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Insurers, customers to benefit from change in policy wordings
April 15, 2024 12:55 am
The latest decision would enable customisation of the policy wordings in accordance with the risk profile, encourage product innovation and meet the larger customer needs.
Govt begins search for IRDAI members in advance
July 17, 2023 12:59 am
The government had selected State Bank of India (SBI) Managing Director Swaminathan Janakiraman as a Deputy Governor of the Reserve Bank of India in June.
IRDAI allows combi products under use-and-file system
June 22, 2023 12:47 am
Combi products will be offered under the use-and-file procedure without the prior nod of the insurance regulator.
IRDAI set to launch single policy covering life, health & property
May 27, 2023 12:08 am
IRDAI is working on the product along with the General Insurance Council and Life Insurance Council, Panda said.
IRDAI removes commission limit for agents: How will it benefit consumers?
March 31, 2023 10:08 pm
The Insurance Regulatory and Development Authority of India's new rule will provide insurance companies greater freedom in offering commissions.
‘To double penetration, insurance sector needs to infuse Rs 50,000 cr per yr’
January 21, 2023 4:34 am
Panda asked insurance companies to come out with more products related to surety bonds where the market is huge.
IRDAI unveils new draft on expenses
November 25, 2022 12:17 am
It has also proposed a revised 30 per cent and 35 per cent caps on EoM for general insurers and standalone health insurers, respectively, after taking into consideration the insurance industry’s views.
Collect data of health professionals from repository: IRDAI to insurers
November 24, 2022 7:07 am
The new system is expected to enable seamless, cashless functioning of outpatient treatment (OPD) across the country.
Provide mental illness cover under health insurance products before October 31: IRDAI
October 19, 2022 11:58 pm
The Mental Health Act, 2017 says that every insurer will have to make provision for medical insurance for treatment of mental illness on the same basis as is available for treatment of physical illness
IRDAI proposes conditions for private equity funds in insurance companies
October 15, 2022 5:01 pm
IRDAI said the equity contribution of promoters and other investors will have a lock-in period of five years at the time of granting the final approval or even before that.
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