The Life Insurance Council has elected its first Executive Committee. The Executive Committee will have one representative each from Life Insurance Corporation of India (LIC), Reliance Life Insurance, Bharti…
With the growing demand of technology-based changes to make crop insurance full proof the regulator has sent communication to the State Governments of Madhya Pradesh and Punjab to launch…
The Insurance Regulatory and Development Authority of India has put norms against forced selling of insurance policies by banks. In a recent meeting, IRDAI decided to seek an undertaking…
The IRDAI is set to bring out a number of new rules to conform to the New Insurance Act which will be implemented from as early as December 2015. The…
Senior executives of private insurance companies, bureaucrats and officials of IRDAI can now apply for the post of Chairman and Managing Director in public sector general insurance companies keeping…
A committee constituted by the IRDAI in its draft plan, has suggested a health savings product to extend the reach of health insurance in the country. Currently, anyone who…
The IRDAI has imposed a penalty of Rs.50 lakh on Future Generali Life Insurance Company against 34 charges on a variety of aspects related to business. It has…
The government is considering exempting insurance intermediaries, including brokers, from the FDI limit. The insurance regulator had at some point decided to apply the limits applicable to insurance firms…
The Irdai had recently notified that in health insurance policies with co-payment or the deductible conditions, the insurer or the third party administrator (TPA) should ensure that the co-payment…
The proposed corporate agency norms that authorizes the banks to sell a specified percentage of insurance policies of other companies is likely to be liberalized by the regulator. Earlier,…