Key Developments Covrzy, a Bengaluru-based insurtech startup, operating under Bizcovr Insurance Broking Private Limited, has secured a direct broking (general) license from the Insurance Regulatory and Development Authority of India…
On examination of the data on Unclaimed Annuity amount lying with the Life Insurers, it is observed that most of the amounts under unclaimed accumulated/vested amounts for purchasing annuity are…
Considering the importance of standardization in health insurance and to enhance transparency and uniformity the Authority had from time to time issued guidelines on standardization such as; standardization of terminology…
1. Vide Para 6(10) of the above referred circular, insurers were advised to disclose the amounts transferred to the Senior Citizens' Welfare Fund (SCWF) as contingent liability as a part…
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…
The new distribution channel of Insurance Marketing Firm (IMF) was introduced in 2015 by IRDAI, with the objective of increasing insurance penetration in the country through an area-wise registration approach.…
The Authority is in receipt of requests from the insurers for availing the services of Panel Actuary, in particular, for the purpose of valuation of Actuarial Liabilities of the insurer…
Dr. Subhash C. Khuntia has taken charge as Chairman of the Insurance Regulatory and Development Authority of India today. A Karnataka Cadre IAS officer of 1981 Batch, Dr. Khuntia has…
This is to bring your kind attention to the Regulation 5 of IRDAI (Registration and Operations of Branch Offices of Foreign Reinsurers other than Lloyd’s) (First Amendment) Regulations, 2016 dated…
Mr. Pravin Kutumbe assumed charge as Member (Finance & Investment) in Insurance Regulatory and Development Authority of India (IRDAI) on 12th March 2018. Prior to joining IRDAI, he was Executive…