Vide Circular Ref. No. lRDA/SDD/MISC/CIR/009/01/2013 dated 21st January 2013, IRDAI issued the extant Insurance Fraud Monitoring Framework to provide regulatory supervision and guidance on the adequacy of measures taken by…
Insurance is a financial safety net that protects individuals and businesses from unforeseen risks and liabilities. While insurance companies offer this valuable service, many people wonder, how do insurance companies…
Surveyors, Loss assessors and Claim adjusters have distinct functions. Clubbing these three categories of functions into one group serviced by the same person/s will not only be prejudicial but also…
(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…
The Finance Ministry has recently declared that the government has amended insurance ombudsman rules and brought insurance brokers within their ambit, allowing policyholders to file online complaints. The amended rules…
1. INTRODUCTION: All the insurance companies have received over hundreds of claims for damage to property in the aftermath of cyclone 'Amphan', which left behind a trail of destruction in…
1. It has been brought to the notice of authority that certain hospitals are denying cashless facility to policyholders for treatment of covid-19. 2. Attention is drawn to the provisions…
Further to Circular Ref: IRDAI/NL/CIR/MOT/079/04/2020 dated 2nd April, 2020, it is hereby informed that the Department of Financial Services, Government of India has issued Notification dated 15th April, 2020 wherein…
Tata AIA Life Insurance, has partnered with Medix, a global company specialising in medical management solutions, to provide TATA AIA customers with access to a local and global network of…
Recently, the Insurance Regulatory and Development Authority of India (Irdai) suspended operations of Reliance Health, a standalone insurer that set up shop only last year. Another insurer, Aviva Life, was…