Irdai

Showing of 1 - 20 from 80 results
Irdai - Total results - 80
Valid pollution control certificate a must to renew car insurance; not needed for claims: IRDAI
News & Analysis

Valid pollution control certificate a must to renew car insurance; not needed for claims: IRDAI

The apex court called on general insurance companies to ensure that the rule is followed scrupulously, with special focus on compliance in Delhi–NCR.

Coronavirus Outbreak: Nirmala Sitharaman chairs FSDC panel meeting, takes stock of economy
Business

Coronavirus Outbreak: Nirmala Sitharaman chairs FSDC panel meeting, takes stock of economy

Finance Minister Nirmala Sitharaman on Thursday reviewed the state of the economy at the meeting of the Financial Stability and Development Council (FSDC), in view of disruptions caused by the COVID-19 pandemic

Nirmala Sitharaman calls FSDC panel meeting on Thursday, to discuss impact of COVID-19 on economy
Business

Nirmala Sitharaman calls FSDC panel meeting on Thursday, to discuss impact of COVID-19 on economy

Finance Minister Nirmala Sitharaman has called a meeting of the Financial Stability and Development Council (FSDC) on Thursday, which among other things will discuss the impact of COVID-19 on the financial sector and the economy

IRDAI sets up panel to draft standard professional indemnity policy for insurance intermediaries; asks to submit report in one month
Business

IRDAI sets up panel to draft standard professional indemnity policy for insurance intermediaries; asks to submit report in one month

Insurance intermediaries such as insurance brokers, insurance web aggregators, and corporate agent are required to take professional indemnity insurance policies governed by different regulations.

Life insurance companies register 11.4% growth in premium income in FY20; LIC logs 22.5% decline
Business

Life insurance companies register 11.4% growth in premium income in FY20; LIC logs 22.5% decline

India's life insurance companies clocked 11.36 percent growth in their collective premium income at Rs 48.26 lakh crore during the fiscal ended March 2020, data from IRDAI showed

Coronavirus Outbreak: IRDAI allows insurers to collect health insurance premiums in instalments
Business

Coronavirus Outbreak: IRDAI allows insurers to collect health insurance premiums in instalments

IRDAI has allowed insurers to collect health insurance premiums in instalments for products they deem appropriate, in view of the prevailing conditions due to COVID-19 outbreak, which has adversely affected economic activities

Insurance regulator IRDAI asks health insurers to settle claims within two hours as COVID-19 scare spreads
Business

Insurance regulator IRDAI asks health insurers to settle claims within two hours as COVID-19 scare spreads

In light of prevailing conditions owing to COVID-19 as also taking into consideration the need for alleviating the pressure on the healthcare infrastructure, all the insurers shall decide health insurance claims expeditiously, it said in a circular.

Coronavirus lockdown: Premium payment date for renewal of health, motor insurance policies extended till 15 May
Business

Coronavirus lockdown: Premium payment date for renewal of health, motor insurance policies extended till 15 May

To help out people whose health and motor insurance policies are due for renewal during the coronavirus lockdown, the government has extended the renewal date till 15 May.

Edelweiss General Insurance to cover quarantined patients under policy cover of COVID-19; offers up to 100% of claim amount
Business

Edelweiss General Insurance to cover quarantined patients under policy cover of COVID-19; offers up to 100% of claim amount

This approval will be applicable, both for Edelweiss health insurance and Edelweiss group health insurance policies, till such time that the virus is declared as abated by the Government and/ or WHO, it said further.

Insurance watchdog IRDAI says 'yet to get' proposal from LIC on IPO; announcement made during Budget 2020
Business

Insurance watchdog IRDAI says 'yet to get' proposal from LIC on IPO; announcement made during Budget 2020

Khuntia said only LIC has undertaken efforts on micro-insurance and exhorted others to fasten up on the same given the needs in India

LIC's new business premium crosses Rs 1.5 lakh cr for first time in history, reports 17.48% growth till January 2020
Business

LIC's new business premium crosses Rs 1.5 lakh cr for first time in history, reports 17.48% growth till January 2020

During the current financial year, LIC has paid 1,42,93,289 maturity claims amounting to Rs 69,748 crore as of 31 January 2020.

Reliance Capital shares jump nearly 5% intra-day; gets a boost after IRDAI restores 100% shareholding in insurance arm
Business

Reliance Capital shares jump nearly 5% intra-day; gets a boost after IRDAI restores 100% shareholding in insurance arm

Reliance capital stated that the IRDAI directed trustee not to give effect to any encumbrance/transfer or any change in the shareholding of the RGICL.

Life insurers bat for hike in foreign investment limit to 100% from current 49% in sector through automatic route
Business

Life insurers bat for hike in foreign investment limit to 100% from current 49% in sector through automatic route

Life insurers have sought 100 percent foreign direct investment (FDI) limit for the sector through automatic route, which can help the sector attract capital of Rs 40,000-60,000 crore

Irdai proposes changes in vehicle depreciation calculation; invites comments from stakeholders by 16 December
Business

Irdai proposes changes in vehicle depreciation calculation; invites comments from stakeholders by 16 December

For vehicles older than three years, depreciation would gradually increase from 40 percent to 60 percent up to 7 years

Govt to set up unified regulator for IFSCs; bill to be introduced in Lok Sabha after withdrawal from Rajya Sabha
Business

Govt to set up unified regulator for IFSCs; bill to be introduced in Lok Sabha after withdrawal from Rajya Sabha

Currently, the banking, capital markets and insurance sectors in IFSC are regulated by multiple regulators—the RBI, SEBI, IRDAI

Nirmala Sitharaman to review state of economy at FSDC meeting today; measures taken to boost growth to be assessed
Business

Nirmala Sitharaman to review state of economy at FSDC meeting today; measures taken to boost growth to be assessed

This would be the second meeting of the FSDC after the Modi 2.0 government assumed office.

LIC allows revival of lapsed policy of over 2 years; move aims at improving persistency ratio
Business

LIC allows revival of lapsed policy of over 2 years; move aims at improving persistency ratio

With a view to extend the benefit of continued life cover, LIC approached IRDAI and extended the benefit of longer revival period to even those policyholders who bought policies post-1 January 2014, LIC said.

Govt begins process to appoint two whole-time members at IRDAI as current officials' term ends next year
Business

Govt begins process to appoint two whole-time members at IRDAI as current officials' term ends next year

The posts have a tenure of maximum period of five years or up to 62 years of age, whichever is earlier, according to IRDAI website.

Mental health illness, stress and menopause related ailments to be included in insurance cover
science

Mental health illness, stress and menopause related ailments to be included in insurance cover

Epilepsy, HIV/AIDS, Alzheimer’s and Parkinson’s, physical disabilities will not be covered by insurance policies.

RBI task force moots central corporate loan contract registry; suggests creation of self-regulatory body of participants
Business

RBI task force moots central corporate loan contract registry; suggests creation of self-regulatory body of participants

The six-member task force was formed to examine the scope for developing a secondary market for corporate loans and make recommendations to facilitate rapid development of such a vibrant market.