Page 3 of Irdai

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

Claims ratio of health cover segment back to pre-Covid level: Irdai

Death claims from life insurance came down 32% to Rupees 41,457 in FY23 from Rupees 60,822 crore in FY22.

December 29, 2023 03:00 IST

Insurance companies to take hit as surrender benefit could move in favour of policyholders: Ind-Ra

The new surrender value as per the revised defined formula would be significantly higher than existing payback on surrenders, even…

December 21, 2023 13:52 IST

How you will benefit from IRDAI’s progressive customer-centric strategies unveiled in 2023

By championing transparency, empowering consumers, and safeguarding their interests, IRDAI is steering the Indian insurance industry towards sustainability and a…

December 18, 2023 16:08 IST

Hinduja’s stake transfer plan hits Irdai roadblock! Regulator objects, calls application ‘premature’

25% from RCap to a group firm

December 12, 2023 06:30 IST

insurance sector, insurance products, insurtech sector, IRDAI, Global Fintech Fest 2023, digital assistants, technology, machine learning, decentralised insurance, customers

Kshema General Insurance to launch crop protection products next year

Eyes Rs 1,000 crore premium in FY24

August 28, 2023 02:15 IST

Irdai, irdai news, irdai insurers news, KMP, KMP news

Irdai asks private insurers to frame pay norms for top brass within 3 months

The same limit would be 70%, in case the variable is above 200% of the fixed pay,” the guidelines said, adding…

July 1, 2023 03:30 IST

Risk Based Supervision, irdai, insurance,

Irdai to roll out first phase of pilot for ‘Risk Based Supervision’ from July

In order to ensure robust development and smooth implementation of RBS, Irdai has been engaging with various stakeholders over the…

June 28, 2023 05:45 IST

Cyclone Biparjoy: Irdai directs insurers to fast-track claim settlement process

Cyclone Biparjoy is likely to have caused loss to property (homes and businesses) and infrastructure in various states.

June 17, 2023 18:55 IST

SBI Mutual Fund, SBI Mutual Fund irdai nod, SBI Mutual Fund stake in ICICI Lombard

SBI Mutual Fund gets Irdai nod to acquire up to 10% stake in ICICI Lombard

For the quarter ended March 2023, promoter ICICI Bank’s shareholding in the general insurance company stood at 48.02%.

June 14, 2023 01:15 IST

After Shakti Ammas, it may be the turn of Bima Vahaks

The move is a much-needed one as insurance penetration in India is hovering around just 4.2%, with large parts of…

June 12, 2023 19:43 IST

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Lock into a forward contract to contain overseas study bills

Business News52 min ago

Parents need to plan for their children’s education abroad as the rupee continues to weaken. A 5% depreciation in the rupee can increase the cost of a $50,000 fee by over Rs 2 lakh. To mitigate this risk, parents should hedge against currency fluctuations using a forward contract and a forex card. These tools allow them to lock in exchange rates and protect their budget from currency shocks.

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