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IRDAI REFORMS
India plans insurance reforms to rein in healthcare costs, sources sayIndia is considering sweeping health insurance reforms to standardise treatment rates, coverage and billing, while expanding a nationwide c...
IRDAI’s insurance reforms: Why fixing commissions matters more than tracking sellersSome carmakers sell vehicles without a spare wheel, offering just a puncture repair kit instead. Nobody proposes a register of the salesmen...
ProTec gets insurance licence; Irdai revamps key guidelinesProTec General Insurance will be allowed to undertake general insurance business under the applicable regulatory framework. The four regist...
Irdai digs into life insurers' costs beyond commissionsIrdai now seeks operating expense data, excluding commissions, from life insurers. This move aims to revamp the industry's distribution fra...
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 ...
Two general insurance licences approved since 100% FDI move by govt: Irdai chairman Ajay SethIndia's insurance regulator has greenlit two proposals for 100% foreign ownership in general insurance firms, following the government's FD...
IRDAI holds talks on Public Insurance Registry designIndia's insurance regulator, IRDAI, met with industry leaders to discuss the new Public Insurance Registry and Bima Sugam platform. This di...
GST relief to boost insurance penetration, ease burden on policyholders: Nilesh SatheThe government's GST reform has eliminated the 18% tax on insurance premiums, a move expected to boost insurance penetration in India. Whil...
Insurers step up their hedge game amid 2025 volatilityAmidst global volatility and India's economic growth, IRDAI's allowance of equity derivatives for hedging is timely. Indian insurers, with ...
Outgoing IRDAI Chief has hits to his credit, perhaps misses, tooChange in EoM Guidelines: Under his stewardship, IRDAI introduced the Expenses of Management (EoM) regulations at a time when the industry ...
Life insurers to mandatorily provide loan facility against policies: IrdaiIssuing a master circular which consolidates all regulations with regards to life insurance policies, the Insurance Regulatory and Developm...
Govt appoints Rajay Kumar Sinha as new member finance at IRDAIThe government has recently announced the appointment of Rajay Kumar Sinha as the member of finance and investment at the Insurance Regulat...
IRDAI approves changes in capital, ownership, solvency of insurance companiesThe Insurance Regulatory and Development Authority of India (IRDAI) has also approved a proposal to permit Private Equity (PE) funds to inv...
Irdai to revamp grievance redressal mechanism, plans to call it 'Bima Bharosa'The revamp will include an option of filing complaints in regional languages. This can be attributed to making the process of complaint red...
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 reduces solvency margin requirement for crop business; to unlock Rs 1,400 crore fundsSolvency margin, a key indicator of financial health of an insurer, refers to the difference between its value of assets and liability. The...
IRDAI allows insurance companies to introduce products without prior approvalThe new rule will cover all health plans and also fire, engineering and motor plans offered by general insurance companies. Panda said only...