Clarifications on Guidelines on insurance e-commerce and electronic issuance of insurance policies The Authority as part of its developmental mandate and to reach out to the policyholders in a cost…
(i) Non-participation/ unsatisfactory participation of certain insurance companies in Lok Adalats/MACT (ii) Servicing of policy holders. This is issued in accordance with the power vested under Section 34 of Insurance…
Clarification on Aadhaar based e-KYC 1. Authority vide circular dated 21st October, 2013 and AML Master Circular dated 28th September, 2015 allowed Aadhaar based e-KYC service offered by UIDAI for…
IRDAI is examining the possibility of allowing private equity (PE) firms to buy stakes in Insurance Companies. A decision on this is likely to be taken in a month's time.…
1. The landslides in Wayanad, Kerala (July, 2024) are reported to have caused widespread loss to human lives, property (homes and businesses) and infrastructure. 2. All Insurance Companies are advised…
The "Insurance for All" Vision Meet, hosted by insurance councils over two days on August 23rd and 24th, 2024, in Mumbai, was a pivotal event aimed at laying the groundwork…
A Comprehensive Framework for Policyholder Rights and Transparent Claims Process The Insurance Regulatory and Development Authority of India (IRDAI) has recently released a master circular to strengthen the protection of…
It may be recalled that the creation of the database started with the issuance of Point of Sales person guidelines. The purpose was to check deduplication of POS enrolled by…
1. The Authority, in order to prepare the insurance industry for Implementation of Ind AS and to provide suitable guidelines wherever required, had constituted an Implementation Group vide Order reference…
As you are aware that the Authority has notified the IRDAI (Issuance of e-Insurance Policies) Regulations, 2016 dated 13thJune, 2016. In order to seek the status of compliance to the…