How IRDAI protects policyholders from crises at insurance companies
Insurers are required to follow certain investment norms, like they cannot invest in debt securities with a rating below AAA. If any asset is impaired and the rating falls below AAA, it has to be marked to market. The insurer cannot hide this.
IRDAI asks Reliance Health Insurance to stop selling new policies
So far as policyholders of RHICL are concerned, the Authority would like to...
LIC allows revival of lapsed policy of over 2 years
Earlier, all policies taken after Jan 2014 could not be revived if they remained in lapse...
SBI Life fined Rs 4 lakh by Irdai for violating norms on protection of policyholders
Insurance sector regulator Irdai has imposed a fine of Rs 4 lakh on SBI Life Insurance Company Ltd for violating norms on advertisement and protection of policyholders' interest.
IRDAI issues new norms to curb life insurance misselling, makes illustrations mandatory
The IRDAI has asked insurers to start providing benefit illustrations to policy holders
All you need to know about assigning life insurance policy
The insured needs to either endorse the policy document or make a deed of assignment and register the same with the insurer.
IRDAI proposes to reduce sum insured on standard health indemnity insurance to Rs 5 lakh
IRDAI proposed to mandate all general and health insurers to offer a standard indemnity-based health insurance product with a sum insured ranging from Rs 1,00,000 to Rs 5,00,000 on individual as well as family floater basis
IRDAI sets up single point of contact for regulatory sandbox
The Insurance Regulatory and Development Authority of India (Irdai) has already invited applications for the RS from September 15 to October 14, 2019.
HDFC acquires Apollo Munich Health Insurance. What this means for a policyholder
Your existing policy contract, features, benefits, terms & conditions, will not undergo a change till expiry.
Irdai asks insurers to share status of claims with policyholders from Jul 1
Clear communication play a vital role in servicing of insurance policies and in ensuring that the benefits of insurance policies flow to the beneficiaries in a timely manner.
What happens when you stop paying ULIP policy premium during lock-in period
At times, a policyholder may want to discontinue the Ulip, either because he is not happy with the policy or there are some issues with paying the premium.
Claim settlement process of health insurance: TPA Vs In house claim department
In the in-house claim settlement process, instead of taking the services of a TPA, insurers set up an entire department within their own company to provide claim services.
Mediclaim policyholders can seek interest for delay in claim payment
Ruling in favour of a woman who was reimbursed almost three years after her claim, the commission said that she was entitled to 9% interest on the amount.
Regulator may tweak rules governing Ulips
At present, units are deducted from Ulips if one buys riders with it.
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