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IRDAI DRAFT NORMS
IRDAI proposes internal insurance ombudsman scheme, releases draft normsIRDAI has proposed a framework mandating an internal insurance ombudsman scheme for insurance companies to address claim-related complaints...- Insurers may get to put more in REITs, InvITsIndia's insurance regulator, IRDAI, is proposing to double investment limits for insurers in REITs and InvITs, aiming to channel more long-...
- Irdai proposes to amend regulatory sandbox normsThe Insurance Regulatory and Development Authority of India (Irdai) has proposed changes to its regulatory sandbox, aiming to shift from a ...
- Irdai proposes to tighten norms for media campaigns by insurersUnder the proposed amendment, each insurer will be required to constitute an advertisement committee comprising at least three members mand...
- Irdai proposes to standardise administration of group health insurance productsGroup insurance facilitates enhancing the access to insurance to both formal and informal sectors of the society, Irdai said, while issuing...
- 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...
- 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...
- Allowing insurers to issue policies electronically; e-policies to be new norm in future: IrdaiSpeaking at an industry event, T L Alamelu, Member (Non-Life) Insurance Regulatory Development Authority of India (Irdai), however, said a ...
- 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 may cover expenses incurred on Ayurveda, Unani treatmentIn a draft circular IRDAI said that products differ significantly with each other in terms of benefits offered.
- Irdai issues norms for standardized health insurance productWhile the minimum entry age is kept at 18 years for principal insured, the maximum age at entry is 65 along with lifelong renewability. The...
- Irdai to release exposure draft on listing of insurance firmsIt is the first time in the past five years that the life insurance industry posted a double-digit growth in terms of both premium income a...
- Insurance e-commerce: Flash sales of policies may be coming soonIn order to increase penetration, IRDAI is opening up the distribution space for e-commerce in insurance products.
- 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 seek more time from IRDAI on management control issueInsurers are seeking more time to report whether their companies are being managed by the Indian promoters or not.
- Insurers seek more time from IRDAI on management control issueThe JV agreements are already there between foreign partners and domestic partner, but they have to give certain clarification on the issue.
- IRDA forms panel for transparency in motor insuranceThe committee to be headed by a senior official of IRDAI will comprise members from insurance companies and auto industry.
- Irdai fines ICICI Lombard Rs 10 lakh for violating insurance normsIrdai said the company made modifications in its Group Janata Personal Accident Insurance Policy which was not approved by the Irdai.
- IRDAI plans to standardise health productsInsurance regulator Irdai plans to bring in more stringent regulations by standardising health insurance products.
- IRDAI fines Reliance General Insurance for not paying directly to insuredIRDAI has imposed Rs 5 lakh penalty on Reliance General Insurance Company Ltd for not making direct payments on health insurance claims to ...
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