IRDAI PRODUCT REGULATION 2013
How new insurance, pension proposals can impact you
Currently, insurers are required to offer a minimum cover of 10-times the annual premium to those under 45 and 7-times to those over 45.
National Statistical Commission to get more teeth in 100 days
Changes likely in the institutional and legal framework of the statistics body ...
IRDAI tells SBI Life again to refund policyholders
In 2012, the Insurance Regulatory and Development Authority of India had found SBI Life gu...
Important watchouts while filling motor insurance claim form
It is important to consider few things when it comes to filling the claim form, filing it, and settling the final claim with the insurance company.
How to choose long-term car insurance policy
Post Supreme Court and Irdai orders, several long-term motor insurance policies have hit the market. Find out how to choose the best combination.
Individuals, marketing firms to soon be part of Irdai database
Point of sale persons (POS), corporate agents, qualified insurance brokers and authorised verifiers of web aggregated are part of the database currently.
IRDAI slaps Rs 15 lakh fine on HDFC Standard Life Insurance
Regulator Irdai has imposed a penalty of Rs 15 lakh on HDFC Standard Life Insurance for violation of various regulations including the one for payment to brokers under the name of skill building.
As market evolves, OPD covers will become key products: Ashish Mehrotra, Max Bupa Health Insurance
"Our philosophy is to manage customers throughout their lives," Ashish Mehrotra MD & CEO, Max Bupa Health Insurance
Thanks to product mix, we hope to continue the momentum in Q4: S Sreenivasan, Bajaj Finserv
As of now, we are committed to keeping at least 51% in Bajaj Finance, says Sreenivasan.
Ease G-Sec rule for insurance companies: IRDAI panel
According to the report, there is a need to lower the mandatory proportion of 'G-Secs' in the life fund and the pension & general annuity funds and allow for more exposure in alternative higher yielding assets.
Should you buy annuities when rates are high? These 6 factors will help you decide
Insurance companies usually review their annuity rates on a monthly basis, so the reduction may happen at the beginning of next month.
Car insurance premium up sharply: Compulsory personal accident cover hiked to Rs 15 lakh
IRDAI has asked insurers to provide a minimum cover of Rs.15 lakh under PAC for Owner-Driver at the premium rate of Rs 750 per annum for annual policy.
Wearable gadgets could soon be part of insurance policy: Irdai
The 10-member working group will examine the role of innovation in insurance involving wearable/portable devices.
IRDAI issues new norms for mediclaim policies
Misselling is a huge problem for the insurance industry as, of 1.72 lakh complaints in 2016-17, about 50 per cent related to unfair business practices.
New third-party motor insurance rules: Who pays more and what happens to NCB
Following a Supreme Court order, the insurance regulator has asked all general insurance companies to offer long-term third-party motor covers.
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