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IRDAI REGULATORY ACTION
LIC in talks with regulators on long-term instruments to match growing liabilities: CEOLife Insurance Corporation of India is working with regulators like the Reserve Bank and Sebi. This is to increase long-term investment opt...- 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...
- Insurer denies Rs 20 lakh life insurance claim over diabetes non-disclosure; woman fights back and wins; here’s whyA Delhi woman's Rs 20 lakh life insurance claim, denied due to alleged non-disclosure of diabetes and kidney diseases, was upheld by the St...
- Are you ready to pay up to 25% higher premium for your health insurance this year? Here are the ways to reduce your premiumHealth insurance premiums in India are rising by up to 25% due to escalating healthcare costs, increased claims, and changing risk profiles...
- 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...
- IRDAI penalizes Policybazaar Rs 5 crore for various violations including biased and misleading product promotionsIRDAI has fined Policybazaar Rs 5 crore for various regulatory breaches. As per the IRDAI order, Policybazaar promoted specific insurance p...
- Kiwi's General Insurance application clears R1 stageKiwi General Insurance, supported by Westbridge Capital, has received initial approval from the insurance regulator, IRDAI, signaling the c...
- IRDAI takes 856 regulatory actions in FY24The IRDAI took 856 regulatory actions, including penalties, against insurers in FY24, as informed by Finance Minister Nirmala Sitharaman. R...
- HDFC Life Insurance faces data breach, assessing potential impactHDFC Life Insurance announced on Monday that it had received customer data from an unknown source with "mala fide intent." The company did ...
- SBI Life to takeover liabilities of 2 lakh policies, assets of Sahara India Life Insurance: IrdaiThe Indian regulator, Irdai, has directed SBI Life Insurance to take over the liabilities of approximately 200,000 policies alongside the a...
- HC raps IRDAI for turning blind eye to non-implementation of Mental Healthcare lawThe court's observations came while hearing a woman's plea whose claim for reimbursement of costs for treatment of schizophrenia were rejec...
- Telangana High Court issues notice to IRDAI on appointment of executive directorAccording to the PIL filed by a social activist, IRDAI’s executive director Mr. Rao was a former RBI senior official and was appointed by I...
- Insurers can act against hospitals saying no to cashless coronavirus treatment: IRDAIThe regulator has also asked insurance companies to set up an exclusive grievance redressal system to solve the challenges faced by policyh...
- Irdai sets up panel to draft standard professional indemnity policy for insurance intermediariesInsurance intermediaries such as insurance brokers, insurance web aggregators, and corporate agent are required to take professional indemn...
- Inform policyholders about unoccupied properties, IRDAI tells insurersIn a statement, the IRDAI welcomed the stand of the general insurance industry to continue to extend insurance cover for properties covered...
- TCS, Wipro in fray to manage Irdai's Business Analytics ProjectIrdai said TCS, Larsen and Toubro InfoTech, Wipro and EIT Service India Private Ltd (a DXC Technology company) have been shortlisted for th...
- Make sure insurance ads are clear, fair and not misleading: Irdai to insurersThe insurance regulator issued a circular laying down guidelines for dos and don'ts for insurance companies to comply with. It also laid ou...
- SAT asks Irdai to hear Sahara Life transfer afreshBut the tribunal upheld the insurance watchdog (Insurance Regulatory Development Authority) decision to appoint an administrator to run the...
- Irdai terminates actuary's membership for NIC wrongdoingsThe penal action came after the regulator found wrongdoings by actuary Manalur Sandilya in preparing the balance sheet of NIC for the 2015-...
- IRDAI warns Sahara India Life Insurance on non-complianceIRDAI has warned Sahara India Life Insurance Co for non-compliance of 'Expenses of Management' (EoM) norms, and asked it to bring the expen...
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