IRDAI issues guidelines for trade credit insurance products
IRDAI has recently issued draft guidelines for general insurance companies to come up with trade credit insurance products with customised Read more
guidelines
IRDAI unveils guidelines to allow wellness features as add-on cover to health policies
The Insurance Regulatory and Development Authority of India (Irdai) has unveiled the final guidelines on allowing wellness and preventive features Read more
IRDAI squeezes norms for insurance IPOs
Insurance Regulatory and Development Authority of India (IRDAI) will make certain changes to its guidelines for facilitating insurance companies to Read more
Supervision of insurance market conduct by IRDA in India
The test of good conduct of business by insurers is whether policyholders are treated fairly both before the contract is entered into and throughout the lifecycle of the insurance policy, until all obligations under the contract have been satisfied. From the regulatory perspective, the pre-requisite is a proper framework including relevant laws, rules, regulations, guidelines etc., within which the insurers and intermediaries operate.
Read moreSBI Life Insurance told to distribute excess payments to policyholders
Insurance sector regulator IRDA has directed SBI Life Insurance Company to distribute the “wrongful” component of administrative charges it paid as reimbursement of group expenses to commission agents to the members or beneficiaries of the concerned policies. Read more