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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 Penalizes Prowess Insurance Brokers for regulatory violations

July 12, 2024 522 Views 0 comment Print

IRDAI issues a penalty of Rs. 37 lakhs to Prowess Insurance Brokers for regulatory violations. Read the full order details and implications.

5 Questions You Should Ask Your Insurance Advisor

July 9, 2024 978 Views 0 comment Print

Discover the crucial questions you should ask your insurance advisor to ensure you get the right coverage. Learn more about policy details, premiums, claims, and policy adjustments.

Health and Life Insurance: How much coverage amount is necessary?

June 27, 2024 1122 Views 0 comment Print

Learn how to determine the right coverage for health and life insurance. Discover the best plans and tips for securing your family’s financial future.

ITC Entitlement for Insurance Companies on Motor Vehicle Repair Expenses under Reimbursement Claims

June 26, 2024 1317 Views 0 comment Print

Clarification on ITC entitlement for insurance companies on motor vehicle repairs under reimbursement claim settlement as per CGST Circular No. 217/11/2024.

IRDAI Master Circular on Operations and Allied Matters of Insurers

June 19, 2024 1500 Views 0 comment Print

IRDAI introduces new insurance reforms focusing on policyholder empowerment, grievance redressal, and transparency in operations. Read more about the changes.

IRDAI Master Circular on Submission of Returns

June 14, 2024 1428 Views 0 comment Print

Explore IRDAIs consolidated Master Circular on Submission of Returns effective April 2024. Simplify compliance with 202 regulatory returns.

IRDAI Master Circular on Life Insurance Products

June 12, 2024 1188 Views 0 comment Print

Read about the latest reforms in the Indian life insurance sector by IRDAI, aimed at simplification, transparency, and informed decisions for policyholders.

Master Circular: Reforms in General Insurance Business

June 6, 2024 1899 Views 0 comment Print

Explore IRDAI’s comprehensive reforms in the general insurance business post de-tariffication, focusing on customer-centric measures, governance, and technology.

Insurers and TPAs as Data Fiduciaries: Challenges and Solutions

May 13, 2024 1110 Views 0 comment Print

Explore the complexities faced by insurers and TPAs as data fiduciaries, navigating regulatory landscapes. Learn strategies and implications for the industry.

Travel Insurance Claims: Handling Flight Delays and Cancellations

April 26, 2024 897 Views 0 comment Print

Are you tired of the daily grind and craving a break from the routine? Many of us look forward to that one special trip each year, whether it’s a peaceful hike, lounging with a good book, or diving into new adventures. We eagerly plan our travels and book flights, trains, and hotels well in advance, eager for the escape and relaxation that awaits.

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