IRDAI

Corona Kavach health insurance policy on offer from today: Know all about premium, tenure, benefits

It is mandatory for general and health insurers to provide the reimbursement-based standard COVID-19 product, while offering the benefit-based product is optional for all insurers.

Jul 10, 2020, 15:38 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 withdraws long-term third party insurance cover for new cars, 2-wheelers from August 1

Except for the withdrawal of the long-term package products with effect from August 1, all other extant provisions shall continue.

Jun 10, 2020, 09:43 AM 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 allows insurers to collect health insurance premiums in instalments amid COVID-19 crisis

The premium payment frequency could be monthly, quarterly or half-yearly.

Apr 22, 2020, 16:16 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

Collective new premium of 24 life insurers jumps 94% to Rs 32,241 crore in June

The April-June, 2019-20 collective new premium income of 24 life insurers jumped 65.09 percent to Rs 60637.22 from Rs 36729.80 as compared to the same quarter last year.

Jul 15, 2019, 17:56 PM IST

Third-party insurance premium for cars, two-wheelers to be hiked from June 16

Customers can also pay single premium rate -- 3-year for new cars and 5-year for new two wheelers.

Jun 05, 2019, 13:21 PM IST

Irdai proposes non-exclusion of critical illnesses in health policies

With the increase in the number of health insurance companies as well as health insurance products in the market, Irdai in draft guidelines proposes that the health insurance industry should adopt a uniform approach while incorporating exclusions in the health insurance products.

May 18, 2019, 17:46 PM IST

Irdai asks insurers to share status of claims with policyholders from July 1

Irdai also asked insurers -- life, health and general -- to send all communication about issuance and servicing of policies through letter, e-mail, SMS or any other electronic form approved by it.

Apr 11, 2019, 09:04 AM IST

Policy holders may get option to get accident/health claim benefits in installments

Insurance Regulatory and Development Authority of India (Irdai) had set up a working group to study the proposal.

Jan 22, 2019, 12:22 PM IST

Insurance industry goes on tech drive to expand coverage

Irdai proposed to encourage companies to develop new technologies, asked insurers to make their products more attractive and customer friendly.

Dec 31, 2018, 11:53 AM IST

Irdai allows single personal accident cover for multiple vehicles

Currently, a vehicle buyer has to buy a CPA for every vehicle he or she purchase.

Dec 13, 2018, 12:32 PM IST

Reliance Health Insurance gets final nod from Irdai to start ops

The company plans to commence operations by the December quarter of 2018.

Oct 05, 2018, 14:24 PM IST

IRDAI extends deadline for insurance policies until SC decides the matter

The Insurance Regulator and Development Authority of India decision to indefinitely extend the March 31 deadline comes in wake of the Supreme Court order.

Mar 25, 2018, 20:22 PM IST

Cost standardisation in health insurance need of hour: Vijayan

Irdai chief T S Vijayan also laid a premium on insurers making their policies simple and affordable for a wider reach so that these are availed by the needy and the uncovered.

Dec 18, 2017, 13:19 PM IST

Take measures to fix cyber security gaps: IRDAI to insurers

Insurers have also been asked to firm up their Cyber Crisis Management Plan (CCMP) for handling cyber incidents more effectively.

Oct 13, 2017, 18:24 PM IST

ICICI Lombard gets Sebi go-ahead for Rs 6,000 crore IPO

In case of SBI Life, the market regulator received the required details from IRDAI on August 28 and the case is currently "under process" at Sebi's end.

Sep 05, 2017, 17:20 PM IST

Sahara to challenge IRDAI order on life insurance biz transfer to ICICI Prudential

Embattled Sahara group on Sunday said it will approach court of law against IRDAI order directing transfer of its life insurance business to ICICI Prudential and alleged that the insurance regulator has "wrongly concluded" that the promoter was no more 'fit and proper' and a sum of Rs 78 crore was siphoned.

Jul 30, 2017, 17:50 PM IST