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IRDAI Expresses Reservations Over Hinduja Group's Acquisition Of Reliance Capital, Don't Miss Details!

The Insurance Regulatory and Development Authority of India (IRDAI) has gathered attention over the proposed acquisition of bankrupt Reliance Capital Ltd by Hinduja Group firm IndusInd International Holdings Ltd (IIHL), reported PTI quoting sources. Citing concerns regarding compliance with insurance regulations ...

IRDAIs New Proposal: 30-Day Free Look Period and Mandatory Nomination for Life Policies

The Insurance Regulatory and Development Authority of India (IRDAI) has proposed an increase in the free look period for return of policies to 30 days and made nomination mandatory for life insurance policies....

Navigating Key Changes In Insurance Policies, Personal Finance That Will Take Place In 2024

As we enter 2024, the financial landscape for taxpayers and investors undergoes a transformative shift. There have been an array of changes in insurance policies, telecom procedures, mutual funds, Aadhaar details, and advance tax payments that came into effect on January ...

Proxy Advisory Firm Raises Red Flag Against Religare Enterprises

Proxy advisory firm InGovern Research has raised concerns about Religare Enterprises, alleging vested interest by its Chairman Rashmi Saluja due to excessive remuneration and regulatory breaches....

IRDAI Sets Up Committee To Simplify Insurance Policy Wordings

The Insurance Regulatory and Development Authority of India (Irdai) has set up a committee to simplify the wording of insurance policies to help people make an informed decision before buying cover....

IRDAI asks general insurers to provide cover to employees travelling in employer's vehicle

Insurance regulator Irdai on Wednesday asked general insurers to provide cover to employees travelling in employers vehicle....

IRDAI Asks 15 Insurance Companies To Adopt IND-AS From April 2024

The insurance sector is set for a game-changing development with the IRDAI asking the top 15 companies, across life and non-life, to adopt the new IND-AS accounting framework from April 1, 2024 (FY25), sources told businessline. This is the first such ...

IRDAI Mandates Ayushman Bharat Health Account (ABHA) ID For Policyholders: Here's How To Create

The Insurance Regulatory and Development Authority of India (Irdai) has issued an order to all insurers requiring both new and existing subscribers to obtain a unique Ayushman Bharat Health Account (ABHA) ID. This 14-digit identifier will be assigned to every citizen, ...

IRDAI Transfers Sahara India Life Insurance Business To SBI Life

The Insurance Regulatory and Development Authority of India (IRDAI) announced on Friday, June 2, its decision to transfer Sahara India Life Insurance's life insurance business to SBI Life Insurance Company. According to IRDAI, Sahara India Life Insurance Co. Ltd (SILIC) was ...

Finance Minister Sitharaman To Review State Of Economy At FSDC Meeting Today

Finance minister Nirmala Sitharaman will review the state of the economy amid global and domestic challenges at a meeting of the Financial Stability and Development Council (FSDC) today. According to a PTI report, the 27th meeting of the high-level panel ...

Irdai Asks Insurers To Establish Social Media Guidelines For Employees

The Insurance Regulatory and Development Authority of India (Irdai) has directed insurance companies to establish social media guidelines for their staff to prevent the dissemination of unverified or confidential information about the organization through these channels. Irdai emphasized that an organization's ...

New Insurance Rules: IRDAI Makes KYC mandatory for health, auto and other insurance from January 2023

The Insurance Regulatory and Development Authority of India (IRDAI) has announced that Know Your Customer (KYC) documents will be required for all new health, motor, travel, and home insurance policies purchased beginning January 1, 2023. This rule applies to all types ...

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