Finance : Electric two-wheelers are becoming a more visible part of everyday mobility in India. As the EV market grows, riders are also begi...
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...
Corporate Law : IRDAI approved in-principle drafting and publication of new and amended regulations following the Sabka Bima, Sabki Raksha (Amendm...
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 : 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 : The Authority found that core survey functions were carried out by unlicensed personnel. It held that such outsourcing violated re...
Corporate Law : The regulator cancelled a surveyor’s licence after finding false records, mismatched filings, and inaccurate disclosures. The ru...
Corporate Law : The case involved submission of a forged diploma for obtaining and renewing a licence. The Authority held that continued reliance ...
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...
IRDAI’s modification to Trade Credit Insurance Guidelines now allows ‘reverse factoring’ on TReDS platforms. Learn more about this important change.
As technology continues to advance and customer expectations evolve, the future of general insurance in India holds immense potential. It is important to understand the emerging trends and make predictions of general insurance in the country.
Explore financial statements and accounting standards for insurance companies as per IRDAI regulations and Companies Act 2013. Learn about application of Indian Accounting Standards
IRDAI has established a standing committee to enhance cyber security in insurance industry, as per their Information and Cyber Security Guidelines.
Health insurance is a fundamental monetary wellbeing net that offers individuals and families the help they need in the midst of health-related crises. By covering a significant amount of medical expenses, it contributes to the reduction of the financial burden that may be brought on by unanticipated illnesses or accidents.
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.
