IRDAI asks insurers to speed up settlement of flood claims
IRDAI has asked all general insurers and standalone health insurance firms to deploy resources and shrink response-time gaps after the Read more
IRDAI
IRDAI considering managed general agencies in insurance
The insurance industry could see a new set of licences in the form of managed general agencies, or MGAs, as Read more
IRDAI retains mandatory cession of business in favour of GIC Re at 4% for FY24
IRDAI has maintained the status quo on obligatory cession of business for the financial year 2023-24 at 4 per cent Read more
IRDAI moves SC against SAT stay on Sahara Insurance order
IRDAImoved the Supreme Court, challenging the Securities Appellate Tribunal’s decision to stay its order directing Sahara India Life Insurance Company Read more
IRDAI allows combi products under use-and-file system
In a significant move, the IRDAI has allowed insurance companies to launch individual and group ULIPs (unit linked insurance plans) Read more
IRDAI set to issue permits to a dozen insurers
The insurance regulator plans to issue about a dozen licences this year, building on last year’s momentum when three companies Read more
IRDAI to create state insurance plan mirroring SLBCs: Panda
IRDAI is trying to create a state insurance plan in which district potential targets will be aggregated to create plans Read more
IRDAI tweaks some pain points in surety bonds, welcome suggestions
IRDAI chairperson Debasish Panda said the insurance regulator has tried to address some of the “pain points” in relation to Read more
IRDAI pushing to onboard Health Exchange, Bima Sugam by Aug 1
IRDAI is pushing to implement two high tech projects – Health Claims Exchange and Bima Sugam – to deepen insurance Read more
IRDAI challenges stay on Sahara Life Policies’ transfer to SBI Life
The Supreme Court declined immediate hearing on a petition filed by IRDAIchallenging an order of Securities Appellate Tribunal (SAT) staying Read more
