Insurance Research Grant Scheme
IRDAI invites proposals, under Research Grant Scheme, for research work in the areas related to policyholder’s protection, consumer education and promoting the orderly growth of the insurance industry. Please visit…
Constitution of Committee for Motor TP Pricing for the year 2019-20
The Authority has decided to constitute a committee to examine matters relating to Motor Third Party pricing and make recommendations on pricing for the year 2019-20. The Committee shall consist…
IRDAI to review Insurance Marketing Rules
The Insurance Regulatory and Development Authority of India (IRDAI) panel to revisit the insurance marketing rules and make necessary recommendations. The concept of allowing marketing firms to solicit or procure…
Long Term cover for vehicles
The IRDAI has asked all companies to issue long-term policies for two wheelers and cars, as a concern for vehicles plying on roads without having third party insurance. All general…
NON-LIFE INSURERS CLOCK 10% GROWTH
As per IRDAI data, the gross premium of non-life insurers increased by 9.6 per cent to Rs 10,515.91 crore in May from the same month a year ago. The non-life insurance firms…
IRDAI probes illegal practices in bancassurance segment
IRDAI is probing illegal practices by some private insurers and their partner banks in bancassurance channels, according to a senior Official. It has come to the IRDAI's notice that some of the insurers…
Electronic Transaction Administration and Settlement System (ETASS)—Co-insurance Module
The General Insurance Council, as you are all aware, has been entrusted with the administration of the Electronic Transaction Administration and Settlement System (ETASS). Recently, the status of implementation of…
IRDAI clarifications on Annual licence fee of Insurance Brokers
To The Principal Officers, All Insurance Brokers,Re : Clarifications on a) Annual licence fee payable by licensed broking entities for the year 2017-18 b) Renewal Fee payable as per Reg 9 of IRDAI (Insurance Brokers…
Exemption on Limits of Expenses of Management
Whereas, M/s Edelweiss General Insurance Company Limited (M/s EGICL) was granted Registration by the Insurance Regulatory and Development Authority of India (the Authority) to conduct general insurance business in India…
Solvency Margin for Crop Insurance business
This circular is issued under the powers granted to the Authority under subsection 2(e) of Section 14 of the IRDA Act, 1999. Reference is drawn to the provisions of Para…