The Income Tax Department is scrutinising over 20 insurance firms—around 5–6 life insurers and 15 general insurers—for potential breaches o...

IRDAI fined Acko General Insurance Rs 1 crore for regulatory lapses involving Ola Financial Services (OFSPL). Acko made payments to Ola Fin...

IRDAI has penalized Flipkart Rs 1.06 crore for violating e-commerce norms related to online insurance distribution. Flipkart was found redi...

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

Irdai has initiated quarterly monitoring for eight insurers exceeding their 30% expenses of management limits to enforce financial discipli...

Kenko, founded in 2019, was trying to build a subscription-based health insurance product to protect its users against hospitalisation and ...

Irdai is intensifying scrutiny of cybersecurity lapses in the insurance sector following a major data breach at Star Health Insurance. Over...

Backing of a large local investor, considerable net worth of promoter and founder are among key requirements laid down by the sector regula...

The insurance regulator is looking to tighten scrutiny and enhance transparency to prevent misselling of complex insurance products targeti...

The Insurance Regulatory and Development Authority of India (Irdai) has increased scrutiny on the ultimate beneficiaries in share transfers...

Under new chairman Debasish Panda, the regulator is engaging with the industry more than ever and looking to get the sector charged up.

It is learnt the industry lobby body, General Insurance Council is exploring various options including legal ones to wriggle out of the sit...

"It is patently untenable order and would not stand legal scrutiny if the vehicle makers or any other aggrieved party goes on appeal," D. V...

The Institute of Insurance and Risk Management (IIRM), a Hyderabad-based educational entity, has crossed swords with one of its promoters —...

In Singapore, the rejection rate for the regulatory sandbox project was as high as 90 per cent.

Most fake policies have been linked to insuring second-hand vehicles, where it is purchased for statutory compliance rather than safety.

Regulator Irdai has imposed a penalty of Rs 15 lakh on HDFC Standard Life Insurance for violation of various regulations including the one ...