The Insurance Regulator and Development Authority of India (IRDAI) on Monday reiterated that it is mandatory for all general and health ins...

In June 2020, the insurance watchdog had issued guidelines for insurance companies to roll out standard Covid-19 policies by July 10, 2020,...

A benefit-based policy will ensure a fixed and guaranteed lump sum amount equal to the sum insured if one tests positive for Covid-19 and i...

The proposed guidelines now mandate insurers to offer both options — a standard indemnity-based cover and a fixed-benefit cover. The new de...

For some strange reason companies that insured your life were not permitted to insure against illness. The regulator has taken a baby step ...

Indemnity-based health plans are basically those insurance policies where the insured is reimbursed the actual expense incurred during hosp...

Irda said that it set up the committee following representations from life insurers seeking expansion of their product offerings to make be...

Minimum entry age of the policyholder should be 18 years and the maximum entry age should be 65 years. However, a proposer, who is older ca...

The insurance sandbox project has been launched mainly to help the regulator gauge and measure real-life acceptance of new customer proposi...

All medical history of the proposed insured is expected to be disclosed in the proposal form while buying health insurance.

The guidelines will bolster the business framework of insurance providers, thereby offering value to the policyholders.

Some life insurers also sell health insurance policies, both indemnity and fixed benefit covers, the latter being more commonly offered.

Irda has asked insurance companies to withdraw products by giving three months' notice to policyholders and to continue existing contracts ...

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To dematerialise an existing policy, you can call up the customer services team and request for details. The insurer will share the list of...

ET explains the options before you to increase your family's health cover at a time when companies are pruning the health benefits extended...

Over the past few days, many cell-phone users have been bombarded with calls or SMSes, urging them to buy a new 'three-in-one' plan fromLIC.