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 ...
Authorities confirmed that insurers have not increased premiums after the GST exemption and have fully passed on the tax relief. Continuous monitoring of new and renewal policies was undertaken to ensure consumer benefits are protected.
This explains why choosing between lump sum and monthly payouts is as important as coverage amount. The right structure helps families manage expenses and plan confidently after a loss.
The regulator held that cumulative shareholding changes crossing prescribed limits require prior approval. A warning was issued for non-compliance despite the lapse being termed unintentional.
The order appoints a new chairman and members drawn from senior insurance and regulatory backgrounds. The key takeaway is continuity and strengthened advisory oversight.
Explains why car insurance is mandatory in India, the penalties for non-compliance, ad how uninsured driving can expose owners to heavy financial liability
Long-term bike insurance allows riders to fix premiums for 2–5 years, avoiding annual IRDAI-regulated hikes. The key takeaway is stable pricing with uninterrupted protection and long-term savings.
The amended rules replace outdated FEMA references and redefine foreign investment as FDI under the Non-debt Instruments Rules, 2019. This ensures regulatory consistency and clarity for foreign investors in Indian insurance companies.
Explains the importance of a Chartered Accountant certificate in validating trading accounts, stock valuation, and GST reconciliation. Key takeaway: Proper CA documentation ensures faster claim approval and reduces surveyor queries.
The regulator held that payouts labelled as awareness and marketing were actually unauthorised commissions. Insurers must ensure transparency, approvals, and proper classification of such expenses.
Mismatched purchase data between financial records and GSTR-2A/2B reports often delays stock loss claims. A formal reconciliation process is key to faster settlement.
