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From complexity to clarity: How AI is transforming insurance for customersArtificial Intelligence is revolutionizing insurance in India. Customers now start their search online, with AI simplifying complex policie...- 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...
- 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...
- Govt appoints former Finance Secretary Ajay Seth as IRDAI chairman for 3 yearsThe Indian government has appointed former Finance Secretary Ajay Seth as the chairman of Insurance Regulatory and Development Authority of...
- IRDAI inducts 5 new members into insurance advisory panelIndia's insurance regulator has appointed five new key members to its Insurance Advisory Committee (IAC), including leaders from banking, a...
- IRDAI considering Managed General Agencies in insuranceInsurtech startups which mostly operate as insurance intermediaries are pushing for a new set of licences from the IRDAI to set up agencies...
- Irdai directs insurers to fast-track claim settlement process due to BiparjoyThe insurers have been advised to communicate the nomination of a senior executive in each affected state / UT to the Chief Secretary/Offic...
- 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 asks insurers to lay down social media norms for employeesAn organisation's reputation is closely linked to the behaviour of its employees, the Insurance Regulatory and Development Authority of Ind...
- 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...
- Irdai provides more flexibility to insurers, eases limits for commissionsThe insurers have been told by Irdai that their commission and remuneration payout should be based on a board-approved policy which will be...
- Irdai weighs proposal to privatise Insurance Information BureauSet up in 2009 as an advisory body, IIB collects transactional data from insurers for different lines of business, and produces periodical ...
- 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...
- Small entrepenuers can now tap insurance companies for sureties"To reduce indirect cost for suppliers and work-contractors, the use of surety bonds as a substitute for bank guarantee will be made accept...
- IRDAI asks insurers to come up with disease-specific plansAddressing a virtual health insurance conference, IRDAI member, non-life, TL Alamelu, also stressed on the need to set up a mechanism where...
- How IRDAI protects policyholders from crises at insurance companiesInsurers are required to follow certain investment norms, like they cannot invest in debt securities with a rating below AAA. If any asset ...
- Insurance companies can no longer exclude many illnessesThe insurance regulator on Monday said age-related ailments such as cataract surgery, knee-cap replacements, Alzheimer’s and Parkinson’s wo...
- From Jan 1, IRDAI allows unbundling of compulsory personal accident cover in motor policiesEffective January 1, on expiry of a bundled CPA cover, it may be replaced with a stand-alone CPA cover and the same may be taken from any g...
- Behind LIC's plan to pull IDBI out of a banking messWith LIC coughing up the money, the government has one less bank to deal with whenever it considers capital allocation for public sector ba...
- Insurers can't accept defunct Rs 500/1,000 note towards premiumA news item has been brought to Irdai's notice, which says that the Authority has instructed insurers to accept old notes for premium.
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