Home » Insurance Regulatory and...

You Searched For "Insurance Regulatory and Development Authority of India (IRDAI)"

High Distributor Commissions Attract IRDAI’s Ire

High Distributor Commissions Attract IRDAI’s Ire

Regulator warns insurers over soaring agent commissions in health and motor insurance, urging them to pass savings to...

4 March 2025 3:51 PM

Life Insurers Terminated Nearly 7 Lakh Agents in FY24

Life Insurers Terminated Nearly 7 Lakh Agents in FY24

Despite high commissions, thousands of agents failed to meet minimum requirements, leading to widespread exits in...

2 March 2025 3:33 PM

IRDAI Sets Up Panel to Review Insurance Act Amendments

IRDAI Sets Up Panel to Review Insurance Act Amendments

The various amendments proposed include raising foreign direct investment (FDI) in the insurance sector to 100 per cent,...

19 Feb 2025 2:36 PM

The Insurance Surveyors and Loss Assessors Regulations 2019 has proposed to increase the limits of self-assessment of damage up to Rs 75,000 in case of motor accidents claims from the current limit of Rs 50,000.

Standoff between hospitals & insurers result in lower cashless...

Cashless claims settled up 58% in FY24 from 56%in FY23

29 Jan 2025 12:06 PM

Non-Life Insurance Claims Ratio Drops to 82.52 Percent

Non-Life Insurance Claims Ratio Drops to 82.52 Percent

New Delhi: Net incurred claims to net earned premium, known as claims ratio of non-life insurance industry stood at...

23 Dec 2024 6:53 PM

Bima Sugam Platform May Curb Mis-Selling Says IRDAI Chief

Bima Sugam Platform May Curb Mis-Selling Says IRDAI Chief

Mumbai: A day after Finance Minister Nirmala Sitharaman flagged mis-selling of insurance products by banks, the...

19 Nov 2024 4:28 PM

Untangling mental health policy knots

Hyderabad Chronicle

Untangling mental health policy knots

IRDAI has made mental health coverage mandatory in insurance policies, but patients complain there are loopholes in some...

4 Jun 2024 6:30 PM

The Insurance Regulatory and Development Authority of India (IRDAI) and the General Insurance Council would be formally announcing the nationwide common cashless hospital network in a press conference on January 24. (Representational Image: Flickr)

Now you can take cashless treatment in 40,000 hospitals across country

Mumbai: Health insurance policyholders will now have access to cashless hospitalisation in around 40,000 hospitals...

9 Jan 2024 5:19 PM

The exposure draft, if implemented, will be draconian to the insurance industry for various reasons. Persistency levels will fall, and margins from non-participating products will fall impacting profitability. Policyholders would be incentivised to surrender their policies and buy another policy thereby impacting persistency of the business. (Representational Image Source: picpedia.org)

Panel to study impact of IRDAI's norms on higher surrender payout to...

Mumbai: Life Insurance companies have formed a committee to study the actuarial and financial impact of the insurance...

26 Dec 2023 4:27 PM

IRDAI Member Says Insurance Sector Needs To Reorient Itself

IRDAI Member Says Insurance Sector Needs To Reorient Itself

Mumbai: While the domestic economy is growing well, the insurance sector has been unable to keep pace with it unlike the...

4 Oct 2023 7:58 AM

IRDAI Relaxes Norms Relating to Foreign Reinsurance Branches

IRDAI Relaxes Norms Relating to Foreign Reinsurance Branches

Mumbai: In a move aimed at attracting more reinsurers to establish operations in India, the Insurance Regulatory and...

26 Aug 2023 8:04 AM