Some carmakers sell vehicles without a spare wheel, offering just a puncture repair kit instead. Nobody proposes a register of the salesmen...

ProTec General Insurance will be allowed to undertake general insurance business under the applicable regulatory framework. The four regist...

Irdai now seeks operating expense data, excluding commissions, from life insurers. This move aims to revamp the industry's distribution fra...

Frequent traffic offenders will soon face mandatory re-tests to renew their driving licences as part of significant amendments to the Motor...

India's insurance regulator is set to overhaul distributor commissions, proposing payments spread over a policy's life to curb mis-selling ...

India's insurance regulator has greenlit two proposals for 100% foreign ownership in general insurance firms, following the government's FD...

India’s asset and wealth management industry is projected to reach US$1.7 trillion in AUM by 2030, driven by rising retail participation, g...

India's insurance regulator, IRDAI, met with industry leaders to discuss the new Public Insurance Registry and Bima Sugam platform. This di...

The government's GST reform has eliminated the 18% tax on insurance premiums, a move expected to boost insurance penetration in India. Whil...

Amidst global volatility and India's economic growth, IRDAI's allowance of equity derivatives for hedging is timely. Indian insurers, with ...

Change in EoM Guidelines: Under his stewardship, IRDAI introduced the Expenses of Management (EoM) regulations at a time when the industry ...

The government has recently announced the appointment of Rajay Kumar Sinha as the member of finance and investment at the Insurance Regulat...

The Insurance Regulatory and Development Authority of India (IRDAI) has also approved a proposal to permit Private Equity (PE) funds to inv...

The revamp will include an option of filing complaints in regional languages. This can be attributed to making the process of complaint red...

The regulator has also decided to allow insurance companies to tap fund raising options, like through the debt market, without prior approv...

Solvency margin, a key indicator of financial health of an insurer, refers to the difference between its value of assets and liability. The...

The new rule will cover all health plans and also fire, engineering and motor plans offered by general insurance companies. Panda said only...