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 ...
Read about IRDAI’s circular on modifications allowed for withdrawn life insurance products, ensuring additional options for policyholders while maintaining benefits.
Latest IRDAI circular on flood claims processing in Himachal Pradesh 2023. Insights on directives for quick response, digital processes, and regular updates to IRDAI.
IRDAI hereby makes the following notification reconstituting the Insurance Advisory Committee which will be effective from 10th August, 2021
Read about 2023 amendments to IRDAI Re-insurance regulations in India. Learn how these changes aim to enhance domestic capacity, encourage re-insurers, and improve ease of business.
After a car accident, you need to notify your auto insurance company as soon as possible. For many people, this is when they realize some of the things they believed about car accidents and insurance claims are myths.
Details of Sixteenth Amendment to Income Tax Rules (2023) on computation of income chargeable under life insurance policies as per Notification No. 61/2023.
Income Tax (I-T) department has wrapped up its extensive investigation into insurance companies, exposing a staggering tax evasion totaling over Rs 15,000 crore.
Stay informed about IRDAI’s latest circular on Indian Risk Based Capital Framework. Learn its impact, significance for insurers, and future developments.
Read about IRDAI’s initiative for Indian Risk-Based Capital (Ind-RBC) Framework through Quantitative Impact Study -1. Learn how it enhances insurers’ capital and risk management.
Learn about insurance claim delays faced by policyholders and their rights as per IRDAI Regulations. Understand the claims procedure, settlement timelines, and interest payments in case of delays. Get expert advice to protect your interests and ensure timely claim settlements.
