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Saturday, October 16, 2021

Irdai

IRDAI NEWS

New trade credit cover to free up India Inc capital

September 14, 2021 4:16 am

Moreover, corporates will now be able to free up capital and invest in businesses as trade credit insurance policy will enable them to monetize the account receivables, experts said.

Surety insurance cover limit set at 30% of project value: IRDAI

September 11, 2021 1:00 am

The guidelines once approved and implemented promise to address the high funding requirement for construction and infra companies.

Race for top Irdai post: Bureaucrats, insurers in the fray

June 21, 2021 1:15 am

Not surprisingly, from within Irdai, TR Alamelu, Member, Non-life, and K Ganesh, Member, Life, have put in their applications though they are in the rank of additional secretary.

Delhi: To tackle unpaid fines, traffic police suggests cancelling licence, registration

January 25, 2021 3:22 am

Data from Traffic Police shows that 82,17,692 notices were issued by speed cameras, 18,03,293 challans by red light violation detection cameras and 16,92,308 for other violations in the last year. However, the amount received in fines last year was Rs 1,24,17,23,000 as compared to Rs 94,08,03,900 in 2019.

Launch uniform life policy: Irdai to insurance cos

October 16, 2020 9:44 am

The product will have the same features, benefits, inclusions and exclusions across all life insurers though the prices may differ.

IRDAI asks life insurers to launch 'Saral Jeevan Bima' scheme by Jan 1

October 15, 2020 5:26 pm

The Saral Jeevan Bima will be a pure term life insurance product that can be purchased by people in the age group of 18 to 65 years and will have a policy term of 4 to 40 years, guidelines issued by the Insurance Regulatory and Development Authority of India (IRDAI) said.

Motor insurance business hits the slow lane in Apr-Aug due to relaxation in law, Covid

September 27, 2020 12:54 am

According to data released by Irdai, total motor business premium fell to Rs 22,253 crore in the five months ended August 31, 2020 from Rs 26,406 crore in the year-ago period.

Irdai lists LIC, GIC Re, New India as ‘too big to fail’, need enhanced supervision

September 26, 2020 1:31 am

The regulator’s move has come ahead of the government plan to list the shares of LIC on the stock exchanges through an initial public offering (IPO) next year. GIC Re and New India are already listed on the exchanges.

Irdai committee proposes insurance for drones in line with aviation liability

September 20, 2020 12:49 am

The Irdai committee has said drone insurance coverage can be broken into three sets — physical damage or loss to drone due to various contingencies, third party liability arising due to usage of drone and any additional coverages.

Irdai unveils guidelines to allow wellness features as add-on cover to health policies

September 05, 2020 1:08 am

According to Irdai, empanelled hospitals and network providers can offer health services such as outpatient consultations or treatments, pharmaceuticals, health check-ups/diagnostics including discounts under the policy.