Pursuant to Inspection carried out under provisions of Regulation 24 of IRDAI (TPA-Health Services) Regulations 2016 without prior notice on E-Meditek Insurance TPA Limited (hereafter referred as E-Meditek TPA)' Background:…
This is further to our Circular ref: IRDAI/SDD/MISC/CIR/248/11/2017 dated 8thNovember, 2017 with regard to the Prevention of Money-laundering (Maintenance of Records) (Second Amendment) Rules, 2017 and Circular ref:IRDAI/SDD/CIR/MISC/267/12/2017 dated 18th December, 2017…
In the matter of M/s United India Insurance Company Limited Vs Jai Parkash Tayal (RFA 610/2016 & CM Nos. 45832/2017) Hon’ble High Court of Delhi at New Delhi held that…
Reference is drawn to the revised Guidelines of Insurance Repositories and electronic issuance of insurance policies dt. 29th May 2015. As per guideline No.34 A – other services, the IRs…
Whereas, M/s Acko General Insurance Limited (M/s AGIL) was granted Registration by the Insurance Regulatory and Development Authority of India (the Authority) to conduct general insurance business in India vide…
Life insurance sales in India grew 14% year-on-year to Rs 4.18 lakh crore from Rs 3.66 lakh crore, according to latest data from IRDAI. Non-life insurance saw whopping 31% growth…
Nolife insurers have decided to reduce their premiums in the ‘own damage’ segment by 5-20% for the existing and new customers of private and commercial vehicles as the new regulations…
The Insurance Regulatory and Development Authority of India, has directed all general insurers to sell third-party cover online along with other regular channels. “Insurers shall also liaise with the police…
IRDAI has directed general insurers to ensure easy availability of third party motor insurance cover to vehicle owners, to help states in implementing the Supreme Court order on road safety.…
The total number of life insurance policies sold in India fell in 2016-17 as compared to the previous year but the total coverage increased 14% in value. The total number…