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 ...
IRDAI advises all Insurance companies for issuance of Digital Insurance Policies via DigiLocker, It will lead to better customer experience with faster claims processing and settlement, reduction in disputes and reduction in fraud
It has been brought to the notice of IRDAI that an entity by the name of DIGITAL NATIONAL MOTOR INSURANCE, operating from #DNMI co. ltd. Portal Office, Krishna Raja Puram, Insurance Info Building, Devasandra, Bangalore – 560036
Product Structure for Insurance of Remotely Piloted Aircraft System (RPAS) / Drones – Currently, only a few general insurers in the Indian Market are offering insurance cover for RPAS/Drones through existing products under Aviation Insurance.
Digilocker is an initiative under the Digital India program by the Government of India where citizens can get authentic documents/ certificate in digital format from original issuers of these certificates. It aims at eliminating or minimising the use of physical documents and will enhance effectiveness of service delivery, making these hassle free and friendly for the citizens.
The Authority vide order ref: IRDAI/ACTL/ ORD/MISC/224/08/2020 dated 31/08/2020 constituted a working group on Index Linked products where the terms of reference include, amongst others, to examine the need for index-linked products in India and other related aspects.
The following categories of the individual products or add-ons or riders of health insurance business offered by General and Health Insurance Companies (hereafter referred as insurers) are permitted to be launched through Use and File Procedure by duly complying with the norms specified in these guidelines.
In order to make available Vector Borne Disease specific health insurance product addressing the needs of insuring public for getting health insurance coverage to specified Vector Borne Diseases, the Authority encourages all general and health insurers to offer Standard Vector Borne Disease Health Policy (Hereafter referred as standard product).
As the CKYCR is now fully operational for individual customers, it has been decided to extend the CKYCR to Legal Entities (LEs). Accordingly, REs shall upload the KYC data pertaining to accounts of LEs opened on or after April 1, 2021, on to CKYCR in terms of Rule 9 (1A) of the PML Rules.
Indian life insurance market currently has several individual immediate annuity products marketed by life insurers, with each product having its own features, terms and conditions and annuity options.
The committee is of the view that, given the potential opportunity for motor insurance business through the MISPs, there is a need to develop and strengthen regulatory framework and supervision activities for this distribution channel. It was also suggested that the registration, operational and code of conduct requirements across similar intermediaries remain the same.
