Finance : Section 10(10D) provides exemption only when premium limits are within prescribed thresholds. If premiums exceed these limits, mat...
Finance : The article highlights the need for integrated travel and health insurance to manage both medical emergencies and trip disruptions...
Income Tax : Even where premium limits are exceeded, death benefits continue to be fully exempt. This ensures protection for beneficiaries. The...
Finance : Cyber insurance helps cover financial losses from cyberattacks like hacking and data breaches. It is becoming essential as digital...
Finance : The restoration feature ensures that insurance coverage can be reinstated after a major claim, helping maintain protection for oth...
Corporate Law : IRDAI formed a sub-committee to review private health insurance and improve policyholder experience. The initiative focuses on exp...
Corporate Law : The issue concerns identification of systemically important insurers. The regulator retained the same entities, emphasizing their ...
Corporate Law : IRDAI directs insurers to follow anti-dark pattern guidelines and submit compliance reports. The move strengthens consumer protect...
Corporate Law : The Government clarified that claim rejections are based on policy conditions like exclusions and OPD classification. IRDAI mandat...
Corporate Law : IRDAI is moving towards adopting Ind AS to standardize financial reporting across insurers. The framework aims to improve transpar...
Corporate Law : Supreme Court held that insurers impleaded as parties can raise all grounds, including quantum challenges. It remitted the case fo...
Income Tax : The SC upheld that reinsurance premiums paid to foreign entities are not taxable in India. It confirmed that absence of income acc...
Income Tax : The High Court held that reinsurance premiums paid to non-residents are not taxable in India and no TDS is required. It upheld Tri...
Corporate Law : SC affirmed a fire insurance claim after insurer attempted repudiation based on an arbitrary surveyor's report. Ruling held that o...
Corporate Law : Supreme Court rules pre-2015 life insurance policies were freely transferable, affirming High Court's decision against LIC's refus...
Corporate Law : IRDAI delegates Section 34 powers between Whole Time Members and Chairperson. The move aims to streamline enforcement actions and ...
Corporate Law : The notification addressed mandatory reinsurance cession for general insurance policies. It mandates 4% cession to GIC Re, ensurin...
Corporate Law : The issue was the need to address increasing cyber risks in the insurance sector. IRDAI introduced updated guidelines with enhance...
Corporate Law : The circular shifts SLAs from a renewal-based licensing system to a registration regime with annual fees. This ensures continuity ...
Corporate Law : IRDAI constituted a Joint Expert Group to tackle transition and implementation issues under Ind AS. The group will guide insurers ...
Explore the latest IRDA circular allowing insurers to invest in Infrastructure Debt Funds-NBFCs, streamlining the process for enhanced infrastructure sector financing.
In a world filled with health uncertainties, having a health insurance policy is not just a wise choice; it’s a necessity. The ongoing pandemic has heightened the awareness and penetration of health insurance in India.
IRDAI’s Circular on Cyclone Michaung claims, granting special dispensation to General Insurers. Increased limits for surveyors and assessors.
EXPOSURE DRAFT IRDAI (Registration and Operations of Foreign Reinsurers Branches & Lloyd’s India) Regulations, 2024 1. To meet the objective of the Authority to promote ease of doing business, the Regulation Review Committee (RRC) was formed with an intent of streamlining various regulations issued by the Authority. 2. The RRC has recommended unification of regulations, […]
Explore the formation of a task force by IRDAI to analyze the implications of the Digital Personal Data Protection Act, 2023 on the insurance sector. Learn about key members and the expected impact
Riding a bike offers freedom, adventure, and the joy of exploration. However, safeguarding your biking experiences demands the right insurance coverage, particularly in the face of unforeseen accidents and setbacks.
IRDAI’s Exposure Draft on Expenses of Management Regulations 2023, aiming to enhance insurers’ efficiency and optimize resources for policyholder benefits.
Explore the IRDAI order on Centcart Insurance Broking Services. Understand the violations, responses, and penalties imposed by the Insurance Regulatory Authority
Explore the latest amendments to the Insurance Ombudsman Rules, 2017 by the Ministry of Finance. Changes in financial services institutions, resignation protocols, awards, and more.
Health insurance is a key asset to invest in, to safeguard oneself from unexpected and hefty medical bills. However, if we look at the average household in India, a very small percentage of people have medical insurance policies.
