INSURANCE REGULATORY AND DEVELOPMENT AUTHORITY
Airtel offers Rs 179 Prepaid plan with life insurance of Rs 2 lakh
"Priced at... Rs 179, Airtel's new prepaid bundle offers unlimited calling to any network, 2 GB data, 300 SMS along with a term life cover of Rs 2 lakh from Bharti AXA Life Insurance," the company said in a statement.
IRDAI chief cautions insurers against predatory pricing
"I would like to give a word of caution here. Though your (insurance brokers) share i...
New broadcasting framework for consumer protection: Trai
"The new framework is consumer-friendly and addresses the issues of stakeholders. We...
Insurance intermediaries with majority foreign stake can't repatriate over 75% as dividend: IRDAI
On the quantum of dividend payable, it said: "The dividend payout ratio shall not exceed 75 per cent. Dividend payout ratio shall be calculated as a percentage of 'dividend payable in a year' (excluding dividend tax) to 'profit after tax during the year'.
IRDAI proposes to standardise, simplify policy wordings of health indemnity insurance policies
The objective of the guidelines on 'Standardization of General Clauses in Health Insurance Policy Contracts' is to standardise the common general clauses incorporated in indemnity based health insurance policies.
Life insurers may log strong new business
Life insurers such as ICICI Prudential, HDFC Life and SBI Life are set for a quarter of strong new business growth driven by increasing margin gains in protection business, expanding distribution network and robust premium even as some insurers may see increased stress in certain portfolios due to a slowing economy.
Start work or pay Rs 1 crore fine a day, H-Rera tells Greenopolis builders
The Haryana Real Estate Appellate Tribunal had earlier rejected developers’ plea to stay the order passed by H-Rera in January last year, where H-Rera imposed a penalty on the developers and attached 10 acres of their land for not completing the project on time.
MahaRERA says industry units not under purview
The Maharashtra Real Estate Regulatory Authority (MahaRERA) has in a recent order held that industrial units or buildings part of such units would not come under the purview of the Real Estate (Regulation and Development) Act, 2016.
Standardised health insurance to help with portability: Tapan Singhel, Bajaj Allianz General Insurance
Liability insurance moving up very fast in times to come, says Singhel
Non-life insurers log 12% rise in premium at Rs 15,981 cr in Dec 2019
Of all the insurers, 25 general insurance firms reported a rise of 4 per cent in their combined premium during December at Rs 14,037.51 crore, as against Rs 13,502.48 crore in the year ago period.
Centre notifies new Wetland Conservation Rules, asks states, UTs to set up authority
The ministry has also directed that each state and Union Territory will have to set up an authority that will define strategies for conservation and wise use of wetlands within their jurisdiction.
10 things to know about the standard health insurance policy an insurer has to offer
According to IRDAI, the policy will be named as Arogya Sanjeevani Policy, succeeded by the name of the insurance company. The regulator said, no other name is allowed in any of the documents.
Offer standard health policies with maximum sum insured Rs 5 lakh: Irdai to insurers
Irdai has issued guidelines on standard individual health insurance, asking insurers to cover basic health needs.
IRDAI makes it easier for you to port your health insurance policy to a different insurer
"Portability" means, the right accorded to individual health insurance policyholders to transfer the credit gained for pre-existing conditions and time-bound exclusions, from one insurer to another insurer, as per the circular.
TRAI extends deadline for comments on issue of transparency in publishing of tariff offers
No further request for extension would be entertained, TRAI said in a statement. Last month, telecom regulator had invited public views on enhancing transparency in disclosure of phone services rates and mooted an idea of introducing tariff calculator to help customers find the best plans to suit their usage.
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