IRDAI PRODUCT REGULATION 2013
IRDAI in favour of 100% FDI for entire insurance intermediary sector
The increase in foreign direct investment (FDI) limit to 100 per cent will not result in significant inflow of foreign capital.
Irdai to develop 'sandbox' approach for fintech-related products
Loosely defined, a sandbox approach means experimenting and learning before ...
IRDAI introduces third-party motor insurance premium for electric vehicles at 15% discount
At present, there is no separate category for elec...
Irdai mulls offering installment mode of insurance claim settlement for certain policies
Irdai wants to change the concept of settlement in personal accident and benefit-based health insurances.
Irdai allows PoS to distribute all micro-insurance products
A micro-insurance policy is a general or life insurance policy with a sum assured of Rs 50,000 or less.
Why Ulips are useless as insurance products: View
The insurance cover provided by Ulips is far from adequate. One should get pure term insurance and then think of investment avenues.
Reinsurance regulations to be out by February end: IRDAI
"The reinsurance regulations are coming by February end," Vijayan, who is retiring in the end of February, told reporters here at FICCI Annual Insurance Summit.
Axis may have to fork out more to hike Max Life stake
These include the Japanese firm Sumitomo, Axis Bank and other smaller shareholders.
IRDAI: The key that can give India access to infra funds worth $4.5 trillion
Long-gestation projects require long-term funding, and here is what has denied India access to it.
Housing loans insurance has been launched: Finance Minister
Insurers can charge single or regular premiums and issue policies to banks desirous of covering the risk of death on the lives of borrowers.
How new vehicle owners can buy, renew 1-year own damage cover with long term third-party insurance
With the new guidelines issued by IRDAI, one will now get the flexibility to buy these two insurance covers separately, either from the same insurer or from different insurers.
Irdai proposes changes to policy revival norms; hikes surrender benefits
It has proposed a minimum death benefit of seven times for regular premium products and 1.25 times for single premium products for all ages.
Insurers to make available standalone 'own damage' motor policy from September 1
Consequently, the issuance of bundled policies for cars and two-wheelers will not be compulsory from September 1, the Insurance Regulatory and Development Authority of India (Irdai) said.
Modi’s goal of a $5 trillion economy by 2025 is at risk
New measures by the government to bolster growth are seen falling short of addressing pain points.
Women buy a 3rd of life insurance covers: IRDAI
While women constitute nearly 48% of the country’s population, their contribution to the number of life policies bought in 2017-18 stood at 32% of the 2.82 crore policies sold.
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