IRDAI may soon allow insurers to use video KYC for verification
The Insurance Regulatory and Development Authority of India (Irdai) may soon allow insurers to leverage various electronic platforms to ensure Read more
KYC
Simpler e-verification for online policies
In a draft exposure released on 2 September, the Insurance Regulatory and Development Authority of India has proposed to make Read more
IRDAI proposes out-sourcing norms for insurance firms
IRDAI has proposed outsourcing norms for insurance companies under which they can take services of individuals for activities like medical Read more
Pre Budget Note: An Opportunity to Transform Life Insurance Industry
Budget 2016 -17 can transform the life insurance industry in the country. Life insurance Companies have played a major role Read more
MFs seek KYC easing, in line with insurance sector
The mutual fund (MF) sector has again indicated that compared to the insurance sector, it is being treated in a step-motherly manner. This time, it is a Budget proposal that has irked officials in the sector. The proposal said a customer could buy an insurance policy if he/she had a bank KYC (know-your-customer). It didn’t include MFs. Read more
Bank KYC enough to buy insurance policies
Finance Minister P Chidambaram in the Budget said the Know Your Customer (KYC) norms of banks will be sufficient to acquire insurance policies. This will be applicable for both life and general insurance policies. Read more
Cell phones as catalyst for an insurance revolution
The Insurance Regulatory and Development Authority (IRDA) estimates that the total life policies in force as of end of March ‘11 is about 25.32 crores. It means that majority of our population has no insurance cover of any kind. A significant section of this population base in vulnerable and there is a need to take life insurance services to them. Read more
IRDA approve regulations for Health Insurance, Investments, Surveyors and Standard Proposal Form
At its 76th meeting convened on 8.2.2013, the Insurance Regulatory and Development Authority has approved four substantive Regulations.
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