Tag: irdai
IRDAI asks life insurers to offer surrender value in first year
Mumbai: The Insurance Regulatory and Development Authority of India (IRDAI) has asked insurance companies to offer a surrender value from the first year itself, a…
Now, customise motor, home insurance policies: Irdai
Pushing for “new, innovative and customised products under the new product regulations”, the insurance regulator, Irdai, has come out with a master circular on general…
Health Insurance Claim: 43% policyholders faced difficulties, some had to wait an extra day at hospital, survey
Many health insurance claims in India have either been rejected or approved partially in the last three years, according to a recent survey by Local…
insurtech startups: Startups in queue for insurance licence face stricter norms
The Insurance Regulatory and Development Authority of India (Irdai) is increasing its scrutiny of venture-funded startups that are aiming to become insurance companies, following the…
insurance industry: Surrender fee: Insurers propose dual structure as regulator pitches for a hike
Mumbai: The life insurance industry is proposing a dual structure in response to the regulator’s pitch for an increase in the surrender value for non-participating…
bimakavach: Insurtech startup BimaKavach gets IRDAI licence for corporate insurance
Insurtech startup BimaKavach on Monday said that it has received a direct insurance broking licence from the Insurance Regulatory and Development Authority of India (IRDAI)….
IRDAI allows for modification of withdrawn life insurance products to benefit policyholders; 4 key provisions
The Insurance Regulatory and Development Authority of India (IRDAI) has approved changes to withdrawn life insurance policies that will benefit existing customers. The IRDAI‘s circular…
North India floods July 2023: Irdai urges insurers to settle flood-related insurance claims on fast track basis
It is anticipated that infrastructure and property (homes and businesses) would suffer significant losses as a result of floods in several states of North India…
Insurance claim: Cyclone Biparjoy: Insurance claim payments to be disbursed at the earliest, says Irdai
The Insurance Regulatory and Development Authority of India (IRDAI) has asked life insurers to take necessary steps for quick claim settlement of insurance claims in…
Irdai instructs insurers to ease, expedite claims settlement for victims of Odisha train accident
The Insurance Regulatory and Development Authority of India (Irdai) has issued guidelines that insurance companies must follow when settling insurance claims of victims of the…