New Insurance Rules: KYC is Mandatory

It is now mandatory to submit Know Your Customer (KYC) documents for…

IRDAI Permits Tech-Enabled Add-Ons to Motor Insurance Policies

The Insurance Regulatory and Development Authority of India (IRDAI) permitted general insurance…

IRDAI Panel Suggests to Introduce a Combi Micro Insurance Product

A panel on Micro-Insurance (MI) set up by the Insurance Regulatory and…

New Business Premium Income of Insurance Companies Rise by 13%

The Insurance Regulatory and Development Authority of India (IRDAI) data released on…

“Health Insurance is a Necessity, Reduce GST to 5%”, Say Insurance Companies

The COVID-19 pandemic has heightened the need for one product more than…

Insurers Cannot Reject Cocktail COVID Therapy Claims

The IRDAI (Insurance Regulatory and Development Authority of India) issued a circular…

IRDAI Instructs Insurers to Authorise COVID-19 Claims in Less Than 1 Hour

Previously, settlement of COVID-related insurance claims was getting delayed, due to which…

Mashak Rakshak Policy To Be Rolled Out On 1 April 2021

The Insurance Regulatory and Development Authority of India (IRDAI) has issued guidelines…

IRDAI states that Insurers cannot modify existing benefits in health policy

The Insurance Regulatory Development of India (IRDAI) issued circular barring insurers to…

IRDAI Advises Insurance Companies for Issuing Policies via DigiLocker

The IRDAI (Insurance Regulatory Development Authority of India) issued a circular advising…