Page 6 of Irdai

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

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

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