Online resource centre on insurance for magazine, books, training, articles and news on insurance
As per the Authority’s order no. IRDA/NL/NTFN/MOTP/066/04/2011 dated 15th April 2011, the Authority would review and adjust the premium rates for motor third party insurance covers annually based on the formula as given hereunder: Read more
All stakeholders are requested to review the attached exposure draft and forward their view/ Comments to the following address within 30 days. Read more
Health insurance addresses a major area of public concern. Although it is rapidly growing sector, access to health insurance still remains limited and add to it complaints, especially due to variable interpretations of key policy terms, are enormous. Read more
Surveyors and Loss Assessors (S&LAs) play an important role in assessment of losses arising out of a contingency insured under a policy of general insurance. Further, SLAs are necessary under Section 64UM of the Insurance Act, 1938, which requires that a duly licensed SLA has to submit a report in respect of any claim where the loss is over Rs.20,000 in value, on a policy issued by any of the non-life insurers registered with IRDA.
Read moreOn reviewing the existing Regulatory procedure in vogue for according approvals to insurers for opening various places of Business in accordance to the provisions of Section 64 VC of Insurance Act, 1938, the Authority proposes to put in place regulations on the matter . Accordingly, an exposure draft on Insurance Regulatory and Development Authority (Places of Business) Regulations, 2012 is issued for deliberations on the subject. Read more