Sources said the regulator is likely to discuss the appointment of a CEO for Bima Sugam
Insurer will be responsible for covering additional charges levied by hospital if the deadline is not met, says IRDAI
Regulator Irdai on Wednesday released a master circular on health insurance specifying that an insurer will have to decide on cashless authorization within one hour of request.
The company will focus on its insurance distribution portfolio, moving away from making insurance products
The process would augment the company's existing sources of revenue and profits as it would deploy its common infrastructure of branch network and feet on street
The approval is subject to certain 'regulatory, statutory, and judicial' clearances/compliances, says IIHL spokesperson
All life insurers shall ensure a minimum percentage of lives in identified and allocated gram panchayat, the master circular on rural, social sector and motor third party obligation said
According to recent general insurance council data, the company had a gross written premium (GWP) of Rs 7,941.1 cr in FY24
Most companies had an internal policy which did not allow them to sell health insurance products to persons of more than 65 years
Insurers have been mandated to offer health policies to individuals with pre-existing medical conditions of any kind
But if you have held it for long, run the numbers; continuing may be prudent
The Ministry of Finance urged these entities to monitor disruptions that could potentially drive up India's export expenses
The regulator has sought clarification regarding equity capital that IIHL, the proposed buyer of insolvent Reliance Capital is willing to put in
Our top stories this week tell you about the pros and cons of using your life policy as collateral and what it takes to be mentally fit
Switch credit card if changes in reward structure do not align with your needs
It's an online platform where customers can choose a suitable scheme from multiple options given by various companies
D-Slls are insurance companies which are perceived as 'too big or too important to fail'(TBTF) based on their size, market importance, and domestic and global interconnectedness
Insurance industry leaders believed that higher surrender values could lead to the premature exit of policyholders from long-term insurance policies
A surrender value in insurance refers to the amount paid by the insurers to the policyholder upon terminating the policy before its maturity date
That there is no flash in the pan has been made clear by the insurance regulator when it announced these changes through a series of gazette notifications on Friday