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IRDAI DRAFT GUIDELINES
Commission caps to pose existential threat to insurance distributors: Policybazaar’s Yashish DahiyaPolicybazaar faces potential business disruption from IRDAI's proposed commission caps, prompting consideration of an insurance manufacturi...- Irdai proposes internal ombudsman for insurers to address claims up to Rs 50 lakhIrdai introduced new guidelines for insurance companies. Insurers must appoint an internal ombudsman. This ombudsman will handle claim-rela...
- IRDAI tightens fraud rules post hacking incidentsThe Insurance Regulatory and Development Authority of India introduces new guidelines to combat online fraud in the insurance sector. Insur...
- Irdai draft guidelines to safeguard insurance policyholder interests: 5 major changes proposedIn order to decrease stakeholder compliance requirements, facilitate company operations, and protect policyholder interests, the Insurance ...
- Irdai issues draft Bima Vahaks guidelinesRegulator Irdai on Thursday came out with draft guidelines for 'Bima Vahaks (BV)', which seeks to establish a dedicated distribution channe...
- Demat like facilities for insurance policy holders soon, all policies to be held in electronic form onlyIRDAI proposed that every insurer shall issue all insurance policies only in electronic form notwithstanding whether the proposal is receiv...
- Irdai to modify norms for remuneration of CEOs, directors of private insurersAs per the proposed guidelines, the remuneration of chief executive, managing directors and whole time directors will be divided between fi...
- IRDAI issues draft guidelines on trade credit insuranceBased on the recommendations of a working group on revisiting guidelines on trade credit insurance, the Insurance Regulatory and Developmen...
- IRDAI proposes regulations for designing, pricing of general insurance productsThe IRDAI (General Insurance Products) Regulations, 2021, which will apply to insurance products as well as add-ons, are aimed at promoting...
- IRDAI issues guidelines for standard travel insurance policies to be offered from April 1, 2021According to the exposure draft, insurers will be allowed to launch five standard travel insurance plan variants under domestic travel and ...
- After health and life, now a standardised personal accident insurance cover in the work by IRDAIA 100% sum assured would be liable to victims of accidents that result in death or permanent disablement, as per the draft guidelines where...
- Standardised insurance cover for vector-borne diseases in the workThe proposed product will be available at all health and general insurers once the guidelines are finalized following a consultation proces...
- Irdai to look at system for colour-coding health insurance coversThe colour-coding will be based on a scoring method of between 0 and 6. Based on criteria, if a product gets a score of 2 or less, it will ...
- IRDAI proposes to restrict proportionate deduction in health insurance claims to help policyholdersIn most health insurance policies, if the rent of the room taken by the insured exceeds the rent covered in the policy, then the hospital b...
- Health insurance policy packages may soon offer vouchers for gym membership, protein supplements"Based on fitness and wellness criteria stipulated and disclosed, insurers may endeavour promoting wellness amongst health insurance policy...
- Irdai mulls offering installment mode of insurance claim settlement for certain policiesIrdai wants to change the concept of settlement in personal accident and benefit-based health insurances.
- Data fraud: Irdai takes guard, readies cyber security shieldThe Insurance Regulatory and Development Authority of India (Irdai) said it will be a comprehensive framework for the sector.
- Promoters of isurance firms must hold 50% after listingWhat the new rules mean is that promoters will have to continue to infuse capital into the business even in future as the business grows.
- IRDAI proposes fit and proper criteria to select directorsIRDAI today came out with draft norms to align corporate governance for insurance sector with the new Companies Act.
- Insurers need to link top management payouts with risks: IRDAIInsurers should ensure that compensation doled out to top level management personnel, including CEOs, are adjusted to risks in the business...
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