Monday, May 27, 2024
Home > IRDAI
IRDAI chief gives tips to make Indian insurance market largest

IRDAI chief gives tips to make Indian insurance market largest

[ad_1] He was speaking at a sector exclusive forum to discuss 'Investing into India's burgeoning Insurance Ecosystem', here organised by the Indian Venture & Alternate Capital Association (IVCA), the apex industry body for alternative assets. "The market (insurance) size is estimated to reach USD200 bn by FY '27 at the

Read More
IRDAI | Small Business: IRDAI panel suggests ‘micro insurance’ modules for low-income group, small businesses

IRDAI | Small Business: IRDAI panel suggests ‘micro insurance’ modules for low-income group, small businesses

[ad_1] A committee appointed by regulator IRDAI has suggested over a dozen low-cost "micro insurance" modules with a view to expand protection plans for uncovered population and small businesses. The committee has suggested that the insurers should be allowed to adopt a modular approach using various permutations and combinations for Combi

Read More
IRDA increases investment limit in BFSI sector

IRDA increases investment limit in BFSI sector

[ad_1] The Insurance Regulatory and Development Authority of India (IRDAI) has increased the investment limit by insurance companies to invest in the financial sector to 30% from 25% freeing up more money for investments in stocks and bonds in the sector. "The authority... permits all insurers to have exposure to financial

Read More
Irdai proposes to standardise administration of group health insurance products

Irdai proposes to standardise administration of group health insurance products

[ad_1] Insurance regulator Irdai on Thursday proposed rationalisation and standardised administration of group health policies. Group insurance facilitates enhancing the access to insurance to both formal and informal sectors of the society, Irdai said, while issuing the 'exposure draft on group insurance products under health insurance business and other operational matters'. If

Read More
Majority wants insurers to restart sending physical copies of policy documents, says survey

Majority wants insurers to restart sending physical copies of policy documents, says survey

[ad_1] A majority of individuals want insurance companies to restart sending them physical copies of their insurance documents along with digital format as COVID-19 cases have ebbed, according to a survey. Almost 88 per cent of the respondents prefer to have a physical copy of their insurance document as insurance

Read More
IRDAI will relook at regulations, capital requirements, says chairman

IRDAI will relook at regulations, capital requirements, says chairman

[ad_1] The Insurance Regulatory and Development Authority of India (IRDAI) will relook at regulations, capital requirements and introduce new products to widen the penetration and give insurers more flexibility in their operations, chairman Debashish Panda said. Working groups will be formed to relook at current regulations with an aim to lighten

Read More
Irdai seeks revised business plans from three public insurance companies

Irdai seeks revised business plans from three public insurance companies

[ad_1] Insurance sector regulator Irdai has sought revised business plans from three state-owned general insurance companies - National Insurance Company Ltd, United India Insurance Company Ltd and Oriental Insurance Company Ltd - that are facing financial issues, a top official said. The three state-owned general insurance players will have to

Read More
Ex-financial services secretary Debasish Panda appointed new IRDAI chief

Ex-financial services secretary Debasish Panda appointed new IRDAI chief

[ad_1] The government on Friday appointed former financial services secretary Debasish Panda as chairman of the Insurance Regulatory and Development Authority of India (IRDAI). The Appointments Committee of the Cabinet has approved Panda's appointment as chairperson of the insurance regulator initially for a period of three years from the assumption

Read More

Irdai red-flags one chairman for 2 insurers

[ad_1] The insurance regulator has raised corporate governance concerns over the government's move to appoint one person as chairman of two state-run insurers. The government had sought Insurance Regulatory and Development Authority of India's (Irdai) approval to appoint Anjan Dey as acting chairman of New India Assurance, a charge he already

Read More

LIC sees dip in policy issuance due to pandemic

[ad_1] Life Insurance Corporation (LIC) has disclosed that the total number of individual and group policies has witnessed a decline due to the COVID-19 pandemic. "Our total number of individual policies and group policies (in terms of lives insured) issued in India decreased by 16.76 per cent from 75 million

Read More