Page 2 of Irdai

IRDAI, chairperson, appointment, hiring strategy, tenure, Ministry of Finance

Govt invites applications for post of IRDAI chairperson as Debasish Panda’s term nears end

The government has invited applications for the position of chairperson at the Insurance Regulatory and Development Authority of India (IRDAI).

March 10, 2025 12:51 IST

Paying insurance premiums just got easier with THIS unique UPI feature

Insurance premium payments become easier with THIS unique UPI facility – Here’s how it works

The regulator in its circular said that “to facilitate smooth transactions of payment of premium, a facility of the Unified…

February 20, 2025 11:33 IST

Khara-led Irdai panel to review reforms

The Bill, which has undergone extensive consultations over the past two years, proposes significant changes to the Insurance Act, 1938.

February 20, 2025 03:00 IST

Good news for senior citizens! IRDAI suggests key measures to rationalise health insurance policy premiums

Good news for senior citizens! IRDAI suggests key measures to check health insurance premium rates

The insurance sector regulator said that as part of the ongoing monitoring of insurance products offered in the Indian insurance…

January 31, 2025 12:20 IST

irdai, insurance, health insurance, health insurance premium

Irdai caps annual health premium hikes for senior citizens at 10%

Irdai said insurers must seek its approval if they propose an annual increase of more than 10%, or if they…

January 31, 2025 03:30 IST

IRDAI, banking sector, bankers, insurance, bancassurance channel, distribution solutions, borrowing cost, Viksit Bharat

Avoid mis-selling: Bankers should focus on core job, not selling insurance alone, says IRDAI Chief

“The banca channel is a very useful channel. But of late, a lot of ills have crept into the system.…

November 20, 2024 13:42 IST

Irdai, Go Digit, Money, Insurance, Expenses of Management

Expense ratio has risen post EoM guidelines: Go Digit chairman

Last week, the Irdai issued a show-cause notice to Go Digit after its expenses of management exceeded the prescribed limits…

October 29, 2024 00:05 IST

Risk-based capital framework for insurers by 2025: IRDAI chief

The Irdai chairman highlighted that the insurance sector manages assets worth Rs 70 lakh crore, and the investment framework has…

Updated: October 24, 2024 08:27 IST

Neobank Freo gets corporate agent licence from Irdai

“Our strategy focuses on offering highly personalised and affordable insurance products that are simple to understand and tailored to users’…

October 21, 2024 10:31 IST

IRDAI raps Care, revokes Saluja’s Esops

In 2019, IRDAI had permitted Saluja’s appointment for her common director role in Care Health and Religare Finvest Limited. However,…

July 24, 2024 04:05 IST

IRDAI reforms to increase transparency, enhance policyholder experience

The reforms introduced by the IRDAI are expected to set new benchmarks in the industry, benefiting policyholders and fostering a…

June 14, 2024 11:51 IST

Health insurance: IRDAI measures on policy cancellation, refunds and grace period for premium payment - All you need to know

Health insurance: IRDAI measures on policy cancellation, refunds and grace period – All you need to know

In the event of the death of the policyholder during the treatment, the insurer shall immediately process the request for…

June 10, 2024 13:48 IST

Good News for Policyholders: IRDAI mandates insurers to clear cashless claims within 3 hours!

The IRDAI circular mandates insurers to clear cashless claims within a three-hour window, alongside encouraging the provision of a diverse…

May 29, 2024 19:58 IST

India's Health Insurance Makeover: 'Cashless Everywhere' to 'Bima Vistaar' - All you need to know about mega insurance reforms

India’s Health Insurance Makeover: ‘Cashless Everywhere’ to ‘Bima Vistaar’ – Mega insurance reforms on the way

Efforts are underway to increase market penetration in underserved regions, with a specific focus on reducing the protection gap and…

May 8, 2024 16:09 IST

Bima Vistaar priced at Rs 1,500: Life, health, property insurance bundled in one product | Know features and benefits

Bima Vistaar priced at Rs 1,500: Life, health, property insurance bundled in one product | Know full features and benefits

‘Bima Vistaar’ is part of IRDAI’s ‘Trinity’ initiative, with online insurance marketplace Bima Sugam and insurance distribution channel Bima Vaahak…

Updated: May 1, 2024 17:24 IST

Got it all WRONG! IRDAI move doesn’t mean age cap of 65 for buying health insurance removed – Know why

Previously, health insurance regulations set a maximum-entry-age limit of 65 years, meaning insurers were required to design all health insurance…

April 25, 2024 10:43 IST

IRDAI norms on surrender value to be effective April 1: Here’s how it will impact policyholders

The finalized regulations avoid the initially proposed high surrender values, which could have decreased Internal Rate of Returns (IRRs) for…

March 26, 2024 18:31 IST

Free-Look Period in Insurance: Why is IRDAI proposing its extension to 30 days?

The proposed extension of the free-look period by IRDAI represents a positive step towards empowering insurance consumers in India.

February 16, 2024 15:28 IST

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