IRDAI collaborates with health insurers to guarantee universal 100% cashless claim settlement

Chairman of IRDAI, Debasish Panda, announced that the regulatory body is collaborating with health insurance providers, the National Health Authority, and the Insurance Council to expedite the implementation of 100% cashless claim settlements.

Life insurers can now tweak their lapsed insurance plans to extend benefits to existing policyholders

The principal objective of this circular is to enhance the flexibility afforded to current policyholders while safeguarding their interests. IRDAI has granted approval for modifications to lapsed life insurance policies, which will be advantageous for existing customers.

IRDAI initiates impact study for transition of insurance industry to Ind-RBC framework. Details here

As a component of its objective to achieve universal inclusive insurance by 2047, IRDAI has initiated the inaugural quantitative impact study.

National Insurance Awareness Day: IRDAI seeks to improve insurance coverage through 'Bima Vahaks'. Details here

Insurance for all is not possible without adequate insurance awareness. You can be financially protected only when you are insured. However, you can be insured only when you learn about insurance.

IRDAI to soon allow insurance companies to launch combo products. Details here

The updated procedure grants insurers the authorization to “use and file” group unit-linked life and health insurance products. Additionally, the IRDAI has introduced combi products, wherein life insurance assumes the role of the primary insurer.

IRDAI asks insurance firms to frame social media guidelines for employees

The Insurance Regulatory and Development Authority of India (IRDAI) said an insurance firm’s reputation is closely linked to the behaviour of its employees

Bima Sugam: How can this IRDAI platform ease the insurance processes for consumers?

IRDAI's Bima Sugam platform will provide a single window for customers to find and access all participating insurance companies' products and services, leading to greater transparency and improved accessibility.

What role does IRDAI play in the regulation of the insurance sector in India?

IRDAI is an autonomous body responsible for regulating and developing the insurance sector in India. It protects policyholders, promotes the growth of the insurance sector and ensures the availability of competitively priced insurance products.

IRDAI removes the cap on commission for agents; 4 analysts delve into its pros and cons for policyholders

IRDAI removes the commission limit for agents. Though this development is hailed as a landmark decision by insurance companies, personal financial analysts are apprehensive of its effects.  

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'.

Top Irdai News

personal finance

IRDAI collaborates with health insurers to guarantee universal 100% cashless claim settlement

personal finance

Life insurers can now tweak their lapsed insurance plans to extend benefits to existing policyholders

personal finance

IRDAI initiates impact study for transition of insurance industry to Ind-RBC framework. Details here

personal finance

National Insurance Awareness Day: IRDAI seeks to improve insurance coverage through 'Bima Vahaks'. Details here