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IRDAI COST REDUCTION
The hidden cost of looking better: What health insurance covers, and what it leaves you to payRising demand for weight-loss drugs, cosmetic procedures and wellness treatments is creating a growing out-of-pocket healthcare expense cat...- Insurers resist as customer comfort weighs on exec payIndian insurers are opposing new rules for executive pay. The regulator wants to link compensation to customer service, not just profits. I...
- IRDAI may tighten CEO KPIs on claims, expenses and customer serviceThe IRDAI is developing a more detailed framework for performance-linked key performance indicators (KPIs) for insurance company executives...
- Pick your own health cover: How custom plans work and their hidden downsidesA health plan consists of a base plan and riders or add-ons. Earlier, the base plan comprised fixed features that could not be changed, and...
- Cut costs, fix mis-selling to make insurance products affordable: IRDAI member to insurersAn IRDAI official has called for insurance companies to cut high customer acquisition and management costs. This move is crucial for boosti...
- Put more money where healthcare isIndia's health insurance sector has surpassed ₹1 lakh crore in premiums, but a concerning trend emerges as insurers prioritize cost contain...
- Tax department probes over 20 insurers over breach of expense limitsThe Income Tax Department is scrutinising over 20 insurance firms—around 5–6 life insurers and 15 general insurers—for potential breaches o...
- Life insurance companies challenge GST exemption for term policiesLife insurance companies are petitioning to avoid the exemption of term insurance policies from the GST levy. They argue that doing so will...
- ICICI Lombard on track to meet 102% combined ratio: CEOICICI Lombard General Insurance aims to achieve a target combined ratio of 102%. CEO Bhargav Dasgupta stated that this was achievable given...
- Irdai to insurers: Cut costs, pass on gains to customersThe Insurance Regulatory and Development Authority of India (Irdai), in its latest published guidelines, has directed insurance companies t...
- General insurance space in sweet spot, these 2 stocks that could give over 20% returns in 1 yearWe believe that some of the measures are expected to increase the competition but nevertheless given the low penetration, we expect all pla...
- No decision on disclosure of insurance commissions: IRDAIThe committee of CEOs formed to recommend changes in finance, costing and policies of insurance had recommended that the exact amount of co...
- Embassy Office Parks REIT raises Rs 300 crore via NCD issueFollowing the recent Insurance Regulatory and Development Authority of India (IRDAI) approval permitting insurance companies to invest in R...
- Madras HC's bumper-to-bumper insurance order intent laudable, can be challenged"It is patently untenable order and would not stand legal scrutiny if the vehicle makers or any other aggrieved party goes on appeal," D. V...
- Irdai asks insurers to issue Digilocker to policyholders to preserve documentsIn order to promote the adoption of Digilocker in the insurance sector, the Authority advises all insurers to enable their IT systems to in...
- You can soon store your insurance policy documents in DigilockerThe insurance regulator added that insurers should inform their retail policyholders about Digilocker and how to use it. Insurers are also ...
- Government proposes mandatory airbag for front passenger on all carsThe ministry modified the standard requirements applicable to M1 category of vehicles to include passenger airbags as a standard fitment vi...
- View: A step forward in microinsurance with the IRDAI reportThe Self-Employed Women’s Association, SEWA, took up the challenge of providing microinsurance in 1992, as we witnessed how informal women ...
- Important watchouts while filling motor insurance claim formIt is important to consider few things when it comes to filling the claim form, filing it, and settling the final claim with the insurance ...
- Irdai norms allow insurers to begin offshore business from GIFT IFSCCompanies would also be allowed to undertake domestic insurance and reinsurance business in line with the provisions of Irdai regulation, i...
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