Page 5 of Irdai

health insurance, IRDAI, insurance cover, insurance premium, loading, exclusions, Covid-19, pandemic, modern treatments, Psychiatric Ailments, Refractive error, endoscopic sinus surgery, Cochlear Implant Treatment

Your Health Insurance coverage widens: Know which modern treatments are now covered

After compelling the insurers to cover the treatment of Covid, insurance regulator IRDAI has now pushed them to cover treatment…

October 19, 2022 20:25 IST

Irdai may permit PE funds to promote insurance firms

Irdai has also proposed to amend the existing regulations to provide “fit and proper criteria” for applicants desiring to carry…

October 15, 2022 05:30 IST

This is the first time Irdai has prescribed premium growth guidelines for individual companies, a move that surprised the industry.

General Insurance Council mediates between insurers, Irdai over ‘aggressive’ growth figures

General insurers said it is an exciting time for the industry as the regulator has initiated many simplification and consolidation…

August 22, 2022 02:30 IST

IRDAI organises hackathon, invites innovative solutions for insurance sector

IRDAI said the participants of Bima Manthan 2022 will get an opportunity to exhibit their innovative solutions before an eminent…

August 15, 2022 18:43 IST

Irdai moots raising maximum limits of insurance tie-ups for corporate agents

Issuing an ‘exposure draft’ on insurance intermediaries, the regulator said in order to facilitate “open architecture”, which will enable prospects…

August 4, 2022 08:12 IST

Irdai issues master guidelines on anti-money laundering in order to consolidate, update guidelines

The guidelines will be applicable to all classes of life, general or health insurance business.

August 3, 2022 03:10 IST

Irdai proposes 30% cap on management expenses

It is proposed that an insurer shall be allowed an additional allowance towards the insurtech expenses incurred to the extent…

August 3, 2022 02:40 IST

Insurers may not need prior Irdai nod to raise capital via pref shares, subordinate debt

As per the existing norms, the insurance companies are required to take permission from the Insurance Regulatory and Development Board…

July 31, 2022 16:23 IST

Edelweiss General Insurance Launches Switch ‘Pay as you Drive’ Add-on, Strengthening its Usage-based Motor Insurance Suite

EGI launched SWITCH 2.0 under the regulator’s sandbox initiative, which measures not just how much you drive, but also how…

July 30, 2022 15:48 IST

In these meetings, Panda reiterated that the reform journey that has been embarked upon is underway and will be completed in a time-bound manner.

Achievability of Irdai target to depend on demand, growth, inflation

This is for the first time that Irdai has prescribed premium growth guidelines for individual companies. It has caused surprise…

July 25, 2022 03:30 IST

Irdai guidelines surprising and challenging: Vibha Padalkar, MD & CEO, HDFC Life

Also, the driving factor is our persistency ratio, which has improved by 200 basis points (bps) on a y-o-y basis…

July 20, 2022 05:55 IST

Irdai panels to suggest steps to resolve issues between insurers and re-insurers

Irdai, in its orders dated July 7, said the two task forces may invite specialists for discussion.

July 12, 2022 03:45 IST

IRDAI permits “sophisticated” usage-based add-ons to basic motor insurance policies

“Introduction of the above options will aid in giving the much needed fillip to Motor OD Insurance in the country…

July 7, 2022 00:00 IST

Issuing a circular on the ‘Use & File procedure’, Irdai said the country's life insurance industry is expected to use this opportunity to respond faster to the emerging market needs, in terms of designing and pricing of insurance products resulting in more choices for the policyholders, which will further help in increasing the insurance penetration in India.

Irdai clears way for life insurers to launch products without prior approval

According to industry analysts and observers, earlier it took around two-three months on an average for an life insurance product…

June 11, 2022 02:00 IST

IRDAI, Use and File, circular, products, term insurance, Ulips

IRDAI allows life insurers to launch term insurance plans, Ulips without prior approval

The insurers are responsible for new products and need to just inform the IRDAI after launch.

June 10, 2022 17:12 IST

The premium rate of PMJJBY has been revised upward to Rs 1.25 per day, translating into an increase from Rs 330 to Rs 436 annually effective June 1. The number of active subscribers enrolled under the PMJJBY was 64 million as of March 31, 2022.

Irdai eases capital requirement for PMJJBY to bring in more insurers

The government has recently hiked the premium rates for the two flagship schemes – PMJJBY and Pradhan Mantri Suraksha Bima…

June 4, 2022 05:45 IST

This move will enable life insurers to offer more policies under the scheme, and provide financial security to the bottom of the pyramid of the Indian population through life insurance, Irdai said in a statement.

Irdai eases capital requirement for PMJJBY to encourage more insurers to participate

The Insurance Regulatory and Development Authority of India (Irdai) has reduced the capital required to be held by insurers offering…

June 3, 2022 17:06 IST

Third-party motor insurance premium hikes on expected lines: Insurers

Revision of third-party premium rates is initiated yearly by the Irdai.

May 30, 2022 06:00 IST

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Defence sector manufacturing on overdrive: Key projects driving Rs 1.5 lakh crore growth

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