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Madras High Court Withdraws Order On Bumper-To-Bumper Insurance
Madras High Court has withdrawn its earlier order directing insurance companies to ensure bumper-to-bumper insurance for 5 years for new vehicles sold from September 1, 2021, after IRDA, others submitted it was impossible to implement the directive.
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Insurance Regulator's Reply Sought As Firm Doesn't Pay Full For Covid Death
The Delhi High Court has sought responses of the Delhi government and the Insurance Regulatory and Development Authority (IRDA) on a plea by a woman and her two children challenging an insurance firm's decision not to pay the entire insured amount on
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"Many Won't Get Insurance Benefit Due To Lack Of Hospitalisation": Court
The Delhi High Court on Thursday said a large number of COVID-19 infected people would not be able to get insurance benefit as they could not secure a hospital bed due to the dearth of medical infrastructure and asked IRDA to look into the issue.
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Top Court Sends Notice To Centre On Plea Over Mental Health Law
The Supreme Court Tuesday sought response from the Centre and the Insurance Regulatory Development Authority (IRDA) on a plea alleging violation of provisions of Mental health law, which deals with right to equality and non-discrimination.
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IRDAI Withdraws Long-Term Motor Vehicle Insurance Package Cover For New Cars & Two-Wheelers
The Insurance Regulatory and Development Authority of India (IRDAI) on Monday officially released a circular mentioning the withdrawal of long-term motor insurance package plans including 3rd party insurance as well as own damage. This will come into effect from August 1, 2020. The insurance regulator decided to withdraw the long-term insurance pac...
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Soon Your Driving Habits Could Determine Your Vehicle Insurance Cost
Motor insurance premium in future may be determined through black box-based real-time monitoring of driving habits, vehicle usage and even distances covered, as per a proposal mooted by regulator Irda.
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Cabinet likely to approve pension, insurance bills: 10-point cheat sheet
The government is all set for its next round of big-ticket reforms; the Cabinet is expected to approve a proposal today to hike the cap on Foreign Direct Investment (FDI) in the insurance sector from 26 per cent to 49 per cent and to open up the pension sector to FDI. If okayed, these will be brought in Parliament in the Winter Session in December ...
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LIC launches Endowment Plus Policy
Life Insurance Corporation of India has introduced its ULIP plan under the new IRDA regime, following the launch of its Pension Plus which is the first Unit-linked Pension Plan under the new regime. Endowment Plus is LIC's 16th plan approved and the Corporation's performance in all the ULIP plans to date has been commendable. Most of its policy hol...
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ULIPs are insurance products: Govt
The government on Saturday ended a two-month long turf war between insurance regulator IRDA and capital market watchdog SEBI, saying Unit Linked Insurance Products will be regulated by IRDA.
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IRDA issues norms to check terror funding
Insurance regulator IRDA has asked insurance companies to cease the policies of persons whose identity matches the profile of those listed in the UN list of terrorists.
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Madras High Court Withdraws Order On Bumper-To-Bumper Insurance
Madras High Court has withdrawn its earlier order directing insurance companies to ensure bumper-to-bumper insurance for 5 years for new vehicles sold from September 1, 2021, after IRDA, others submitted it was impossible to implement the directive.
-
Insurance Regulator's Reply Sought As Firm Doesn't Pay Full For Covid Death
The Delhi High Court has sought responses of the Delhi government and the Insurance Regulatory and Development Authority (IRDA) on a plea by a woman and her two children challenging an insurance firm's decision not to pay the entire insured amount on
-
"Many Won't Get Insurance Benefit Due To Lack Of Hospitalisation": Court
The Delhi High Court on Thursday said a large number of COVID-19 infected people would not be able to get insurance benefit as they could not secure a hospital bed due to the dearth of medical infrastructure and asked IRDA to look into the issue.
-
Top Court Sends Notice To Centre On Plea Over Mental Health Law
The Supreme Court Tuesday sought response from the Centre and the Insurance Regulatory Development Authority (IRDA) on a plea alleging violation of provisions of Mental health law, which deals with right to equality and non-discrimination.
-
IRDAI Withdraws Long-Term Motor Vehicle Insurance Package Cover For New Cars & Two-Wheelers
The Insurance Regulatory and Development Authority of India (IRDAI) on Monday officially released a circular mentioning the withdrawal of long-term motor insurance package plans including 3rd party insurance as well as own damage. This will come into effect from August 1, 2020. The insurance regulator decided to withdraw the long-term insurance pac...
-
Soon Your Driving Habits Could Determine Your Vehicle Insurance Cost
Motor insurance premium in future may be determined through black box-based real-time monitoring of driving habits, vehicle usage and even distances covered, as per a proposal mooted by regulator Irda.
-
Cabinet likely to approve pension, insurance bills: 10-point cheat sheet
The government is all set for its next round of big-ticket reforms; the Cabinet is expected to approve a proposal today to hike the cap on Foreign Direct Investment (FDI) in the insurance sector from 26 per cent to 49 per cent and to open up the pension sector to FDI. If okayed, these will be brought in Parliament in the Winter Session in December ...
-
LIC launches Endowment Plus Policy
Life Insurance Corporation of India has introduced its ULIP plan under the new IRDA regime, following the launch of its Pension Plus which is the first Unit-linked Pension Plan under the new regime. Endowment Plus is LIC's 16th plan approved and the Corporation's performance in all the ULIP plans to date has been commendable. Most of its policy hol...
-
ULIPs are insurance products: Govt
The government on Saturday ended a two-month long turf war between insurance regulator IRDA and capital market watchdog SEBI, saying Unit Linked Insurance Products will be regulated by IRDA.
-
IRDA issues norms to check terror funding
Insurance regulator IRDA has asked insurance companies to cease the policies of persons whose identity matches the profile of those listed in the UN list of terrorists.
