been an array of new ideas and customer-friendly moves mandated by the Insurance Regulatory Development Authority of India (IRDAI) in the Health Insurance sector. This has opened…

It was when COVID-19 virus started spreading in India, the insurance regulator IRDAI had a discussion with life insurance companies regarding the launch of COVID-specific products. But the discussion halted…

Irdai, the insurance regulatory body, on Sunday said it has decided to further extended the grace period for renewal of life insurance policies whose premium was due in March till…