Page 6 of Irdai

The appointment of IRDAI chairman comes nearly 9 months after the vacancy was created following Subhash Chandra Khuntia completing his term in May last year.

Acquisition faces hurdles: Piramal bid for Reliance Capital runs into regulatory wall

A consortium led by Piramal Group is one of the eight serious contenders for acquiring RCap’s assets, from whom creditors…

May 27, 2022 03:45 IST

Irdai’s move to allow insurers to design new policies expected to bring in innovation

The insurers are expected to continue to price the new and tailor-made products and coverage extensions more competitively to achieve…

May 16, 2022 01:45 IST

Insurers get Irdai nod for products to cover fire, other perils

dai has also clarified that it does not mandate any minimum rate for premium setting by insurance and reinsurance companies.

May 13, 2022 00:20 IST

Irdai proposes to standardise administration of group health insurance products

Group insurance facilitates enhancing the access to insurance to both formal and informal sectors of the society, Irdai said, while…

April 28, 2022 21:44 IST

Non-life insurers post 11% rise in gross direct premium to Rs 2.21 lakh crore in FY22

In a break-up of data by Irdai, 24 general insurance companies registered an 8.79 per cent increase in their combined…

April 11, 2022 20:17 IST

Irdai asking insurance companies to go for listing to raise capital: Chairman Debasish Panda

The listing will help insurance players to raise capital for growing their business and also deepening the insurance penetration in…

April 7, 2022 19:54 IST

Govt appoints ex-financial services secretary Debasish Panda as IRDAI chief

The Appointments Committee of the Cabinet has approved Panda’s appointment as chairperson of the insurance regulator initially for a period…

March 11, 2022 19:32 IST

Your Money: Irdai moots lifelong renewal of personal accident policy

A personal accident insurance pays the sum insured in case of death or total permanent disability of the policyholder.

March 1, 2022 03:00 IST

In 2021, cyclones Tauktae and Yaas caused losses to property in some parts of the country. (Representative image)

General insurers settle only third of claim amount due to natural calamities during FY21

Irdai said that during the current financial year 2021-22 also, it has issued guidance to insurers to attend to the…

December 28, 2021 22:36 IST

Healthcare, insurance sector regulator Irdai

Allow us to regulate hospitals to protect policyholders interest: Irdai member

The member explained that as an insurance regulator, Irdai wants to protect public against continuous increase in health insurance premiums.

December 6, 2021 20:40 IST

Insurance broker running RenewBuy.com fined Rs 1 crore by IRDAI. Here’s why

The broker was accused of using the brand name “renewbuy” for soliciting insurance online without “visibly and clearly displaying the…

July 2, 2021 15:12 IST

Policybazaar gets insurance broking licence from IRDAI

The broking licence will allow the company to venture into segments which it could not do in the past like…

June 11, 2021 15:52 IST

‘Save upto Rs 1.65 lakh by buying term plan today’ alert costs Rs 24 lakh in fine to Policybazaar

Policybaaar claimed that the information in the said SMS was “neither misleading nor wrong and was based on specific information…

May 21, 2021 13:03 IST

In these uncertain times, Thakur said the challenge is not only to accelerate economic growth but also to ensure that the steps towards recovery do not irreversibly alter market dynamics.

FM asks IRDAI to act against insurers for denying cashless COVID-related claims by insurance companies

Finance Minister Nirmala Sitharaman also mentioned that more than 9 lakh COVID-related claims for Rs 8,642 crore have been settled…

April 22, 2021 22:13 IST

Beware! Don’t buy motor insurance from this company; IRDAI sounds alarm

The Insurance Regulatory and Development Authority of India has issued against dealing with a Bangalore-based entity – ‘Digital National Motor…

February 12, 2021 08:47 IST

Although the private sector’s share has been increasing steadily, such a step is likely to provide further impetus.

IRDAI asks insurers to offer 3 standard products for fire, allied peril from April 1

The regulator said the Standard Fire and Special Perils (SFSP) Policy will be replaced by the three standard products –…

January 6, 2021 19:27 IST

IRDAI to decide on allowing insurers to invest in tier-1 bonds

Meanwhile, informed sources said the IRDAI board is likely to meet on June 30 and may accord the final approval…

June 13, 2016 11:01 IST

IRDA mulls introducing ‘Title Insurance’; sets up panel

Aiming to provide cover to people in case of defective property titles and related issues, insurance regulator IRDAI today…

June 10, 2016 22:24 IST

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Harsh Goenka slams DK Shivakumar over Kiran Mazumdar-Shaw’s Bengaluru infrastructure comments.

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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.

‘Not a tourist destination, nor…’: Anand Mahindra calls Kerala’s Palakkad village ‘the perfect escape’ from modern life

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

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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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Page 6 of Irdai

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