Insurers may pass on commission costs
Former members of the IRDAI fear that the regulator’s proposal to grant flexibility to insurers on commissions might result in Read more
IRDA in India
IRDAI proposes to make issue of insurance policies in demat form mandatory
Insurance regulator has proposed mandatory issuance of all insurance policies in electronic form. A senior insurance executive confirmed the development Read more
IRDAI pitches for affordable health insurance for all
Insurance regulator made a strong case for reducing expenses to make health insurance affordable for everyone. Addressing the ‘Health Insurance Read more
IRDAI eases NPS regulations
IRDAI has done away with the need to submit a separate proposal form for taking an annuity product from proceeds Read more
IRDAI reduces number of returns to be filed by insurers for health insurance
In order to further cut compliance burden for insurance companies, regulator IRDAI rationalised health insurance business returns reporting norm by Read more
IRDAI plans to dematerialise all Insurance policies
IRDAI has mandated dematerialisation of new insurance policies by this year-end. It has urged all insurance companies to dematerialise their Read more
Proposed 20% cap on agent commission could boost insurance industry
IRDAI proposal to put a lower cap of 20% on commissions and remunerations paid to agents and intermediaries under both Read more
Finance ministry mulls changes in laws to boost insurance penetration in India
The finance ministry is contemplating changes in insurance laws, including reduction in minimum capital requirement, with a view to increasing Read more
Government mulls SFIO-like agency to investigate insurance frauds
The government is considering creating a Serious Fraud Investigation Office (SFIO)-like independent agency for the insurance sector to probe cases Read more
IRDAI mulls introducing portability option
IRDAI may soon come up with a new norm with respect to changing an insurance agent. In order to enhance Read more
