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insurance sector

Latest Articles


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

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 423 Views 0 comment Print

Tax Benefits of Term Insurance Plans: A Complete Guide for FY 2024-25

Finance : A term insurance plan is considered a valuable asset in an individual's financial planning. It not only provides security to your ...

November 16, 2024 1437 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


IRDAI Strengthens measures to empower the Policyholders

September 5, 2024 474 Views 0 comment Print

IRDAI releases a Master Circular to streamline policyholder rights, enhance claim settlements, and improve service standards for life, health, and general insurance.

Insurance claims relating to floods in Andhra Pradesh and Telangana: IRDAI Circular

September 4, 2024 264 Views 0 comment Print

IRDAI issues guidelines for insurers to expedite flood-related claims in Andhra Pradesh and Telangana. Insurers must mobilize resources and ensure prompt settlements.

The Perks of Group Health Insurance & Its Importance

August 22, 2024 411 Views 0 comment Print

Health Insurance is gaining popularity among the Indian population because it provides financial security and ensures a stress-free life for family members in case of critical illness of family earner and covers hospitalisation and medical expenses.

Aadhaar Authentication Approved for Two Insurance Firms

August 22, 2024 1293 Views 0 comment Print

The Indian government permits Go-Digit and Acko Life Insurance to perform Aadhaar-based authentication under the Money-laundering Act, ensuring privacy and security standards.

IRDAI Updates KYC Rules for Insurers as per PMLA guidelines

August 12, 2024 558 Views 0 comment Print

IRDAI circular on 12th August 2024 updates KYC requirements for insurers, reflecting amendments in the Prevention of Money-Laundering Rules.

IRDAI Directs Life Insurers to Submit Data to IIBI by 30th September 2024

August 8, 2024 483 Views 0 comment Print

IRDAI mandates life insurers to submit data for specified categories to IIBI by 30 Sep 2024. Annual submissions to continue from FY 2024-25.

IRDAI’s New Guidelines for Wayanad Landslide Insurance Claims

August 2, 2024 387 Views 0 comment Print

IRDAI directs insurers to expedite claims for Wayanad landslides, with specific guidelines for response, claim processing, and communication.

IRDAI imposes penalty on Care Health Insurance for ESOP Violation

July 23, 2024 303 Views 0 comment Print

Explore IRDAI’s order against Care Health Insurance Ltd. for ESOP violations. Detailed analysis of legal implications, penalties imposed, and compliance directives.

Endowment Plan vs. Term Insurance: Making the Right Choice

July 20, 2024 912 Views 0 comment Print

When buying a life insurance policy, choosing one that aligns with your financial goals and provides the best protection for your family is important. With many options in India, you might wonder which is the right choice for you.

IRDAI Fines Bandhan Life Insurance ₹1 Crore for AML & Policyholder Protection Breaches

July 15, 2024 771 Views 0 comment Print

Explore IRDAI’s final order on Aegon Life Insurance (now Bandhan Life) regarding violations of AML and policyholder protection regulations, penalties imposed, and corrective actions required.

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