Insurance Regulatory And Development Authority

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  India Plans Health Insurance Changes To Bring Down Medical Costs: What To Expect

  India is considering health insurance reforms including standardised treatment rates and a common insurance product to increase transparency and reduce disputes.

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  IRDAI Issues Show Cause Notice To Religare Enterprises Subsidiary

  Religare Enterprises' subsidiary said it will furnish its reply to the show-cause notice along with the supporting documents.

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  IRDAI Issues Show Cause Notice To Religare Enterprises Subsidiary

  Religare Enterprises' subsidiary said it will furnish its reply to the show-cause notice along with the supporting documents.

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  People Above 65 Can Also Buy Health Insurance Now

  The Insurance Regulatory and Development Authority of India (IRDAI) has removed the age cap on buying health insurance policies, effective from April 1, 2024.

• Insurance regulator seeks expert to streamline processes

  The Insurance Regulatory and Development Authority (Irda) is seeking an information technology consultant to help it to streamline processes and lower the cost of compliance.

• Despite Losses, Insurance Industry Attracts Investments: Regulator

  The insurance industry is still attractive to many investors even though many players are still making losses and the sector needs lots of trained personnel to cope up with growth, the Insurance Regulatory and Development Authority said on Wednesday.

• J&K Claims: Insurance Regulator Ups Limit of Loss Required to be Surveyed

  The Insurance Regulatory and Development Authority has raised the limit of losses required to be surveyed for settlement of claims in flood-hit Jammu & Kashmir to Rs 50,000 from Rs 20,000 earlier.

• Irda Panel Favours 49 Per Cent FDI in Insurance Intermediaries: Report

  An internal committee of the Insurance Regulatory and Development Authority (Irda) has recommended hiking foreign direct investment (FDI) in all insurance sector intermediaries like brokers, surveyors, third-party administrators (TPAs) and web aggregators to 49 per cent from the current 26 per cent.

• Insurance Regulator to Align Corporate Governance, Disclosure Norms With Companies Act

  The Insurance Regulatory and Development Authority of India (IRDA) has said it will align its corporate governance and disclosure norms in accordance with the new Companies Act, 2013. It has also set up a 12-member committee under its member R K Nair for the same.

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  Cabinet Approves 49% FDI in Insurance

  Barring the public sector insurance companies, all other insurance companies would benefit from higher FDI cap.

• Regulator Fines Sahara India Life Insurance for Violating Norms

  The Insurance Regulatory and Development Authority (Irda) has imposed a penalty of Rs 5 lakh on Sahara India Life Insurance Company Ltd for non-compliance of social sector obligations in 2012-13.

• Insurers' Websites to Give Unclaimed Amount Details of Customers

  IRDA also said insurance companies should provide a facility in the website to enable policyholders or dependents to find out if any unclaimed amount due are lying with the insurer.

• Insurers In A Bind Over Mandatory Customer Bank Account Details: Report

  Life insurers including state-run behemoth Life Insurance Corporation (LIC) are finding themselves in a tricky situation over a new regulatory requirement of mandatorily seeking customer bank account details at the time of new policy sales, as premium collection also happens in cash in many cases.

• Non-Life Premium Income Rises 6.7% to Rs 8,421 Crore in April

  Privately-owned companies in the segment saw their premium rising by 4.77 per cent in April to Rs 3,818.93 crore, Insurance Regulatory and Development Authority (Irda) said in the release.

• Reserve Bank Allows FPIs, NRIs to Invest up to 26 Per Cent in Insurance

  The Reserve Bank of India (RBI) on Thursday said overseas investors, including foreign portfolio investors (FPIs) and non-resident Indians (NRIs), can invest up to 26 per cent in insurance and allied activities through the automatic route.