Insurance Regulatory and Development Authority of India

What is the Saral Jeevan Bima Policy?

This term plan called the Saral Jeevan Bima is on the lines of the standard health insurance policy – the Arogya Sanjeevani Policy. It shares similar features across all insurers and aims to make low-cost term insurance a widespread reality.

Jun 14, 2021, 19:19 PM IST

New IRDAI rules for designing, pricing of general insurance products

The proposed regulations provide the basic framework and reflect the fundamental principles to be followed in respect of product design and pricing, said Insurance Regulatory and Development Authority of India (IRDAI).

Apr 06, 2021, 17:38 PM IST

Irdai allows insurers to offer Arogya Sanjeevani Policy for sum insured above Rs 5 lakh

The insurers can launch the modified policy with immediate effect.

Jul 08, 2020, 10:49 AM IST

Suggest names for 3 insurance policies and win Rs 10,000 from Irdai

Participants are required to send their entries to Irdai by July 10.

Jun 29, 2020, 18:09 PM IST

IRDAI extends Life Insurance policy premium payment date – Here’s what policy holders should know

Earlier, IRDAI had announced on March 23 2020 and April 4 2020, additional Grace Period of 30 days for the policies where premium fell due in the months of March 2020 and April 2020.

May 11, 2020, 14:02 PM IST

IRDAI mulls idea to link your insurance premium to traffic violations

A High Powered committee has requested IRDAI to examine the establishing of a system of linking of motor insurance premium with traffic violations.

Sep 09, 2019, 17:02 PM IST

Irdai asks insures for easy crop insurance claim settlement, use of vernacular language

Irdai, in a circular, said there is a need for effective implementation of crop insurance schemes.

Mar 25, 2019, 17:39 PM IST

Irdai forms panel for reinsurance framework review

Insurance regulator Irdai has set up a 17-member committee to conduct a comprehensive review of the existing reinsurance framework.

May 08, 2017, 18:06 PM IST

General insurance premium set to go up from April 1

Car, motorcycle and health insurance will cost more from April 1 with regulator Irdai giving go-ahead to insurers for revision in commission for agents. The change in premium after modification will be limited to +/- 5 per cent of the existing rates. 

Mar 26, 2017, 17:46 PM IST

Irdai to form actuary panels for life, general insurers

General and life insurance companies will be able to engage actuaries as the regulator Irdai will soon form panel of such analysts.

Feb 20, 2017, 18:57 PM IST

Insurance e-commerce draft policy lauded by insurance companies

Insurance companies are enthusiastic about the proposed guidelines on selling and servicing of policies through e-commerce platform that aims to do away completely with any kind of physical intervention.

Jun 11, 2016, 18:35 PM IST

Soon, pay health insurance premium in instalments

Zee Media Bureau

New Delhi: Your health insurance provider is soon likely to offer you an option to part pay your insurance premium.

May 13, 2016, 16:43 PM IST

Irdai slaps Rs 15 lakh penalty on New India Assurance

Insurance regulator Irdai has slapped a penalty of Rs 15 lakh on public sector general insurer New India Assurance Co Limited for violating various insurance norms

Mar 17, 2016, 20:42 PM IST

Bupa to acquire additional 23% stake in Max Bupa for Rs 191 crore

UK's Bupa will increase its stake in Indian health insurance venture Max Bupa by 23 per cent to 49 per cent for Rs 191 crore.

Nov 23, 2015, 17:39 PM IST

Absence of policy-holders' voice in the panel on motor insurance unfair: Insurance regulator

The absence of any representative to voice the views of motor insurance policy-holders in a committee set up by IRDAI to bring clarity and transparency in payouts made to auto dealers is unfair, say industry experts.

Nov 23, 2015, 14:45 PM IST

Insurers/TPAs should tell hospitals to reflect discounts in bills: IRDA

In a policyholder friendly measure, the Indian insurance regulator has proposed that insurers and health insurance claims processing agencies should mandate hospitals to reflect the negotiated discounts on the bills so that the policyholders are aware of the actual rates.

Jun 18, 2015, 21:16 PM IST

SAT may hear SBI Life case against IRDAI this week

The Securities Appellate Tribunal (SAT) has served a notice to Insurance Regulatory and Development Authority of India (IRDAI) in adjudication of a case relating to SBI Life, the life insurance arm of SBI.

May 03, 2015, 12:41 PM IST

IRDAI wants insurers to stick to grievance redressal norms

IRDAI feels that this is giving rise to "aggravated customer dissatisfaction and escalation of complaints to higher authorities".

Apr 26, 2015, 14:10 PM IST

Insurer cannot refuse third party insurance: IRDAI

The Insurance Regulatory and Development Authority of India (IRDAI) Thursday said that no insurer can refuse to underwrite third party insurance.

Mar 19, 2015, 22:11 PM IST

Insurers to pay upto Rs 1cr fine on violations by agents: IRDAI

The country's insurance regulator Tuesday said an insurer will be responsible for all acts and omissions of its agents and will be liable to a penalty of up to Rs 1 crore.

Mar 17, 2015, 23:43 PM IST