IRDA in India IRDAI plans committee to create Bima Sugam platform, to appoint project consultant October 20, 2023October 20, 2023 admin 218 Views 0 Comments Bima Sugam, IRDAI, Project, steering committee IRDAI has formed a steering committee, which will act as the apex decision making body for creation of its ambitious Read more
IRDA in India IRDAI lowers minimum capital need for foreign reinsurers to Rs. 50 crore October 19, 2023 admin 165 Views 0 Comments Foreign Reinsurance Business, Foreign Reinsurers, global insurance hub, IRDAI IRDAI has chosen to lower the minimum capital requirement for Foreign Reinsurance Business (FRBs) to Rs 50 crore from Rs Read more
IRDA in India IRDAI enables additional options for withdrawn life cover products October 19, 2023 admin 160 Views 0 Comments IRDAI, life insurance, policyholders, products IRDAI introduced new measures allowing more choices and benefits for policyholders with withdrawn life insurance products. Effective immediately, the new Read more
IRDA in India Need specialised insurance products for disabled individuals, says IRDAI October 18, 2023 admin 148 Views 0 Comments global insurance, individuals, insurance products, IRDAI There is a need to design special insurance products for disabled citizens to bring India at par with developed countries Read more
IRDA in India IRDAI plans women-led distribution force for rural October 18, 2023 admin 173 Views 0 Comments IRDAI, plans, rural, women-led To boost insurance coverage in the rural areas, the IRDAI is working on a women-led localized distribution force called Bima Read more
IRDA in India IRDAI sets up committee on cyber security October 17, 2023October 17, 2023 admin 130 Views 0 Comments committee, CYBER, Cyber security, IRDAI IRDAI has set up an inter-disciplinary standing committee on cyber security. The committee is expected to regularly review the threats Read more
IRDA in India Finance Ministry seeks IRDAI member applications October 17, 2023 admin 145 Views 0 Comments Finance ministry, IRDAI, IRDAI member The finance ministry has invited applications for the post of Whole Time Member (Distribution) at insurance regulator IRDAI. The applicant Read more
General Insurance News Non-life insurers’ premium falls 3.7% in August after 10 months of growth October 13, 2023October 13, 2023 admin 143 Views 0 Comments health, motor insurance, Non-life insurers, premium Non-life insurance companies’ premium fell 3.7 per cent on-year in August, after rising for 10 straight months, led by a Read more
General Insurance News Agri Insurer Kshema looks to double its premium by this fiscal end October 13, 2023 admin 196 Views 0 Comments Agri Insurer Kshema, COMPANY, Kshema General Insurance, premium Kshema General Insurance is looking to double its premium income from insuring farm activities.The company aims to double the premium Read more
General Insurance News PSU general insurers’ share of premium below a third of industry October 12, 2023 admin 173 Views 0 Comments current fiscal, General Insurance Council, health Insurers, PSU general insurers For the first time, PSU General Insurers account for less than a third of the industry premium at 32.5 Read more