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Monday, December 23, 2024 | 10:47 AM ISTEN Hindi

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Page 7 - Latest Updates on IRDAI

ICICI Prudential Life Insurance set to incorporate Bima Sugam entity

The Bima Trinity comprises Bima Vistaar, Bima Vahak, and Bima Sugam

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Updated On : 05 Dec 2023 | 6:19 PM IST

Irdai sets up 11-member taskforce to examine the impact of DPDP Act

The task force is expected to submit the report within a period of 1 month from the issuance of the order

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Updated On : 28 Nov 2023 | 6:12 PM IST

Insurance claim rejected? A guide for policyholders to seek redress

In case, the complaint is not resolved within two weeks or if you are not satisfied with their resolution, You can directly register your grievance on Bima Bharosa System

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Updated On : 28 Nov 2023 | 10:23 AM IST

Private general insurers expand market share to 53.58% in H1FY24

The non-life industry had underwritten gross direct premium (GDP) of Rs 1,25,194 crore in the April-September period of 2022-23

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Updated On : 26 Nov 2023 | 3:59 PM IST

Mis-selling trap; air purifier basics: Top personal finance stories

Our pick this week explains when you must say no to your relationship manager and what the best purifiers do

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Updated On : 17 Nov 2023 | 10:01 AM IST

Irdai issues exposure draft on EoM for insurers based on RRC suggestions

The exposure draft has upheld and continues to propose a 30 per cent and 35 per cent limit on EoM for general insurers and standalone health insurers, respectively

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Updated On : 15 Nov 2023 | 10:03 PM IST

GIC wants to divert terror insurance money for oil and nuclear risks

India has Rs 15,000 cr in terror risk insurance: Money could be better used

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Updated On : 14 Nov 2023 | 12:58 PM IST

Grassroots insurance

SLBC-like forum could be a useful step

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Updated On : 01 Nov 2023 | 10:29 PM IST

IRDAI constitutes taskforce to review existing Bancassurance framework

In order to achieve this objective and considering the interest of the policyholder, Irdai has set up a taskforce to examine the bancassurance framework

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Updated On : 01 Nov 2023 | 7:24 PM IST

BS BFSI Summit: Irdai considering SLBC-like body, says chairman Panda

At BS BFSI summit 2023, Panda expressed concern on rising cyber and climate-related risks and the need for insurance companies to develop policies that would address those

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Updated On : 31 Oct 2023 | 11:02 PM IST

BS BFSI Summit 2023: 'Technology creating watershed moment in insurance'

IRDAI's chairperson Debasish Panda said there is a need for regulators to embrace innovation and make consumer-centric policies

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Updated On : 31 Oct 2023 | 1:54 PM IST

Insurers to provide details of basic features to customers from Jan 1

The regulator has observed several complaints from policyholders due to the asymmetry of information between insurers and the policyholders

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Updated On : 30 Oct 2023 | 7:18 PM IST

Insurers to provide details of basic features to customers from Jan 1, 2024

"The revised customer information sheet (CIS) shall be implemented with effect from January 1, 2024," the regulators said in a circular to all insurance companies

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Updated On : 30 Oct 2023 | 5:19 PM IST

Irdai excludes retail sector of general insurance from arbitration clause

Following the amendment, the clause will only apply to commercial lines of business

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Updated On : 27 Oct 2023 | 9:26 PM IST

Irdai sets up 12-member committee to simplify insurance policy wordings

This comes in the backdrop of the Irdai's observation that policyholders often find it difficult to understand the terms and conditions in insurance policy contracts

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Updated On : 27 Oct 2023 | 11:43 PM IST

Irdai mandates TP insurance to employees travelling in employer's vehicle

IRDAI added that no additional premium will be charged until further directions are issued

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Updated On : 19 Oct 2023 | 5:18 PM IST

Sikkim floods: IRDAI asks insurers to ensure quick settlement of claims

Insurers have been asked to mobilise all resources to ensure immediate service response, including engaging the services of surveyors, loss adjustors and investigators

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Updated On : 18 Oct 2023 | 9:42 PM IST

BimaKavach receives IRDAI's approval for direct insurance broking

In 2022, the company secured $2 million in funding from WaterBridge Ventures, Blume Ventures, Arali Ventures, and Eximius Ventures

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Updated On : 16 Oct 2023 | 8:14 PM IST

Acquisition of RCap: Hinduja-led IIHL in a fix after setback from Irdai

IIHL had sought approval from insurance regulator for the change in control of the ownership of RGIC and RNLIC and creation of pledge over their shares to raise funds from the investors, source said

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Updated On : 15 Oct 2023 | 10:50 PM IST

Irdai to deploy Bima Vahak in every Gram Panchayat before end of 2024

The objective of Bima Vahak continues to be a women-centric, dedicated distribution channel that will ensure accessibility and availability of insurance in every nook and corner of the country

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Updated On : 09 Oct 2023 | 9:46 PM IST