As part of measures to prudently manage their financial resources, all insurers have been directed to align dividend pay-out for the FY 2019-20 so as to be in conformity with…
General insurance industry in India is set to witness slow growth during the first quarter of the current fiscal due to Covid-19 lockdown, credit rating agency Care Ratings said. In…
The Insurance Regulatory and Development Authority of India (IRDAI) has cautioned the general public about cyber fraudsters in insurance. "There are occasional reports of fraudsters offering insurance with unusually low…
With the aim of making ease for policyholders so that they would be able to avail medical covers without any hardships with immediate effect, the IRDAI has directed all health…
IRDAI has asked life, general and health insurance companies settle to the claims of Delhi riot victims expeditiously. The regulator also asked the insurers to make the payments within 15…
The IRDAI has given the approval to Paytm to embark into the insurance business. Paytm will foray into the insurance business with subsidiary Paytm Insurance Broking. The insurance company is…
The IRDAI has proposed a substantial hike in the third-party insurance premium for cars, two-wheelers and transport vehicles for the financial year 2020-21. However, a discount of 15% is proposed…
The IRDAI Chairman Subhash Khuntia said that the insurance broking companies are required to expand their business in smaller cities and rural areas, said IRDAI Chairman Subhash Chandra Khuntia. “In…
In a bid to pass on the benefits to the policyholders, the IRDAI has modified the guidelines for Arogya Sanjeevani Policy, after which the policy is set to be cheaper…
The insurance regulator IRDAI has been directed by the Securities Appellate Tribunal (SAT) has to recalculate the unlawful gains through advance premium that was collected by SBI Life Insurance Company…