Corporate Law : Learn about IMF Registration for private limited companies, its process, requirements, and benefits. Expand into insurance marketi...
Corporate Law : Learn how to apply for a Surveyor & Loss Assessor License in India. Check eligibility, required documents, fees, and IRDAI exam de...
Corporate Law : IRDAI’s 2024 regulations simplify processes for registration, share transfers, and mergers of Indian insurance companies, aiming...
Corporate Law : Explore the complexities faced by insurers and TPAs as data fiduciaries, navigating regulatory landscapes. Learn strategies and im...
Corporate Law : Explore the impact of Insurtech on India's insurance sector, regulatory challenges, and the potential of technology-driven innovat...
Corporate Law : IRDAI permits insurers to use equity derivatives for hedging, aiming to reduce portfolio risks amid market volatility. Strict comp...
Corporate Law : IRDAI has issued 5 new regulations, enhancing data governance, operational efficiency, and innovation in India's insurance sector ...
Corporate Law : Govt. responds to concerns over high health insurance premiums, citing actuarial principles and IRDAI regulations to ensure fair p...
Corporate Law : IRDAI revises regulations for the Insurance Advisory Committee, enhancing meeting flexibility and clarifying advisory roles. Publi...
Corporate Law : IRDAI proposes updates to re-insurance committee regulations, introducing flexibility in meetings and member resignation or remova...
Company Law : Vinay Jaidka Vs Chief Secretary (Delhi High Court) Abhishek Nanda, ld. Counsel who appears for the Insurance Regulatory and Develo...
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...
Income Tax : Having regard to the agreement entered into inter se between the hospital and the TPA for payment of money to the hospital, it can...
Income Tax : Srivatsan Surveyors Pvt. Ltd. ('Appellant') is engaged in the business of licensed surveyors and loss assessors under the Insuranc...
Corporate Law : IRDAI allows insurers to undertake Bond Forwards for hedging under specific conditions, aligning with RBI’s 2025 guidelines on...
Corporate Law : IRDAI allows insurers to hedge equity risks using derivatives. The guidelines specify permitted instruments, risk management, and ...
Corporate Law : IRDAI mandates a 4% obligatory cession to GIC Re for 2025-26, excluding terrorism and nuclear risks. Learn about commission rates ...
Corporate Law : IRDAI penalizes UIB Insurance Brokers ₹1 crore for delayed premium remittances. The company must review pending transactions and...
Corporate Law : IRDAI introduces Bima-ASBA via UPI for secure insurance premium payments. Funds blocked until proposal acceptance. Effective from ...
Insurance Regulatory and Development Authority of India (Insurance Information Bureau of India) Regulations, 2021 In exercise of the powers conferred by clauses (e) and (f) of sub section (2) of section 14 of Insurance Regulatory and Development Authority
Title insurance is a form of indemnity insurance that protects a potential owner of a property against financial loss from defects in title to real property. The policy is a retrospective one where the insured is protected against losses arising from the events that occurred prior to the date of issuing the policy.
Insurance Regulatory and Development Authority of India had set up a Working Group to study the feasibility of General Insurers to underwrite Surety Insurance. The Authority, upon examining the recommendations of the Working Group report, stakeholders’ comments and considering the specific nature of Surety insurance as a product, has proposed separate guidelines to regulate the Surety Insurance business. Accordingly, the draft guidelines are prepared and placed in the annexure.
Insurance Regulatory and Development Authority of India Survey No.115/1, Financial District, Nanakramguda, HYDERABAD 500 032. IRDAI/NL/GDL/MISC/244/09/2021 8th September, 2021 To The Chairman-Cum- Managing Directors/Chief Executive officers of General Insurance Companies (except ECGC Ltd and AIC Ltd) Madam/Sir, IRDAI (Trade Credit Insurance) Guidelines, 2021 The revised guidelines on Trade Credit insurance are hereby issued considering the […]
Insurance Regulatory and Development Authority of India Circular Ref. No: IRDAI/NL/CIR/MISC/242/09/2021 Date:08-09-2021 ALL GENERAL INSURERS (Other than Stand Alone Health Insurers and Specialised Insurers) Re: Product Structure for Cyber Insurance There are rising incidences of cyber attacks along with a growing number of high profile data breaches. The online exposures for individuals, business organizations, offices and other […]
The Broker started his business during FY 2015-16 and the premium business is more than 10 crores during the FYs 2015-16, 2016-17 and 2018-19 and as per IRDAI (Insurance Brokers) Regulations, 2013 it is mandatory for an insurance broker to have a designated compliance officer if their business in a financial year is more than Rs 10 crores of premium.
Read IRDAI’s guidelines urging General Insurance Companies to expedite claims for July 2021 floods in Maharashtra. Steps, contacts, and awareness highlighted for efficient claim settlement.
As a result of recent flood there are reports of loss of human lives and loss of belongings in the state of Maharashtra. In order to extend every possible facilitation in quick and timely settlement of life insurance claims, you are advised to take the following actions immediately.
Bank is having Corp Mediclaim Product group health insurance tie up with the New India Assurance Company limited to fulfill the health insurance requirements of bank account holders. The CA requested the New India insurance company (NIACL) about rectification of wrong group size.
Applicant was show caused by the Authority seeking their explanation as to why their application, seeking registration as a direct Broker, shall not be rejected. It was mentioned in the SCN that their reply should reach the Authority within 21 days.
