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IRDAI ORDER
Health insurance company denies claim over father’s alleged alcohol history; son fights back and wins Rs 6 lakhA software engineer's father's health insurance claim was denied by HDFC ERGO due to an alleged alcohol history. The insurer repudiated the...- Insurer denies Rs 20 lakh life insurance claim over diabetes non-disclosure; woman fights back and wins; here’s whyA Delhi woman's Rs 20 lakh life insurance claim, denied due to alleged non-disclosure of diabetes and kidney diseases, was upheld by the St...
- Prudential to seek 12-18 months window to pare 12% stake in ICICI Prudential LifePrudential plans to acquire a controlling stake in Bharti Life Insurance. This move requires Prudential to reduce its holding in ICICI Prud...
- Viksit Bharat will be built on capability, not just cost advantage: Hemant Jhajhria of KPMG IndiaIndia is at a pivotal moment in global manufacturing. Micro, Small, and Medium Enterprises are key to this transformation. They must shift ...
- Missed insurance claim submission deadline? Don't worry, you are still eligible for reimbursement. Here's whyA Bombay High Court ruling favored policyholders, stating insurers cannot reject claims solely for delayed document submission beyond the 9...
- Health insurance records strong growth momentum with premiums exceeding Rs 1.2 lakh crore in FY25India's health insurance sector is growing strongly. The Insurance Regulatory and Development Authority of India (Irdai) has set strict dea...
- Health insurance claim settlement lapses: Rs 1 crore penalty imposed on Care Health Insurance by IRDAIIndia's insurance watchdog, IRDAI, has fined Care Health Insurance Rs 1 crore. The penalty stems from serious lapses in how the company han...
- IRDAI penalizes Policybazaar Rs 5 crore for various violations including biased and misleading product promotionsIRDAI has fined Policybazaar Rs 5 crore for various regulatory breaches. As per the IRDAI order, Policybazaar promoted specific insurance p...
- SBI Life Insurance fined Rs 1 crore for regulatory violations; Irdai asks insurer to adhere to rules to settle death claimsSBI Life Insurance has been fined Rs 1 crore by the Insurance Regulatory and Development Authority of India (Irdai) for violating regulatio...
- SAT stays Irdai order transferring Sahara India Life Insurance Co biz to SBI LifeIn a big relief to Sahara India Life Insurance Co Ltd, the Securities Appellate Tribunal (SAT) on Tuesday stayed regulator Irdai's order di...
- Irdai fines Max Life Rs 3 crore for Axis Bank dealInsurance regulator Irdai has imposed a Rs 3-crore penalty on Max Life for its share sale deal with Axis Bank, which the regulator said cir...
- Irdai imposes Rs 51 lakh penalty on 4 insurersA penalty of Rs 25 lakh has been imposed on SBI General Insurance Company for not fulfilling regulatory obligations under the Motor Third P...
- IRDAI may soon link motor insurance premium with traffic violations; pilot project in DelhiBad drivers may face a double whammy as penalties for traffic violations have already gone up sharply.
- Irdai fines Iffco Tokio, Royal Sundaram Rs 5 lakh eachBoth Iffco Tokio General Insurance and Royal Sundaram General Insurance face similar charges of settling lesser amounts than the insured de...
- SAT asks Irdai to hear Sahara Life transfer afreshBut the tribunal upheld the insurance watchdog (Insurance Regulatory Development Authority) decision to appoint an administrator to run the...
- SAT puts off hearing on Irdai-Sahara Life to August 10Irdai counsel Somasekhar Sundaresan today argued that as Sahara Life had allegedly siphoned off Rs 78 crore, transfer of business to ICICI ...
- Sahara to challenge IRDAI order on life insurance biz transfer to ICICI PruSahara alleged that the insurance regulator has "wrongly concluded" that the promoter was no more 'fit and proper' and a sum of Rs 78 crore...
- 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...
- Irdai slaps Rs 10 lakh fine on Reliance General, RLICWhile in the matter of Reliance Life, Irdai imposed a penalty of Rs 5 lakh for non-disclosure of status of RCL being a subsidiary company.
- In a first, SAT admits SBI Life's petition against IRDAISBI Life is seeking relief against an IRDAI order asking it to refund Rs 275 crore to its policyholders who had bought its Dhanraksha Plus ...
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