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A top IRDAI source told Financial Chronicle that the meeting was held in Hyderabad on February 19 and it was attended by 26 chairmen of both life and non-life insurance companies.Metros
IRDAI issues norms on conflict of interest

The person found guilty shall no more be "fit and proper".

11 March 2019 3:20 AM IST

The 12-hour OPD move would have been a first of its kind project and a trial for the Centres larger proposal for 24/7 health care services in government hospitals. (Representational image)Business
Common list of hospitals for govt schemes

The committee is also entrusted with standardisation of data and its exchange

7 March 2019 1:13 AM IST

Following the November 8-9 demonetisation, the government over the weekend asked public sector insurers to provide discounts of up to 10 per cent on the premium amount for general insurance policies and 8 per cent in new life policies of Life Insurance Corporation sold online.Business
Non-life insurers witness 13 per cent rise in premium in FY19

Non-life insurers registered 13 per cent increases in their collective premium income to Rs 1.70 lakh crore in FY19

19 April 2019 1:14 PM IST

Following the November 8-9 demonetisation, the government over the weekend asked public sector insurers to provide discounts of up to 10 per cent on the premium amount for general insurance policies and 8 per cent in new life policies of Life Insurance Corporation sold online.Business
Non-life insurers rue non-revision of premium

The motor segment is the largest portfolio for the general insurance business.

16 April 2019 3:02 AM IST

At every stage of the claim processing timely notifications shall be sent to policyholder or claimant.Business
From July, policyholders can track progress of claims

Insurers have to update claimants of processing status.

11 April 2019 1:06 AM IST

Insurance penetration in the country was 3.4 per cent in 2015 against the world average of 6.2 per cent.Business
Irdai asks insurers to share status of claims with policyholders from...

Insurers need to adopt a clear and transparent communication policy to protect the interest of policyholders.

10 April 2019 3:16 PM IST

Insurance penetration in the country was 3.4 per cent in 2015 against the world average of 6.2 per cent.Business
Soon, you may have the option to settle insurance claims in...

Insurance Regulatory and Development Authority of India had set up a working group to study a proposal in this regard.

7 April 2019 3:00 PM IST

A top IRDAI source told Financial Chronicle that the meeting was held in Hyderabad on February 19 and it was attended by 26 chairmen of both life and non-life insurance companies.Business
11 cross-border reinsurers allowed to do business in India

Apart from the domestic reinsurer GIC Re, a few international reinsurers operate in the country by opening their...

6 April 2019 1:43 AM IST

The IAI was formed in 2006, and thereafter it became a statutory body under an Act of Parliament, on the lines of ICAI, ICSI and ICWAI. The IAI conducts exams for actuaries. It also trains actuaries.Business
Number of actuaries to touch 480 in FY19

The Institute of Actuaries of India (IAI) estimates that the number of qualified actuaries will reach 480 by this...

28 May 2019 1:59 AM IST

Health insurance is not just another tax-saving header. It is a necessity. If you are without a health cover today, you are taking a risk. A sudden hospitalisation can be potentially worth lakhs of rupees.Business
Proposal to raise third party premiums

In the case of electric private cars and electric two-wheelers, a discount of 15 per cent has been proposed in the TP...

21 May 2019 2:26 AM IST

After the selection of Member (Non-life), the Insurance Regulatory and Development Authority of India (IRDAI) is all set to appoint the Member (Life) soon.Business
Two in race for key Irdai post

According to a Finance Ministry source, eight candidates appeared for the interview for the post.

10 May 2019 4:21 AM IST

Effective September 1, motor vehicle owners would be able to buy a standalone annual \own damage\ cover. This will be applicable for cars and two-wheelers, both old and new, insurance regulator IRDAI said.Business
Buying car, bike insurance to be affordable from September

In an order last year the Supreme Court had instructed insurers to provide long-term, three-year motor third party...

24 Jun 2019 9:07 AM IST

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