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 implementation of Ind AS for all insurers from 1 April 2026 with transitional arrangements and limited forbearance....
Corporate Law : The proposed PEPF framework seeks to improve insurance penetration through financial literacy, digital services, and awareness pro...
Corporate Law : IRDAI has proposed comprehensive amendments to insurance intermediary regulations to implement the SBSR Act, 2025. The proposals s...
Corporate Law : IRDAI's draft 2026 amendments overhaul actuarial governance, reporting, investment norms, and insurer compliance to align with the...
Corporate Law : IRDAI has released draft amendments simplifying the registration framework for foreign reinsurers and Lloyd's India while introduc...
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 : IRDAI has extended transitional arrangements for annual fee payment and registration certificates until 31 August 2026 or notifica...
Corporate Law : IRDAI has constituted a Working Group to develop governance, oversight, and security frameworks for AI adoption in the insurance s...
Corporate Law : IRDAI has amended its earlier notification to prescribe a 4% obligatory cession and require the entire cession to be placed with G...
Corporate Law : IRDAI has cautioned that the entity's Certificate of Registration as an Insurance Marketing Firm has expired and remains unrenewed...
Corporate Law : The regulator held that agreements lacking clear fee provisions undermined contractual clarity and regulatory compliance. A penalt...
CIRCULAR NO. IRDA/TPA/GDL/CIR/008/01/2011, DATED 12-1-2011 1. It has come to the notice of the Authority that in some instances policyholders could not get cashless facility at the hospital approached, due to change in the network hospitals and/ or the servicing TPA by the insurers, about which the policyholder was not properly informed. 2. Where the […]
The Insurance Regulatory and Development Authority (Irda) today asked insurance companies to refrain from charging policyholders differential premium without prior approval of the watchdog. In the papers submitted to Irda before launching any product
CIRCULAR NO. IRDA/F&A/CIR/217/12/2010, DATED 27-12-2010 Authority has observed that there is no uniform approach followed by the insurers for transfer of the surplus to the Profit & Loss Account. A few of the insurers are doing it on quarterly basis while a few are doing on yearly basis. In view of the same, it is […]
ORDER NO. : IRDA/F&A/ORD/EMT/203/12/2010, DATED 8-12-2010 On the recommendation of the General Insurance Council vide letter dated November 22, 2010, the Authority hereby exercises powers vested under the proviso to section 40C(1) of the Insurance Act, 1938. In accordance therewith, the companies listed at Annexure shall be deemed to be not in violation of the […]
Insurance : Committee on Commercial Motor Third Party Liability Cover ORDER NO. IRDA/NL/ORD/MPL/212/12/2010, DATED 17-12-2010 1. Offering Motor third party liability cover to commercial vehicles has been a challenge for non-life insurers in view of the tariff controls prevailing and non availability of credible data and statutory provisions. The Authority, vide direction dated 4th December […]
CIRCULAR NO. IRDA/NL/CIR/CRE/205/12/2010, DATED 13-12-2010 Introduction :- The Authority has reviewed the credit insurance products being offered by Indian Insurers and is of the view that there is a need to standardize the features of these products and their administration. To ensure that the business of trade credit insurance is carried out according to sound […]
From January, you can handle your insurance needs with an insurance account number with more speed and convenience, thanks to a new initiative of the Insurance Regulatory and Development Authority (IRDA). The Authority is working on introducing insur
The Insurance Regulatory and Development Authority (Irda) today said the guidelines for merging general insurance companies are expected to be out by next week. “Probably by next week, it will come out…,” Irda Chairman J Hari Narayanan told report
Insurance – Policy Guidelines for Sharing of Information IRCULAR NO. IRDA/F&I/CIR/GLD/202/12/2010, DATED 8-12-2010 A. Introduction: With the increasing integration with the international financial markets and the growing interest in the Indian insurance markets, there are requests for sharing and exchange of information between supervisors and other entities both in the insurance industry and other stakeholders […]
Concerned about the fast pace of regulatory changes being brought into the sector, the life insurance industry has approached sector regulator IRDA to go slow in its approach, sources said.In turn, the Insurance Regulatory and Development Authority.
