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INSURANCE REGULATORY AND DEVELOPMENT AUTHORITY OF INDIA Ref. No: IRDAI/HLT/REG/CIR/149/06/2020 Date:11-06-2020 To All General and Health Insurers (except ECGC, AIC) Re: Guidelines on Telemedicine: 1. Medical Council of India has issued ‘Tele Medicine practice guidelines’ on 25th of March 2020, enabling registered Medical Practitioners to provide Healthcare using Tele Medicine. 2. In the above background, […]
IRDAI releases Guidelines on Public Disclosures by Insurers on the qualitative and quantitative parameters of the health services rendered to policyholders
As you are aware, cyclone Nisarga, has caused loss to property in parts of Maharashtra, Gujarat and Other Neighboring States. The General Insurers may have written policies that extend to lives and property located in the affected areas.
General insurers were advised to provide insureds the following two options to choose from: (i) Long Term Package cover offering both Motor Third Party Insurance and Own Damage insurance for three years or five years as the case may be, (ii) A bundled cover with a three-year or five-year term (as applicable) for the third party component and a one-year term for the Own Damage.
ssuance of long-term Motor Third Party Insurance policies for new cars and new two-wheelers (i) The Hon’ble Supreme Court of India, vide its order dated 20th July, 2018, in WP No.295/2012 of S. Rajaseekaran vs Union of India and Ors, directed that
As a result of Cyclone ‘Nisarga’, there are reports of loss of human lives and loss of belongings in the affected Districts of primarily the states of Maharashtra and Gujarat. 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 in all the states affected by the cyclone:
IRDAI examined the requirement to obtain LEI by its regulated entities and the entities dealing with the regulated entities and notifies who needs to obtain this. Insurance Regulatory and Development Authority of India Circular Ref. No: IRDAI/F&A/CIR/MISC/134/06/2020 Date:05-06-2020 Legal Entity Identifier (LEI) code To All the insurers Re: Legal Entity Identifier (LEI) code **** A. […]
IRDAI warned IFFCO Tokio General Insurance Company Limited for furnishing wrong information under different lines of health insurance business and for delayed submission of health returns for FY 2018-19.
IRDA clarified that time limit for ensuring compliance with directions regarding Public Disclosures on websites by insurers for the period ending 31st March 2020 is also extended by 30 days.
Insurance Regulatory and Development Authority of India MASTER CIRCULAR Master Circular as per the provisions of IRDAI (Third Party Administrators — Health Services) Regulations, 2016 and subsequent amendments thereof, applicable to all applicant TPAs, registered TPAs and insurers carrying out health insurance business. Circular Reference No. IRDAI/TPA/REG/CIR/130/06/2020, dated 03.06.2020 Issued on: 03.06.2020 INDEX Sr. No […]
