June 7, 2023
Latest News:
  • Insurance Claim disbursements under PMJJBY shots up 438% in financial year 2022
  • Why is telematic insurance not gaining popularity among car owners?
  • IRDAI Removes the Cap on Commission Payment to Insurance Agents: Is It a Good Move?
  • Tax probes against insurers may go on despite IRDAI’s new commission norms
  • SC sets aside SAT’s order against IRDAI
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IRDA in India

IRDA in India 

DFS firms up Insurance Act amendment proposals

April 12, 2023 admin 92 Views 0 Comments AMENDMENT PROPOSAL, COMPOSITE INSURANCE LICENSE, INSURANCE ACT, IRDAI Act
The much anticipated fresh round of insurance reforms may be round the corner with the Department of Financial Services (DFS) Read more
IRDA in India 

More insurance players, wider range of products key to achieve insurance for all goal by 2047: IRDA Chairman, Debasish Panda

March 31, 2023 admin 95 Views 0 Comments Indian Private Equity, Insurance, INSURANE PLAYRES, IVCA, Venture Capital Association
India needs more number of insurance players, much wider range of products and also more distribution partners to achieve the Read more
IRDA in India 

Insurance moving towards real time coverage

March 30, 2023 admin 66 Views 0 Comments CONVENTIONAL INSURANCE, DATASETS, Insurance industry, technology
The Indian insurance industry is undergoing a transition led by the digital revolution and innovations in the payments sector in Read more
IRDA in India 

Insurance sector needs Rs. 50000crore each year; Insurers need to plough back profit: Panda

February 17, 2023 admin 78 Views 0 Comments Insurance, INSURERS, PANDA, PLOUGH, sector
India’s insurance industry will need to infuse Rs 50,000 crore of capital every year in order to double penetration in Read more
IRDA in India 

Insurers get IRDAI nod for FRN auto-renewal of cross-border reinsurers

February 16, 2023 admin 137 Views 0 Comments FRN, INSURERS, irda, reinsurers, renewal
In order to conduct reinsurance arrangements with Global reinsurers, which do not have an office in India (called “Cross border Read more
IRDA in India 

New General Insurer granted license, more in pipeline

January 10, 2023 admin 114 Views 0 Comments general insurer, granted, license, pipeline
For the first time in five years, the insurance regulator approved registration of Kshema General Insurance as part of measures Read more
IRDA in India 

Insurers to get flexibility in allocating commissions

January 10, 2023 admin 109 Views 0 Comments allocating, commissions, Flexibility, INSURERS
IRDAI said that removal of cap on commission of insurance intermediaries like agents and brokers will make insurance policies more Read more
IRDA in India 

IRDAI endorses panel’s view to cut obligatory cession to zero from 4%

January 10, 2023 admin 276 Views 0 Comments cession, endorses, IRDAI, Obligatory, panels
The committee that recommends the percentage of obligatory cession that general insurers have to cede to state-owned General Insurance Corporation Read more
IRDA in India 

Reinsurers asked to retain 50% of business underwritten in India

January 9, 2023 admin 132 Views 0 Comments business, india, reinsurers, retain, underwritten
IRDAI has, in a revised exposure draft on reinsurance regulations, mandated that Indian reinsurers, including foreign reinsurance branches, have to Read more
IRDA in India 

‘Composite licence’ leads the Centre’s proposals to amend insurance, IRDAI laws

January 9, 2023 admin 127 Views 0 Comments Composite, Insurance, IRDAI laws, licence, proposals
The Centre has proposed several amendments to the Insurance Act and the Insurance Regulatory and Development Authority Act as part Read more
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