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IRDAI COMMISSION RULES
IRDAI proposals on insurance’s money machine leads to bloodbath for stocks: What happens to your moneyInsurance premiums may decrease if the Insurance Regulatory and Development Authority of India implements proposed commission changes. Prop...- PB Fintech shares crash 36%, bloodbath wipes off Rs 31,426 cr from m-cap after IRDAI’s reform plans. What Citi and Jefferies are warningPB Fintech shares crashed 36% to a 52-week low after IRDAI proposed an overhaul of insurance distributor commissions. The proposed norms co...
- He trusted Canara Bank for 31 Years, then was sold a life insurance plan that pays at age 93; IRDAI orders Rs 4 lakh refund and ₹1 crore fine for mis-sellingIRDAI has imposed a ₹1 crore penalty on Canara HSBC Life Insurance Company over the sale of a deferred annuity policy to an 88-year-old cus...
- Insurance company rejected Rs 3 lakh mediclaim saying it was an obesity treatment; court found the surgery also treats high BP, weight gain, knee pain; insurer ordered to pay Rs 3.5 lakhAn insurance company rejected a Rs 3.2 lakh mediclaim by calling a weight loss surgery an obesity treatment excluded under the policy. The ...
- India cannot build its digital economy on ‘borrowed trust’: QNu Labs CEO Sunil GuptaIndia must build sovereign digital trust layers for its expanding digital economy. The nation is transitioning to quantum-safe security, mo...
- Curb misselling, not agents: Insurance reform needs a scalpel, not a hammerIndian insurance regulators are rethinking intermediary payment structures to reduce misselling. Proposed reforms aim to lower distribution...
- Is ₹5-10 lakh health insurance cover enough? Check these 3 factors to know how much you needHealthcare costs in India are soaring due to escalating medical inflation. Experts warn that securing adequate health insurance is no longe...
- Star Health cuts mediclaim without citing any policy clauses: Court says insurer cannot act on 'whims and fancies'; orders to pay the remaining Rs 47KStar Health Insurance has been ordered by a Guntur consumer commission to pay Rs 47,356 to a policyholder whose Covid hospitalisation claim...
- LIC rejects claim saying past typhoid, jaundice were not disclosed: Court says the illnesses have no link to sudden heart attack that killed the policyholder; orders insurer to pay over Rs 10 lakhLIC rejects insurance claim saying policyholder hid illnesses: LIC rejected a death claim filed by a Guntur widow, arguing her husband had ...
- Insurance regulator IRDAI plans overhaul of commission rules to curb mis-selling, sources sayIndia's insurance regulator is set to overhaul distributor commissions, proposing payments spread over a policy's life to curb mis-selling ...
- Irdai to crack down on mis-selling as Insurance Bill 2025 tightens normsIndia's insurance regulator is set to enhance oversight on mis-selling through new legal amendments. The Sabka Bima Sabki Raksha (Amendment...
- Life insurers' margins may take a hit on early surrender directiveInsurance companies in Mumbai are adapting to IRDAI's directives on surrender values, anticipating an impact on new business margins. Insur...
- Surrendering insurance policy early may cost you less in futureThe new rules would put insurers in a dilemma - they must either lower sales or lower profits to address premature policy closures. If insu...
- Tax probes against insurers may go on despite IRDAI's new commission normsWhile the GST authority is probing them for fake input tax credit, the tax department is investigating them for alleged tax evasion by viol...
- A rejig to make insurance simple"The committee was formed earlier this month and has been given six to eight weeks for a comprehensive review of the 70 or so regulations g...
- IRDAI's new rules on commissions give cos flexibilityIn a draft notification earlier this week, the Insurance Regulatory and Development Authority of India (IRDAI) set a 20% commission cap for...
- Irdai changes key rules for insurersThe regulator has also decided to allow insurance companies to tap fund raising options, like through the debt market, without prior approv...
- IRDAI pulls up Oriental for hiding commissionsOriental has in its response said it will ensure that it will not refer to commissions or payouts by “generic references” in its financial ...
- Now, know how your insurance agent is being paid for policy sold to youWhen a policy is sold to you, an insurance agent earns a commission. Also, there are promised rewards that are paid over the commissions fo...
- IRDAI tells SBI Life again to refund policyholdersIn 2012, the Insurance Regulatory and Development Authority of India had found SBI Life guilty of violating its rule on paying commission o...
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