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IRDAI
IRDAI News
IRDAI
21 Apr 2024
Health Insurance Now Available For Individuals Over 65
After the recent changes which came into effect from April 1, 2024 individuals of any age can now purchase new health insurance policies.
LIC Saral Pension Scheme
06 Apr 2024
Invest Once In THIS LIC Scheme, Receive Rs 12,000 Monthly Pension: Read More
The scheme guarantees annuity rates at the policy's inception, providing annuities throughout the annuitant's lifetime.
IRDAI
01 Apr 2024
New Insurance Policies To Be Issued Only In Electronic Format From Today
Insurance Regulatory and Development Authority of India has said that two new insurance rules are applicable from 01 April 2024.
E-Insurance Policy
30 Mar 2024
New Insurance Policies To Go Digital From April 1: Here's All You Need To Know
E-insurance accounts involve the issuance and holding of policies in digital format.
IRDAI
23 Mar 2024
IRDAI Approves Setting Up Insurance E-Marketplace Bima Sugam
IRDAI said that it has approved eight principle-based consolidated regulations, following the comprehensive review of regulatory framework for insurance sector.
Health insurance
25 Dec 2023
Claiming Mediclaim Benefits To Be Easy Soon: Here's The Reason
The matter in question revolves around the denial of medical claims by insurance companies when policyholders undergo surgery or treatment without being hospitalized for a minimum of 24 hours.
odisha train accident
05 Jun 2023
IRDAI Instructs Insurers To Quickly Settle Odisha Train Accident Claims
Two private non-life insurers are directly involved in insuring the passengers who had booked their tickets on the Indian Railway Catering and Tourism Corporation Ltd's (IRCTC) online portal.
IRDAI
07 May 2023
Irdai Proposes To Tighten Norms For Media Campaigns By Insurers
The procedure for accepting the advertisements is currently based on the approved 'File and Use' applications and compliance to Irdai advertisement regulations and circulars.
Business
30 Dec 2022
BIG blow to Insurance holders! IRDAI makes THIS mandatory from January 1
Mental illness insurance
20 Oct 2022
IRDAI asks Insurers to provide insurance cover for mental illness - Deets here
IRDAI issues circular ordering insurance companies to provide cover for mental illness. The circular asked to make provisions for mental illness before October 31, 2022. Mental Health Care Act 2017 says medical insurance for mental illness mandatory.
Cyber insurance
29 Sep 2022
Rising cyber threats: Get your cyber insurance soon or else you may have to...
Cyber insurance is a sort of coverage that guards against financial losses caused by many hazards of the digital age, including malware attacks, phishing, identity theft, and social media breaches, among others.
insurance agents
12 Sep 2022
Customers will get agent portability option soon, check details
Policyholders will get an option of agent portability soon. IRDAI is going to change the existing rule. Customers can change agents through the insurance exchange.
Integrated Grievance Redressal System
07 Aug 2022
Irdai to soon launch 'Bima Bharosa', its grievance redressal mechanism
The new portal will not only be a gateway for registering and tracking grievances online. All transactions, starting from registrations of complaints against various entities, processing of complaints through various stages and final closure of complaints.
Motor insurance
07 Jul 2022
Drive well and pay less insurance premium, IRDAI announces new scheme
IRDAI has announced new scheme to promote road safety Good driving behaviour will result in lower insurance premium Irdai has permitted general insurance companies to introduce tech-enabled concepts
IRDAI
02 Jun 2022
Irdai permits insurers to launch products without its prior approval
The Insurance Regulatory and Development Authority of India (Irdai) has extended the 'Use and File' procedure for all the health insurance products and almost all the general insurance products in line with the reforms agenda taken up towards having a fully insured India, the regulator said in a statement.
IRDAI
15 Apr 2022
Irdai warns against buying health insurance from THIS site
Irdai noted that the company is not registered with the insurance regulator. ‘Even Healthcare Pvt Ltd’ runs a website www.even.in. Even.in currently offers its membership at Rs 525 per month.
Corona Kavach
04 Apr 2022
Corona Kavach Policy gets 6-month extension, check policy details
Short term Covid health insurance policy update. IRDAI announceS extension of timelines. Chek what IRDAI says in its latest circular.
IRDAI
19 Jan 2022
Finance ministry invites applications for Irdai whole-time member post
No person will hold the office of the whole-time member after attaining the age of 62 years, it added. On salary and allowances, the member will be entitled to consolidated pay and allowances of Rs 4 lakh per month without the facility of house and car. The last date for submitting applications is February 15, 2022.
Third Party Motor Insurance
12 Jan 2022
Third-party motor insurance premiums could hike in 2022: Report
Insurance firms have sent a proposal to the Insurance and Regulatory Development Authority of India. Insurance companies were planning to increase the premiums of third party motor insurance before the pandemic. About 25 General Insurance firms are reportedly hoping to receive a nod from IRDAI to hike the premiums.
Insurance Regulatory and Development Authority of India
06 Jan 2022
IRDAI to set up hubs on motor, property insurances to promote loss prevention
The decision to set up these hubs was based on the recommendations of a working group. There will be an advisory committee that will create a repository of past risk inspection reports. There will be two sub-committees within the advisory committee.
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