IRDA in India IRDAI retains mandatory cession of business in favour of GIC Re at 4% for FY24 August 31, 2023 admin 281 Views 0 Comments ICICI LOMBARD GENERAL INSURANCE, IRDAI, mandatory cession, obligatory cession, Private General Insurers IRDAI has maintained the status quo on obligatory cession of business for the financial year 2023-24 at 4 per cent Read more
IRDA in India IRDAI moves SC against SAT stay on Sahara Insurance order August 29, 2023 admin 211 Views 0 Comments IRDAI, sahara india life insurance, Sahara Insurance order, Supreme Court IRDAImoved the Supreme Court, challenging the Securities Appellate Tribunal’s decision to stay its order directing Sahara India Life Insurance Company Read more
IRDA in India IRDAI allows combi products under use-and-file system August 29, 2023 admin 257 Views 0 Comments insurance regulator, IRDAI, Segregated Fund Identification Number (SFIN), ULIPs (unit linked insurance plans) In a significant move, the IRDAI has allowed insurance companies to launch individual and group ULIPs (unit linked insurance plans) Read more
IRDA in India IRDAI set to issue permits to a dozen insurers July 25, 2023July 25, 2023 admin 172 Views 0 Comments dozen insurers, insurance licences, IRDAI, life segments, non-life segments The insurance regulator plans to issue about a dozen licences this year, building on last year’s momentum when three companies Read more
IRDA in India IRDAI to create state insurance plan mirroring SLBCs: Panda July 25, 2023 admin 179 Views 0 Comments insurance products, IRDAI, IRDAI Chairman, state insurance plan, State Level Bankers’ Committee (SLBC) IRDAI is trying to create a state insurance plan in which district potential targets will be aggregated to create plans Read more
IRDA in India IRDAI tweaks some pain points in surety bonds, welcome suggestions July 25, 2023 admin 178 Views 0 Comments IRDAI, pain points, retrospective effect, surety bond insurance, Surety Bonds IRDAI chairperson Debasish Panda said the insurance regulator has tried to address some of the “pain points” in relation to Read more
IRDA in India IRDAI pushing to onboard Health Exchange, Bima Sugam by Aug 1 July 22, 2023 admin 261 Views 0 Comments Bima Sugam, General Insurance industry, Health Exchange, IRDAI, onboard Health Exchange IRDAI is pushing to implement two high tech projects – Health Claims Exchange and Bima Sugam – to deepen insurance Read more
IRDA in India IRDAI challenges stay on Sahara Life Policies’ transfer to SBI Life July 22, 2023 admin 126 Views 0 Comments IRDAI, Sahara India Life Insurance Company (SILIC), Sahara Life Policies, SBI LIFE, Securities Appellate Tribunal (SAT) The Supreme Court declined immediate hearing on a petition filed by IRDAIchallenging an order of Securities Appellate Tribunal (SAT) staying Read more
IRDA in India IRDAI asks insurers to create ABHA IDs for policy seekers July 21, 2023 admin 164 Views 0 Comments Ayushman Bharat Digital Mission (ABDM), Ayushman Bharat Health Account (ABHA), chief general manager (health), IRDAI, National Health Authority (NHA) IRDAIhas directed insurers to create Ayushman Bharat Health Account (ABHA) IDs, the 14-digit unique identifiers to be issued to all Read more
IRDA in India IRDAI set to launch single policy covering life, health & property July 20, 2023 admin 229 Views 0 Comments Bima Trinity, General Insurance Council, health & property, IRDAI, Life, Life Insurance Council IRDAIis looking to launch a bundled product which will provide life, health, casualty and property cover in a single insurance Read more