Insurance Regulatory and Development Authority of India
Insurance Regulatory and Development Authority of India.
IRDAI unveils major life insurance reforms
Key changes focus on clarity, alternative options, and reinforced governance.
IRDAI unveils major life insurance reforms
Key changes focus on clarity, alternative options, and reinforced governance.
Insurers to expedite claims, IRDAI mandates senior liaisons
Insurers are advised to publicise contact details of liasons for better assistance.
India repeals 55 health insurance documents
On a good note, policyholders gain more product choices.
Paytm withdraws application for general insurance licence
Its decision will save the company INR950 crores.
IRDAI sets rural coverage mandates for insurers
Coverage providers must offer a minimum level of protection in villages.
IRDAI explores improved insurance distribution methods
Participants discussed industry readiness for transitioning to Risk-Based Supervision and Capital frameworks.
IRDAI removes age cap for health insurance: Report
Other improvements have also been made to India’s healthcare system.
New reinsurance guidelines spotlight Indian insurers' capital management
The IRDAI is actively considering introducing collaterals within the Indian insurance industry.
IRDAI modifies master circular on unclaimed amounts of policyholders
The IRDAI reminded insurers to make better efforts in terms of payment of dues.
IRDAI overhauls regulations for Indian insurers, prioritising business ease
A committee has been placed to form recommendations to the IRDAI.
IRDAI grants operating license to new insurer, breaks 5-year grap since last entrant
Notably, this is the fifth registration granted by the IRDAI across the industry in approximately the last year.
IRDAI assembles taskforce for bancassurance
The share of banks as corporate agents was 5.93% of non-life insurance and 17.44% of new business premiums in 2022-23.
Bangladesh’s general insurance industry to see 8.8% CAGR in 2027: GlobalData
Its gross written premiums will reach $809m by 2027.
IRDAI to improve insurance accessibility in 'every nook and corner' of India
The regulator wants to ensure that each area has a dedicated "vahak" to sell and service straightforward insurance products.
India sets open house for insurtechs, fintechs to collaborate
This will be held every 15th day of the month.
Indian insurers urged to widen scope of cyber insurance
The IRDAI said that standardisation of policy wording is not desirable at this juncture.
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