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IRDAI OFFICIAL
Proposed commission caps may drive consolidation in insurance distribution: Acko CEOAcko founder Varun Dua anticipates regulatory changes to insurance distributor commissions will drive consolidation and professionalization...- Insurance CEOs’ pay now linked to claims and customer grievances: What it means for policyholdersInsurance CEOs’ remuneration will now partly depend on how well they treat policyholders, from settling claims to resolving complaints. A t...
- CEOs quitting general insurance companies to pursue entrepreneurial venturesTop executives are exiting established general insurance firms to launch new entrepreneurial ventures. This trend is fueled by India's vast...
- 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...
- PMLA court takes cognisance of ED case against Religare chair Rashmi Saluja, advocate Pratap VenugopalA Mumbai court has taken cognisance of a money laundering case filed by the Enforcement Directorate. The complaint names former Religare ex...
- Have unclaimed deposits, insurance, mutual funds? Government launches single portal to trace forgotten assetsThe Ministry of Finance has launched a new portal to help citizens find forgotten money. This initiative, called 'Your Money, Your Right', ...
- Want higher health insurance coverage through super top-up policy? HDFC Ergo, Aditya Birla, ICICI Lombard, Niva Bupa, Care plans comparedRising healthcare costs necessitate enhanced coverage beyond base policies. Super top-up plans offer this crucial protection, acting as an ...
- Finance Ministry plans to broaden Actuaries Act scope beyond insurance, pensionsThe finance ministry is set to update the Actuaries Act, 2006. This will expand actuarial science to include data science and risk manageme...
- Insurance surety bonds data gaps under regulatory lensIn a proactive move to strengthen the financial landscape, Indian regulators are gearing up to close the reporting voids surrounding insura...
- Branches of LIC to remain open on March 31 to collect premiumLife Insurance Corporation of India branches will operate on March 31. This is to assist policyholders in depositing their insurance premiu...
- Min panel may propose 5% GST with ITC benefit on term plansA ministerial panel is considering a 5% GST with input tax credit on term insurance plans. The panel, headed by Bihar deputy chief minister...
- IRDAI proposes allowing insurers to invest in unlisted firms: sourcesCurrently, Insurance Regulatory and Development Authority of India (IRDAI) does not allow insurers to invest in unlisted entities without i...
- IIRM at loggerheads with IRDAI over fundsThe Institute of Insurance and Risk Management (IIRM), a Hyderabad-based educational entity, has crossed swords with one of its promoters —...
- Remote working to push demand for cyber insurance: IRDAI official"In the long term, the transition to virtual workspaces resulting from COVID 19 may increase the demand for cyber insurance and further the...
- 'Arogya Sanjeevani' insurance policy to cover Covid-19Customers have the option of taking coverage of up to Rs 5 lakh — in which case the rough cost is about Rs 5,000 (there are a few insurance...
- IRDAI officials seek spiritual interventionThe cause of worry was its headoffice in Hyderabad where they shifted two years ago.
- Irdai asks public not to fall prey to fictitious calls offering higher policy benefitsAny person making any kind of transaction with such individuals/agents will be doing the same at their own risk, Irdai said.
- Irdai to develop 'sandbox' approach for fintech-related productsLoosely defined, a sandbox approach means experimenting and learning before finally adopting a technology or system.
- HDFC Life, Max Financial Services group's mega insurance merger plan hits IRDAI's roadblockIn a filing to stock exchanges, the company said, “IRDAI has expressed reservations to accept the scheme of amalgamation in its current for...
- Insurers allowed to set up offices in SEZsIRDAI official told PTI that as there are special provisions for conducting business in SEZ, the regulatory body felt the need for separate...
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