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PUBLIC INSURANCE REGISTRY
Insurance mis-selling is arising because upfront commissions are too high: IRDAI chairman Ajay SethIRDAI chairman Ajay Seth said insurers should pass savings from lower commissions and operating costs to policyholders through lower premiu...- Insurance mis-selling is arising because upfront commissions are too high: Ajay Seth, Chairman, IRDAIThe benefit of cost efficiency should be passed on to customers. This entire exercise is intended to ensure that the public and policyholde...
- You may soon buy motor insurance via Bima Sugam when buying a new car; dealers can't deny cashless repairs if IRDA proposals are implementedIRDAI's proposed reforms could revolutionize motor insurance purchases, making them more transparent and customer-friendly. With direct dig...
- Tighter mis-selling rules, easier insurance buying and more: 4 prominent changes proposed by IRDAI that could affect policyholders the mostThe IRDAI has proposed transformative reforms to enhance insurance distribution in India, focusing on affordability and transparency. Key c...
- Irdai proposes big changes to insurance commissions; companies, agents may feel the pinchIrdai has proposed an overhaul of the commission payment structure for insurance distributors across various products. This new framework a...
- Irdai proposes ban on insurance website ‘dark patterns’, seeks lower distribution costsIrdai proposes prohibiting dark patterns on insurance websites that require personal details to access information. The reforms aim to impr...
- BRICS adopts New Delhi Declaration: Inside the 140-point document on Global South's ambitionsBRICS leaders adopted the New Delhi Declaration at the 18th summit, reaffirming their commitment to cooperation, multilateralism and a more...
- Public Insurance Registry: From tracking policies to improving claim processing, how PIR could benefit policyholdersIndia's Insurance Regulatory and Development Authority of India (IRDAI) has introduced a groundbreaking Public Insurance Registry aimed at ...
- IRDAI pitches public insurance registry to reshape industryIndia's insurance regulator is proposing a Public Insurance Registry for data sharing. This digital infrastructure will connect insurers, i...
- Supreme Court asks 19 states, UTs to declare cancer 'notifiable disease' for early detectionThe Supreme Court urged remaining states to declare cancer a notifiable disease. This action aims for early detection and improved patient ...
- Oil tanker traffic through Hormuz at near standstill as attacks strain Iran truceOil tanker traffic through the Strait of Hormuz has nearly stopped. U.S. airstrikes on Iran triggered retaliation, escalating shipping risk...
- Catch 'em before they fall: India's new climate safety netIndian cities face a dual threat of extreme heat and torrential monsoons, severely impacting informal workers. Traditional insurance and go...
- “Misselling isn’t just about commissions”: Bandhan Life CEO on insurance reality checkSatishwar B., MD and CEO, Bandhan Life Insurance, discusses the Public Insurance Registry, Bima Sugam, misselling and commissions, in a con...
- 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...
- IRDAI holds talks on Public Insurance Registry designIndia's insurance regulator, IRDAI, met with industry leaders to discuss the new Public Insurance Registry and Bima Sugam platform. This di...
- Initiatives like DND can protect people from fraudulent calls, messages: TRAI chiefSpeaking to PTI on the sidelines of a workshop, Lahoti said India has about 116 crore mobile subscribers, of whom only 28 crore are registe...
- PSU banks plan common video KYC hubState-run banks are planning to establish a common video KYC hub to integrate their processes with the central KYC registry (CKYCR) to enha...
- Can catastrophe bonds save India from the financial burden of natural disasters?India is exploring catastrophe bonds ('cat bonds') to manage financial risks from earthquakes and extreme weather. These bonds transfer ris...
- Bill for setting up of National Financial Information Registry almost ready: DEA SecretaryEconomic Affairs Secretary Ajay Seth announced that a Bill to establish a National Financial Information Registry is nearly complete. This ...
- New India Assurance plans IPO by August: G Srinivasan, CMDNew India Assurance is likely to go for an IPO in the next 6-8 months, given indications from its talks with the government.
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