irdai
DHFL bankruptcy: Irdai rules out troubles for two insurance arms
As of September, DHFL Pramerica Life's solvency ratio stood at 388 per cent and that of DHFL General Insurance at 230 per cent.
PSBs may get nod to hold over 10 per cent in two insurers
An entity holding over 10 per cent in an insurance company is categorised as a promoter while one holding below that limit is termed as an investor.
PSBs told to outline insurance JVs’ future
UBI has to cut stake in one of the 2 JVs—Star Union Daiichi and IndiaFirst.
Use telematics to price motor policies: IRDAI
Premium may be linked to driving, social behaviour.
Surveyor assessment waived in some cases
In case normal commercial claims below a certain claim amount, we do not do an assessment.
Reliance Health barred from selling policies
Solvency ratio dips to 63% against norm of 150%.
Travel insurance cover can’t be default option: Regulator
The move aims at checking mis-selling of travel insurance through online ticket booking portals and apps.
Insurance policies become flexible
Premium table can be extended, list of day care procedures can be expanded and critical Illnesses covered can be added.
Non-life insurers register 17 pc rise in Aug new premium income at Rs 15,964 cr
The 34 insurers' gross premium collection stood at Rs 13,657.51 crore in the same month a year ago.
Traffic challans may up your insurance premia
Panel to suggest how to link offences with premiums.