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insurance act

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Insurance Marketing Firm Registration for Pvt Ltd Companies: Process & Benefits

Corporate Law : Learn about IMF Registration for private limited companies, its process, requirements, and benefits. Expand into insurance marketi...

March 4, 2025 342 Views 0 comment Print

How to Apply for a Surveyor and Loss Assessor License in India?

Corporate Law : Learn how to apply for a Surveyor & Loss Assessor License in India. Check eligibility, required documents, fees, and IRDAI exam de...

February 5, 2025 336 Views 0 comment Print

Budget 2025: Increase in TDS Threshold for Section 194D Insurance Commission

Income Tax : Section 194D now increases the threshold for tax deduction on insurance commissions from Rs. 15,000 to Rs. 20,000, effective from ...

February 2, 2025 840 Views 0 comment Print

A Comprehensive Guide to Best Term Insurance Plans for ₹2 Crore Coverage

Finance : When it comes to insurance policies for your family’s finances, choosing the right term insurance is very essential. Although, t...

December 11, 2024 1092 Views 0 comment Print

Overview of IRDAI (Registration, Capital Structure, Transfer of Shares and Amalgamation of Indian Insurance Companies) Regulations (2024): Critical Analysis

Corporate Law : IRDAI’s 2024 regulations simplify processes for registration, share transfers, and mergers of Indian insurance companies, aiming...

December 8, 2024 420 Views 0 comment Print


Latest News


IRDAI Allows Insurers to Hedge Equities With Derivatives

Corporate Law : IRDAI permits insurers to use equity derivatives for hedging, aiming to reduce portfolio risks amid market volatility. Strict comp...

March 2, 2025 282 Views 0 comment Print

Reduction of Entry Age and Increase in Premium Amount in LIC

Corporate Law : LIC adjusts entry age, minimum sum assured, and agent commissions. Government provides insights on these changes, addressing conce...

December 11, 2024 240 Views 0 comment Print

Reasons for High Health Insurance Premiums in India

Corporate Law : Govt. responds to concerns over high health insurance premiums, citing actuarial principles and IRDAI regulations to ensure fair p...

December 6, 2024 348 Views 0 comment Print

IRDA (Insurance Advisory Committee) (Amendment) Regulations, 2024

Corporate Law : IRDAI revises regulations for the Insurance Advisory Committee, enhancing meeting flexibility and clarifying advisory roles. Publi...

November 8, 2024 708 Views 0 comment Print

Draft IRDA (Re-Insurance Advisory Committee) (Amendment) Regulations, 2024

Corporate Law : IRDAI proposes updates to re-insurance committee regulations, introducing flexibility in meetings and member resignation or remova...

November 8, 2024 165 Views 0 comment Print


Latest Judiciary


Doubt in Surveyor’s Report Leading to Non-Assessment by Insurance Company constitute Service Deficiency

Corporate Law : In present facts of the case, the National Commission observed that where the Final Surveyor’s Report credibility becomes doubtf...

October 12, 2023 1065 Views 0 comment Print

Insurance Policy applicable to whole India & not limited to concerned premises of Insured

Corporate Law : In present facts of the case, the National Commission allowed the Revision Petition filed by the Complainant by making observation...

October 11, 2023 660 Views 0 comment Print

Insurance Claim Rejection Unjustified: No Link Between Depression & Fatal Cardiovascular Arrest

Corporate Law : In present facts of the case, the Revision Petition have been filed by the Petitioner – LIC against Respondents under section 21...

October 11, 2023 780 Views 0 comment Print

Motor Accident Claim: Tyre Burst is not an ‘Act of God’ & Insurance Company is liable to pay Compensation

Corporate Law : Tyre burst is not an act of God but a consequence of negligence and the Driver/ Insurance company cannot be exonerated for the sam...

March 16, 2023 3873 Views 0 comment Print

Court is required to ensure that prima facie a genuine arbitrable dispute exists

Corporate Law : Oriental Insurance Company Limited Vs Dacite Furnishing Limited (Supreme Court) For deciding the application under Section 11(6) o...

December 28, 2022 1323 Views 0 comment Print


Latest Notifications


IRDAI Issues Guidelines on Hedging via Equity Derivatives

Corporate Law : IRDAI allows insurers to hedge equity risks using derivatives. The guidelines specify permitted instruments, risk management, and ...

March 2, 2025 390 Views 0 comment Print

IRDAI Sets 4% Reinsurance Cession for 2025-26

Corporate Law : IRDAI mandates a 4% obligatory cession to GIC Re for 2025-26, excluding terrorism and nuclear risks. Learn about commission rates ...

March 2, 2025 138 Views 0 comment Print

IRDAI Fines UIB Insurance Brokers ₹1 Crore for Premium Remittance Delay

Corporate Law : IRDAI penalizes UIB Insurance Brokers ₹1 crore for delayed premium remittances. The company must review pending transactions and...

February 19, 2025 117 Views 0 comment Print

One-Time UPI Mandate for Premium Blocking: Bima-ASBA for Life & Health Insurance

Corporate Law : IRDAI introduces Bima-ASBA via UPI for secure insurance premium payments. Funds blocked until proposal acceptance. Effective from ...

February 18, 2025 255 Views 0 comment Print

IRDAI Limits Health Insurance Premium Rate Hike for senior citizens

Corporate Law : IRDAI caps annual premium hike for senior citizens' health insurance at 10%, mandates prior consultation for higher revisions, and...

January 30, 2025 492 Views 0 comment Print


Latest Posts in insurance act

Insurance Marketing Firm Registration for Pvt Ltd Companies: Process & Benefits

March 4, 2025 342 Views 0 comment Print

Learn about IMF Registration for private limited companies, its process, requirements, and benefits. Expand into insurance marketing with IRDAI approval.

IRDAI Issues Guidelines on Hedging via Equity Derivatives

March 2, 2025 390 Views 0 comment Print

IRDAI allows insurers to hedge equity risks using derivatives. The guidelines specify permitted instruments, risk management, and reporting requirements.

IRDAI Allows Insurers to Hedge Equities With Derivatives

March 2, 2025 282 Views 0 comment Print

IRDAI permits insurers to use equity derivatives for hedging, aiming to reduce portfolio risks amid market volatility. Strict compliance guidelines apply.

IRDAI Sets 4% Reinsurance Cession for 2025-26

March 2, 2025 138 Views 0 comment Print

IRDAI mandates a 4% obligatory cession to GIC Re for 2025-26, excluding terrorism and nuclear risks. Learn about commission rates and profit-sharing terms.

IRDAI Fines UIB Insurance Brokers ₹1 Crore for Premium Remittance Delay

February 19, 2025 117 Views 0 comment Print

IRDAI penalizes UIB Insurance Brokers ₹1 crore for delayed premium remittances. The company must review pending transactions and improve compliance processes.

One-Time UPI Mandate for Premium Blocking: Bima-ASBA for Life & Health Insurance

February 18, 2025 255 Views 0 comment Print

IRDAI introduces Bima-ASBA via UPI for secure insurance premium payments. Funds blocked until proposal acceptance. Effective from March 1, 2025.

How to Apply for a Surveyor and Loss Assessor License in India?

February 5, 2025 336 Views 0 comment Print

Learn how to apply for a Surveyor & Loss Assessor License in India. Check eligibility, required documents, fees, and IRDAI exam details for a smooth application process.

Budget 2025: Increase in TDS Threshold for Section 194D Insurance Commission

February 2, 2025 840 Views 0 comment Print

Section 194D now increases the threshold for tax deduction on insurance commissions from Rs. 15,000 to Rs. 20,000, effective from April 2025.

IRDAI Limits Health Insurance Premium Rate Hike for senior citizens

January 30, 2025 492 Views 0 comment Print

IRDAI caps annual premium hike for senior citizens’ health insurance at 10%, mandates prior consultation for higher revisions, and emphasizes hospital rate negotiations.

IRDAI penalises Royal Sundaram for Regulatory Violations

January 23, 2025 210 Views 0 comment Print

IRDAI issues penalties and warnings to Royal Sundaram General Insurance for violations in claims processing and outsourcing regulations. Action report mandated.

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