Corporate Law : IRDAI's Bima Vahak initiative aims to expand insurance reach in rural areas. It introduces a women-centric distribution channel fo...
Corporate Law : Overview of IRDAI's 2024 Corporate Governance Regulations for Insurers, covering board composition, committee structures, KMP appo...
Corporate Law : Learn about Bima-ASBA, IRDAI's new facility for insurance premium payments. This mechanism blocks funds in a prospect's account vi...
Corporate Law : Summarizing IRDAI's 2024 regulations on insurance advertising, this text covers definitions, mandatory disclosures, prohibitions, ...
Corporate Law : Learn about IMF Registration for private limited companies, its process, requirements, and benefits. Expand into insurance marketi...
Corporate Law : IRDAI approved in-principle drafting and publication of new and amended regulations following the Sabka Bima, Sabki Raksha (Amendm...
Corporate Law : IRDAI approved drafting regulations for implementing a Risk Based Capital framework to strengthen solvency assessment and align In...
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 : Every claim made against an insurance company in respect of a loss, would be a claim within purview of claims “requiring to be p...
Corporate Law : The Supreme Court held recently held in the case of Pushpa @ Leela & Ors. Versus Shakuntala & Ors that the insurance co...
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 penalizes UIB Insurance Brokers ₹1 crore for delayed premium remittances. The company must review pending transactions and improve compliance processes.
IRDAI introduces Bima-ASBA via UPI for secure insurance premium payments. Funds blocked until proposal acceptance. Effective from March 1, 2025.
IRDAI caps annual premium hike for senior citizens’ health insurance at 10%, mandates prior consultation for higher revisions, and emphasizes hospital rate negotiations.
IRDAI issues penalties and warnings to Royal Sundaram General Insurance for violations in claims processing and outsourcing regulations. Action report mandated.
IRDAI has issued 5 new regulations, enhancing data governance, operational efficiency, and innovation in India’s insurance sector as of January 2025.
IRDAI amends Insurance Advisory Committee Regulations 2000, enhancing clarity in functions. Changes include meeting guidelines, member resignation, and removal rules.
IRDAI updates meeting regulations, including frequency, notice period, and agenda circulation. Chairperson’s role clarified for emergent and regular meetings.
Learn about IRDAI’s Regulatory Sandbox Regulations 2025, enabling innovation in the insurance sector with guidelines on experimentation, permissions, and compliance.
IRDAI introduces 2025 regulations for insurers’ data maintenance, governance, and confidential information sharing under the Insurance Act. Learn about key provisions.
IRDAI amends Re-insurance Advisory Committee regulations to enhance efficiency. Updates include member removal criteria and meeting guidelines.
