irdai
Non-life insurers rue non-revision of premium
The motor segment is the largest portfolio for the general insurance business.
From July, policyholders can track progress of claims
Insurers have to update claimants of processing status.
Irdai asks insurers to share status of claims with policyholders from July 1
Insurers need to adopt a clear and transparent communication policy to protect the interest of policyholders.
Soon, you may have the option to settle insurance claims in instalments
Insurance Regulatory and Development Authority of India had set up a working group to study a proposal in this regard.
11 cross-border reinsurers allowed to do business in India
Apart from the domestic reinsurer GIC Re, a few international reinsurers operate in the country by opening their branches.
Irdai asks insurers for easy crop insurance claim settlement, use of local languages
Irdai, in a circular, said there is a need for effective implementation of crop insurance schemes.
Insurers told to add staff for crop cover
The authority has been receiving various complaints and suggestions on claims.
End auto renew add-on: IRDAI
IRDAI has asked them to withdraw such clauses with immediate effect and to inform the authority about it.
Insurance industry wants IFRS 17 adoption deferred
IFRS norms like risk-based capital framework is necessary to assess the financial strength of a company.
IRDAI issues norms on conflict of interest
The person found guilty shall no more be "fit and proper".