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IRDAI REINSURANCE RULES
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...- Centre allows 100% FDI in insurance via auto route"Foreign investment in this sector shall be subject to compliance with the provisions of the Insurance Act, 1938(4 of 1938), and the condit...
- Sabka Bima, Sabki Raksha? Why 100% FDI alone won’t fix India’s insurance problemIndia's 100% FDI in insurance aims to boost competition and innovation, but faces challenges. Existing market saturation and the need for s...
- Jio-Allianz, Fairfax-backed Valueattics Re set to shake up India’s Rs 50,000-cr reinsurance marketIndia's ₹50,000-crore reinsurance sector is set for disruption with the entry of two new domestic players—Jio-Allianz, a joint venture betw...
- Reinsurance treaty rates stay soft amid tight competitionReinsurance treaty renewals on April 1 saw largely stable or softer rates due to competition among reinsurers. Despite continuing catastrop...
- Budget 2025: FM announces 100% FDI in the insurance sector. All you need to knowThe 2025 budget proposes to raise the FDI limit in the insurance sector from 74% to 100%, provided premiums are invested in India. This mov...
- India plans major insurance shake-up this winter as it may open doors to 100% FDI100% FDI in Insurance: The Indian government is poised to permit 100% foreign direct investment in the insurance sector, aiming to attract ...
- Irdai ups scrutiny of broking deals, approvals take longerThe Insurance Regulatory and Development Authority of India (Irdai) has increased scrutiny on the ultimate beneficiaries in share transfers...
- KYC mandatory for buying new health, auto, travel insurance from January 1, 2023It will be mandatory for the insurers to collect KYC documents from you when you are purchasing a new life and non-life insurance policy, i...
- Irdai issues draft anti money laundering rules for selling insurance policiesInsurers have the responsibility for guarding against insurance products and services being used to launder unlawfully derived funds or to ...
- Insurance biz: MNCs can own 74%, but FIIs, PEs hold the keyAshvin Parekh, a consultant who has been advising the insurance industry for two decades, said that it made sense for companies to have loc...
- Six ways your motor insurance policy is set to change. Here's how it could affect youThe Insurance Regulatory and Development Authority of India has released draft rules to revisit the current own damage product structure of...
- Insurer can't reject your claim if you meet this criteriaNew guidelines for health insurance plans issued by IRDAI favour policyholders but premiums could rise.
- Long-term third party insurance: How will it impact youWhile the move will ensure compliance, the cost component will be steep for new vehicle buyers.
- IRDAI member's order amounts to abetting corruption in insurance sector: SATThe tribunal also directed the regulator to entrust the matter to a "competent officer" other than him and pass a fresh order.
- Irdai to hire consultant to implement RBC regimeThe decision to move to the RBC norms from the current solvency principle regime has been taken after recommendations of a panel, which gav...
- Insurance sector needs comprehensive over-haul: ReportAccording to the report, the regulations are prescriptive and rule-based and often there is carping on 'market not mature' and 'data not ad...
- IRDA gives R1 nod to ITI for reinsurance businessThe reinsurance market in India is estimated to be $2billion. ITI Investment is a subsidiary of Fortune Financial Services, which is contro...
- IRDAI permits Lloyds of UK to set up business in IndiaInsurance regulator IRDAI permitted UK-based Lloyds to set up business in India and have floated a draft rules and regulations relating to ...
- IRDA offers 50% rebate on reinsurance to curb losses on Pradhan Mantri Jeevan Jyoti YojanaInsurers welcome IRDAI’s decision which they longed for ever since the scheme hit the market in early May but they say that the scheme may ...
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