Page 3 of Irdai

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

Balasore: Irdai directs insurers to fast settle claims

In a statement, SBI Life Insurance said to mitigate the hardships of the claimants of the company, it has taken…

June 6, 2023 04:50 IST

irdai, insurance, insurance for all, insurance market in india,

IRDAI working on three-pronged approach to ensure ‘insurance for all by 2047’

Observing that Indian economy today is at an inflection point, he said, the country is among the fastest-growing economies in…

May 25, 2023 18:31 IST

Some pain points addressed in surety bonds, more changes possible if need arises: Irdai

The surety bond insurance is a risk transfer tool for the principal and shields the principal from the losses that…

Updated: May 25, 2023 15:31 IST

Irdai forms task force to facilitate ease of doing KYC using Aadhaar

“In the absence of the Unique Customer Identification in the insurance sector, insurance companies are facing various issues while providing…

May 17, 2023 20:00 IST

Getting surety-bonds ready

India’s infrastructure vision requires a quantum of bank guarantees that the banking system can’t provide. Surety bonds are the alternative…

May 17, 2023 04:25 IST

Irdai relaxes norms for surety bonds to expand market for such products

Irdai said the amendments have been made on the basis of the evaluation of various representations received.

May 16, 2023 22:12 IST

SBI, HDFC, Axis, ICICI or any other credit card user? Check new IRDAI rule for loan payment

IRDAI News Insurance Loan Payment With Credit Card Rule: No more loan against insurance payment with credit card allowed.

May 6, 2023 10:09 IST

Irdai proposes to amend norms on insurance advertisement

In order to tighten the regulatory framework on issuing advertisements by insurance companies to curb mis-selling in the sector, regulator…

May 6, 2023 01:40 IST

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Business tycoon Anand Mahindra shared a serene glimpse of Palakkad, Kerala, calling it “the perfect escape” from modern life’s chaos.

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Gold hovers near record high on safe-haven demand, US rate-cut bets

World News36 min ago

Gold prices edged higher on Tuesday to hover near all-time highs, as strong safe-haven demand and hopes of further interest rate cuts from the U.S. Federal Reserve boosted demand for the precious metal.FUNDAMENTALS* Spot gold was up 0.2% at $4,363.58 per ounce, as of 0106 GMT, having hit a record high of $4,381.21 on Monday.

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