IRDAI News
Care Health throws a challenge—and an apology—to insurance regulator on Saluja’s hefty Esops
Care Health has questioned the insurance regulator’s jurisdiction over the award of stock options its chairperson Rashmi Saluja. The regulator had rejected the plan to grant Esops to Saluja.The controversy could further delay the Burman family’s bid to take over Care’s parent, Religare Enterprises.
7 min read15 Jul 2024Life insurance stocks steady as brokerages see manageable impact of new SV norms on insurers
Life insurance stocks steady even as IRDAI regulation changes increase surrender values for policyholders exiting early, affecting insurers’ margins. Brokerages foresee manageable impact through strategic adjustments.
4 min read13 Jun 2024Health insurance claim new rules: Irdai issues circular for insurers to decide on cashless authorisation in 1 hour
IRDAI issued a new master circular on health insurance, aiming for 100% cashless claim settlement within a specific timeframe
3 min read30 May 2024Insurance: Over 90% policyholders want companies to publish monthly claim settlement numbers on websites
A vast majority of insurance policyholders want each insurance company to publish the number of total claims received, approved and rejected on their official websites every month, revealed LocalCircles survey.
1 min read5 May 2024Bima Vistaar offering all-in-one insurance cover to launch soon: Report
The IRDAI Chairman Debashish Panda proposed Bima Vistaar as part of a series of reforms aimed at realising the regulator’s vision of providing cover to everyone by 2047.
1 min read26 Sep 2023IRDAI 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.
1 min read7 Sep 2023Irdai 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’.
1 min read8 Dec 2022Fraudsters 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!
2 min read3 May 2022Popular Topics
Budget
The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared