Irdai proposes 3 years insurance cover for cars, 5 years for two-wheelers; Details here

The Insurance Regulatory and Development Authority of India (Irdai) has floated a draft on 'Long-Term Motor Products covering both Motor Third Party Insurance and Own Damage Insurance'.

Tremendous potential for US insurance cos to invest in India: Irdai

Indian insurance companies now have greater control over their finances and profitability and it is up to them how and where they want to invest their money, Insurance Regulatory and Development Authority of India (Irdai) Chairman Debashish Panda said in a virtual session to enhance India-US economic partnership in the insurance sector.

Bima Bharosa: Irdai to revamp insurance grievance redressal mechanism, to rename it

Irdai to revamp grievance redressal mechanism, to rename it 'Bima Bharosa'

IRDAI modifies investment norms for insurance companies

The amendments to investment regulations were made by the Insurance Regulatory and Development Authority of India (IRDAI) after it received representations from insurers to relax certain provisions of Investment - Master Circular/ Circulars.

IRDAI proposes to increase limit of tie-ups between insurers, agents

In an exposure draft on insurance intermediaries, the Insurance Regulatory and Development Authority of India (IRDAI) proposed to increase the maximum limit of tie-ups with insurers for corporate agents from the existing three to nine for each category of insurance.

IRDAI warns insurers against buying bonds of HDFC companies: Report

Some insurers were reportedly buying bonds of HDFC Ltd on the premise that the exposure to the mortgage lender may be counted under the higher sectoral limits that are applicable to banks after the former is merged with HDFC Bank.

'Life insurers can launch products without prior nod'

At present, all life insurance products and riders require prior approval of the Irdai before launch. However, certain specified modifications are allowed to be carried out through 'Use &amp; File' process.

Fraudsters are getting innovative but this simple trick can save you from giving away your money

A simple call can cause you to suffer the most. A small innocuous mistake of sharing your details can cause your entire life’s earnings to be ripped away from you. Be watchful of the next call that you receive!

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Irdai proposes 3 years insurance cover for cars, 5 years for two-wheelers; Details here

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