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IRDAI REFORMS
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...- India insurance market to grow 10.7% annually over next decade, fastest among major markets, says AllianzIndia's insurance market is set for rapid expansion, becoming the world's fastest-growing. Projections show significant annual growth over ...
- 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 ...
- 58% surges in Insurance Ombudsman cases: 4 reforms to fix the backlog before it breaksThe Insurance Ombudsman serves as a guardian of trust for the industry and has resolved thousands of disputes for policyholders. But a grow...
- Lost insurance records? Here’s how IRDAI’s Public Insurance Registry aims to fix the problem for policyholdersIndia's insurance sector is set for a major upgrade. The IRDAI is creating a Public Insurance Registry and Bima Sugam platform. These initi...
- IRDAI holds talks on Public Insurance Registry designIndia's insurance regulator, IRDAI, met with industry leaders to discuss the new Public Insurance Registry and Bima Sugam platform. This di...
- Inside India’s insurance sector: How Niva Bupa’s upskilling platform is empowering a new league of health insurance advisorsRising demand for health insurance means a greater demand for insurance advisors. Insurance advisors, today, must possess the necessary ski...
- GST relief to boost insurance penetration, ease burden on policyholders: Nilesh SatheThe government's GST reform has eliminated the 18% tax on insurance premiums, a move expected to boost insurance penetration in India. Whil...
- Insurers step up their hedge game amid 2025 volatilityAmidst global volatility and India's economic growth, IRDAI's allowance of equity derivatives for hedging is timely. Indian insurers, with ...
- Outgoing IRDAI Chief has hits to his credit, perhaps misses, tooChange in EoM Guidelines: Under his stewardship, IRDAI introduced the Expenses of Management (EoM) regulations at a time when the industry ...
- IRDAI plans to put risk management at industry core to align with global bestIRDAI is working towards implementing major regulatory changes over the next 18-24 months, including a risk-based capital framework and Ind...
- Life insurers to mandatorily provide loan facility against policies: IrdaiIssuing a master circular which consolidates all regulations with regards to life insurance policies, the Insurance Regulatory and Developm...
- Govt appoints Rajay Kumar Sinha as new member finance at IRDAIThe government has recently announced the appointment of Rajay Kumar Sinha as the member of finance and investment at the Insurance Regulat...
- IRDAI approves changes in capital, ownership, solvency of insurance companiesThe Insurance Regulatory and Development Authority of India (IRDAI) has also approved a proposal to permit Private Equity (PE) funds to inv...
- Irdai to revamp grievance redressal mechanism, plans to call it 'Bima Bharosa'The revamp will include an option of filing complaints in regional languages. This can be attributed to making the process of complaint red...
- Irdai changes key rules for insurersThe regulator has also decided to allow insurance companies to tap fund raising options, like through the debt market, without prior approv...
- Irdai reduces solvency margin requirement for crop business; to unlock Rs 1,400 crore fundsSolvency margin, a key indicator of financial health of an insurer, refers to the difference between its value of assets and liability. The...
- IRDAI's new norms to prompt insurers to launch innovative policies swiftly: ExpertsThe Insurance Regulatory and Development Authority of India (IRDAI) last week extended the 'use and file' procedure for most of the life in...
- IRDAI allows insurance companies to introduce products without prior approvalThe new rule will cover all health plans and also fire, engineering and motor plans offered by general insurance companies. Panda said only...
- RS passes International Financial Services BillThe Upper House passed International Financial Services Authority Bill, 2019 which will set up a unified regulator for international financ...
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