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Policy Loan Facility Mandatory In Life Insurance Savings Products: IRDAI
Regulator Irdai on Wednesday said the facility of policy loan is now mandatory in all life insurance savings products, enabling policyholders to meet liquidity requirements.
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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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Insurers Praise Move To End Credit Card Repayment For Loans On Insurance
Regulator Irdai's decision to bar repayment of loans taken against life insurance policies through credit cards is a good move and will prevent policyholders from falling into a debt trap, according to insurers.
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Insurance Sector Needs Rs 50,000 Crore Capital Per Year For Growth: Regulator
Irdai's chief appealed to business conglomerates to channelise funds into the sector, saying the return on equity is at a healthy 14 per cent for life insurers and 16 per cent for non-life.
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Insurance Regulator Proposes Allowing Insurers To Invest In Unlisted Firms: Report
India's insurance regulator has proposed to the government that insurers be allowed to buy over 10% of unlisted firms without approval, regulatory and industry sources said.
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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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Life Insurance Products Can Be Launched Without Prior Approval: IRDAI
Insurance regulator (IRDAI) on Friday allowed insurers to launch new life insurance products without its prior approval.
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LIC Leads Life Insurer's New Business Premium Growth Of 84% In April
Life insurance companies logged 84 per cent growth in their cumulative new business premium at Rs 17,940 crore in April 2022, primarily helped by LIC, IRDAI data showed.
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Retired IAS Officer Debasish Panda Appointed IRDAI Chief
Government has appointed retired IAS officer and former financial services secretary Debasish Panda as chairman of IRDAI
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LIC Didn't Pay Dividend In 2020-21, Used Free Reserves To Hike Paid-Up Capital
LIC did not pay any dividend to the government in the last financial year and used the free reserves to increase its paid-up capital
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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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Stocks To Watch: SBI, Nestle India, KEC International
IRDAI has imposed a penalty of Rs 25 lakh on SBI General lnsurance (unlisted subsidiary of State Bank of lndia) for non-compliance with minimum obligations.
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Insurance Regulator Approves Axis Entities' Stake Acquisition In Max Life Insurance
The IRDAI approval was an integral step in this long-awaited joint venture transaction which was first announced in April 2020
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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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Policy Loan Facility Mandatory In Life Insurance Savings Products: IRDAI
Regulator Irdai on Wednesday said the facility of policy loan is now mandatory in all life insurance savings products, enabling policyholders to meet liquidity requirements.
-
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.
-
Insurers Praise Move To End Credit Card Repayment For Loans On Insurance
Regulator Irdai's decision to bar repayment of loans taken against life insurance policies through credit cards is a good move and will prevent policyholders from falling into a debt trap, according to insurers.
-
Insurance Sector Needs Rs 50,000 Crore Capital Per Year For Growth: Regulator
Irdai's chief appealed to business conglomerates to channelise funds into the sector, saying the return on equity is at a healthy 14 per cent for life insurers and 16 per cent for non-life.
-
Insurance Regulator Proposes Allowing Insurers To Invest In Unlisted Firms: Report
India's insurance regulator has proposed to the government that insurers be allowed to buy over 10% of unlisted firms without approval, regulatory and industry sources said.
-
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.
-
Life Insurance Products Can Be Launched Without Prior Approval: IRDAI
Insurance regulator (IRDAI) on Friday allowed insurers to launch new life insurance products without its prior approval.
-
LIC Leads Life Insurer's New Business Premium Growth Of 84% In April
Life insurance companies logged 84 per cent growth in their cumulative new business premium at Rs 17,940 crore in April 2022, primarily helped by LIC, IRDAI data showed.
-
Retired IAS Officer Debasish Panda Appointed IRDAI Chief
Government has appointed retired IAS officer and former financial services secretary Debasish Panda as chairman of IRDAI
-
LIC Didn't Pay Dividend In 2020-21, Used Free Reserves To Hike Paid-Up Capital
LIC did not pay any dividend to the government in the last financial year and used the free reserves to increase its paid-up capital
-
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.
-
Stocks To Watch: SBI, Nestle India, KEC International
IRDAI has imposed a penalty of Rs 25 lakh on SBI General lnsurance (unlisted subsidiary of State Bank of lndia) for non-compliance with minimum obligations.
-
Insurance Regulator Approves Axis Entities' Stake Acquisition In Max Life Insurance
The IRDAI approval was an integral step in this long-awaited joint venture transaction which was first announced in April 2020
-
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.
