IRDA in India IRDAI to create state insurance plan mirroring SLBCs: Panda July 25, 2023 admin 184 Views 0 Comments insurance products, IRDAI, IRDAI Chairman, state insurance plan, State Level Bankers’ Committee (SLBC) IRDAI is trying to create a state insurance plan in which district potential targets will be aggregated to create plans Read more
IRDA in India IRDAI tweaks some pain points in surety bonds, welcome suggestions July 25, 2023 admin 183 Views 0 Comments IRDAI, pain points, retrospective effect, surety bond insurance, Surety Bonds IRDAI chairperson Debasish Panda said the insurance regulator has tried to address some of the “pain points” in relation to Read more
IRDA in India IRDAI pushing to onboard Health Exchange, Bima Sugam by Aug 1 July 22, 2023 admin 268 Views 0 Comments Bima Sugam, General Insurance industry, Health Exchange, IRDAI, onboard Health Exchange IRDAI is pushing to implement two high tech projects – Health Claims Exchange and Bima Sugam – to deepen insurance Read more
IRDA in India IRDAI challenges stay on Sahara Life Policies’ transfer to SBI Life July 22, 2023 admin 131 Views 0 Comments IRDAI, Sahara India Life Insurance Company (SILIC), Sahara Life Policies, SBI LIFE, Securities Appellate Tribunal (SAT) The Supreme Court declined immediate hearing on a petition filed by IRDAIchallenging an order of Securities Appellate Tribunal (SAT) staying Read more
IRDA in India IRDAI asks insurers to create ABHA IDs for policy seekers July 21, 2023 admin 169 Views 0 Comments Ayushman Bharat Digital Mission (ABDM), Ayushman Bharat Health Account (ABHA), chief general manager (health), IRDAI, National Health Authority (NHA) IRDAIhas directed insurers to create Ayushman Bharat Health Account (ABHA) IDs, the 14-digit unique identifiers to be issued to all Read more
IRDA in India Developing reinsurance hub in India July 21, 2023 admin 162 Views 0 Comments Developing reinsurance hub, different geographies and strata, global reinsurance hub, insurance companies IRDAI is working towards making India a global reinsurance hub, Chairman Debasish Panda said. The IFSC Gift City in Gandhinagar Read more
IRDA in India IRDAI set to launch single policy covering life, health & property July 20, 2023 admin 235 Views 0 Comments Bima Trinity, General Insurance Council, health & property, IRDAI, Life, Life Insurance Council IRDAIis looking to launch a bundled product which will provide life, health, casualty and property cover in a single insurance Read more
IRDA in India Insurance brokers remain critical despite tech: IRDAI July 20, 2023 admin 184 Views 0 Comments Bima Sugam, instant insurance policy, insurance brokers, IRDAI, THE INSURANCE REGULATOR The insurance regulator has asked intermediaries to develop hybrid and niche customer service platforms for purchasing insurance. The call for Read more
IRDA in India IRDAI directs insurers to fast-track claim process due to Biparjoy July 19, 2023 admin 215 Views 0 Comments directs insurers, fast-track claim process, general insurance companies, IRDAI, standalone health insurance companies IRDAIhas asked insurers to settle claims in the states affected by cyclone Biparjoy in an expeditious manner. In a circular Read more
IRDA in India Centre mulls rule changes to boost insurance sector July 19, 2023July 19, 2023 admin 149 Views 0 Comments bolster insurance penetration, boost insurance sector, IRDAI, nation’s insurance sector India is considering rule changes to bolster insurance penetration in the country as more companies, including foreigners, line up to Read more