Irdai News

Insurance regulator IRDAI on Friday said it will hold extensive consultations with stakeholders before taking any decision with regards to mandatory disclosure of commissions paid to intermediaries on policy documents. The Insurance Regulatory and Development Authority of India (IRDAI) issued a ...

The Finance Ministry has amended the Foreign Exchange Management (Non-debt Instruments) Rules, 2019 and confirmed - applications for Foreign Direct Investment (FDI) in an insurance company promoted by a private bank will be cleared by the RBI and Insurance Regulatory and ...

Policy aggregator Policybazaar has been fined Rs 24 lakh by the Insurance Regulatory and Development Authority of India (IRDAI) for breaching advertising norms in relation to SMSs sent to customers last year regarding increases in term insurance policy premiums. The Insurance ...

The insurance regulatory body IRDAI has asked all network hospitals to offer cashless treatment if the case be specified in the health insurance contract. The directive has come as it has come to light that some of the ...

IRDAI (Insurance Regulatory and Development Authority of India) has asked insurers to issue digital policies to their policyholders and also tell them how to use these documents. The regulator said that the step will not only bring down the cost but ...

On Wednesday, the Insurance Regulatory and Development Authority of India (IRDAI) proposed a standard personal accident product with common coverage and policy wordings across the industry, a move aimed at increasing penetration of the product. "Every general and standalone health insurer, ...

Insurance regulator IRDAI, in a bid to protect consumers, has proposed to prohibit insurers from issuing advertisements that make claims which are beyond reasonable expectations of performance. The unfair and misleading advertisements will include those which fail to clearly identify the ...