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Thursday, March 4, 2021

IRDAI

Life insurance companies to offer ‘Saral Jeevan Bima’ from Jan 1

New Delhi, Oct 16 (IANS) The Insurance Regulatory and Development Authority of India (Irdai) has directed all life insurance companies to offer a standard term insurance plan - Saral Jeevan Bima - from January 1 next year. "Customers who cannot...

IRDAI panel suggests lower capital requirement for microinsurance firms

New Delhi, Oct 11 (IANS) A committee constituted by the Insurance Regulatory and Development Authority of India (IRDAI) has suggested that the capital requirement for entities entering into the microinsurance segment should be lowered to Rs 20 crore. Currently the...

Settle Covid-19 claims if patient admitted in temporary hospital: IRDAI

Chennai, July 17 (IANS) The Insurance Regulatory and Development Authority of India (IRDAI) has asked non-life insurers to settle Covid-19 claims even if the patient is admitted in makeshift or temporary hospitals recognised by the government. In a circular, the...

Act against hospitals denying cashless Covid-19 treatment: IRDAI

Chennai, July 15 (IANS) The Insurance Regulatory and Development Authority (IRDAI) has asked insurers to take action against hospitals that decline cashless treatment facility for Covid-19 to policyholders. Citing complaints against such hospitals' refusal despite their agreements with insurers and...

IRDAI sets up group to find space for selling Surety Bonds

Chennai (IANS) The Insurance Regulatory and Development Authority of India (IRDAI) has set up a nine member working committee to look at the possibility of Indian non-life insurers offering Surety Bond to contractors. The IRDAI has set up the committee...

Disclose health claims settlement data: IRDAI to insurers

Chennai, June 10 (IANS) In order to increase transparency about servicing health insurance claims, the Indian insurance regulator on Wednesday directed general and standalone health insurers to publish quantitative and qualitative data on their websites. In a guideline on public...

Govt to make single regulator for pension products to tap long term funds

New Delhi, Jan 14 (IANS) A unified pension products regulator is on the anvil consolidating supervisory powers from SEBI, IRDAI where all superannuation products, schemes and corpus of private insurers will be under the single authority in a bid...

Latest News

India Inc asks Haryana to reassess reservation in private sector

New Delhi, Mar 3 (IANS): India Inc is against restrictions on the industry and has asked Haryana to reassess the...