Insurance Regulatory And Development Authority Of India
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People Above 65 Can Also Buy Health Insurance Now
The Insurance Regulatory and Development Authority of India (IRDAI) has removed the age cap on buying health insurance policies, effective from April 1, 2024.
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Insurance Watch Dog To Treat Green Bond Purchases As Infrastructure Investments
The Insurance Regulatory and Development Authority of India said the move was made with the objective of "de-concentration and diversification" of insurers' infrastructure portfolios.
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Insurance Regulator In Talks With Centre Over Easing Rs 100 Crore Entry Cap For Insurers
The Insurance Regulatory and Development Authority of India (IRDAI) has suggested the government to ease the minimum capital requirement of Rs 100 crore.
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Auto Insurance: New 'Pay As You Drive, How You Drive' Motor Insurance Rule Announced
The Insurance Regulatory and Development Authority of India (IRDAI) has revealed new motor insurance rules that will allow the users to pay for insurance as per their automobile usage.
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IRDAI Extends Deadline For Online Health Insurance Policy Processing, Issuance
The Insurance Regulatory and Development Authority of India (IRDAI) has extended the deadline for insurance companies to issue new health insurance policies in electronic form and without the requirement of physically signed proposal form (wet signatures) till March 31, 2022.
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Insurance Regulator's Reply Sought As Firm Doesn't Pay Full For Covid Death
The Delhi High Court has sought responses of the Delhi government and the Insurance Regulatory and Development Authority (IRDA) on a plea by a woman and her two children challenging an insurance firm's decision not to pay the entire insured amount on
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"Many Won't Get Insurance Benefit Due To Lack Of Hospitalisation": Court
The Delhi High Court on Thursday said a large number of COVID-19 infected people would not be able to get insurance benefit as they could not secure a hospital bed due to the dearth of medical infrastructure and asked IRDA to look into the issue.
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Health Insurers To Approve Cashless COVID-19 Treatment Claims Within 1 Hour
IRDAI has also asked the health insurers to convey their decision on final discharge of patients whose Covid claims are covered, within an hour of receiving the final bill from the hospital concerned
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Battling COVID-19: Does Your Health Insurance Policy Cover Mental Illness?
With the passage of the Mental Healthcare Act in 2017, the Insurance Regulatory and Development Authority of India mandated the coverage of mental health conditions under insurance in the same way as physical health conditions.
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Insurance Regulator IRDA Clarifies On Revision In Health Insurance Premium
The Insurance Regulatory and Development Authority of India clarified that insurers were permitted to change the base premium after approvals
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Vehicle Owners Must Have A Valid PUC Certificate To Renew Insurance: IRDAI
The Insurance Regulatory and Development Authority of India (IRDAI) has advised all insurance companies to ask for valid pollution under control (PUC) certificate from vehicle owners at the time of renewing their motor insurance policies.
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Top Court Sends Notice To Centre On Plea Over Mental Health Law
The Supreme Court Tuesday sought response from the Centre and the Insurance Regulatory Development Authority (IRDA) on a plea alleging violation of provisions of Mental health law, which deals with right to equality and non-discrimination.
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IRDAI Withdraws Long-Term Motor Vehicle Insurance Package Cover For New Cars & Two-Wheelers
The Insurance Regulatory and Development Authority of India (IRDAI) on Monday officially released a circular mentioning the withdrawal of long-term motor insurance package plans including 3rd party insurance as well as own damage. This will come into effect from August 1, 2020. The insurance regulator decided to withdraw the long-term insurance pac...
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Axis Bank To Acquire 29% Stake In Max Life
The transaction is subject to approvals from Reserve Bank of India, Insurance Regulatory and Development Authority of India, and Competition Commission of India.
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Non-Life Insurers Can Offer Standard Health Policies Before April 1
In a circular dated April January 24, 2020, the insurance regulator said that insurers can offer the 'Arogya Sanjeevani Policy' - the standard health insurance policy before April 1, 2020.
-
People Above 65 Can Also Buy Health Insurance Now
The Insurance Regulatory and Development Authority of India (IRDAI) has removed the age cap on buying health insurance policies, effective from April 1, 2024.
-
Insurance Watch Dog To Treat Green Bond Purchases As Infrastructure Investments
The Insurance Regulatory and Development Authority of India said the move was made with the objective of "de-concentration and diversification" of insurers' infrastructure portfolios.
-
Insurance Regulator In Talks With Centre Over Easing Rs 100 Crore Entry Cap For Insurers
The Insurance Regulatory and Development Authority of India (IRDAI) has suggested the government to ease the minimum capital requirement of Rs 100 crore.
-
Auto Insurance: New 'Pay As You Drive, How You Drive' Motor Insurance Rule Announced
The Insurance Regulatory and Development Authority of India (IRDAI) has revealed new motor insurance rules that will allow the users to pay for insurance as per their automobile usage.
-
IRDAI Extends Deadline For Online Health Insurance Policy Processing, Issuance
The Insurance Regulatory and Development Authority of India (IRDAI) has extended the deadline for insurance companies to issue new health insurance policies in electronic form and without the requirement of physically signed proposal form (wet signatures) till March 31, 2022.
-
Insurance Regulator's Reply Sought As Firm Doesn't Pay Full For Covid Death
The Delhi High Court has sought responses of the Delhi government and the Insurance Regulatory and Development Authority (IRDA) on a plea by a woman and her two children challenging an insurance firm's decision not to pay the entire insured amount on
-
"Many Won't Get Insurance Benefit Due To Lack Of Hospitalisation": Court
The Delhi High Court on Thursday said a large number of COVID-19 infected people would not be able to get insurance benefit as they could not secure a hospital bed due to the dearth of medical infrastructure and asked IRDA to look into the issue.
-
Health Insurers To Approve Cashless COVID-19 Treatment Claims Within 1 Hour
IRDAI has also asked the health insurers to convey their decision on final discharge of patients whose Covid claims are covered, within an hour of receiving the final bill from the hospital concerned
-
Battling COVID-19: Does Your Health Insurance Policy Cover Mental Illness?
With the passage of the Mental Healthcare Act in 2017, the Insurance Regulatory and Development Authority of India mandated the coverage of mental health conditions under insurance in the same way as physical health conditions.
-
Insurance Regulator IRDA Clarifies On Revision In Health Insurance Premium
The Insurance Regulatory and Development Authority of India clarified that insurers were permitted to change the base premium after approvals
-
Vehicle Owners Must Have A Valid PUC Certificate To Renew Insurance: IRDAI
The Insurance Regulatory and Development Authority of India (IRDAI) has advised all insurance companies to ask for valid pollution under control (PUC) certificate from vehicle owners at the time of renewing their motor insurance policies.
-
Top Court Sends Notice To Centre On Plea Over Mental Health Law
The Supreme Court Tuesday sought response from the Centre and the Insurance Regulatory Development Authority (IRDA) on a plea alleging violation of provisions of Mental health law, which deals with right to equality and non-discrimination.
-
IRDAI Withdraws Long-Term Motor Vehicle Insurance Package Cover For New Cars & Two-Wheelers
The Insurance Regulatory and Development Authority of India (IRDAI) on Monday officially released a circular mentioning the withdrawal of long-term motor insurance package plans including 3rd party insurance as well as own damage. This will come into effect from August 1, 2020. The insurance regulator decided to withdraw the long-term insurance pac...
-
Axis Bank To Acquire 29% Stake In Max Life
The transaction is subject to approvals from Reserve Bank of India, Insurance Regulatory and Development Authority of India, and Competition Commission of India.
-
Non-Life Insurers Can Offer Standard Health Policies Before April 1
In a circular dated April January 24, 2020, the insurance regulator said that insurers can offer the 'Arogya Sanjeevani Policy' - the standard health insurance policy before April 1, 2020.
