Page 3 Irdai: Latest News and Updates, Top Stories, Videos, Photos About Irdai

IRDAI Allows Life Insurance Space To Issue Policies Digitally

Given the current pandemic situation when usual business activity has come to a toss, the insurance regulator on August 4 allowed insurance companies to offer life insurance policies electronically. Until now physical bonds signifying the title to the policy have been ...

Health Insurance Covers COVID-19 Treatment At ‘Make-Shift' Hospitals: IRDAI

The Insurance Regulatory and Development Authority (IRDAI) issued new guidelines on the settlement of insurance claims on treatment received for COVID-19 at 'make-shift or temporary hospitals,' as permitted by the government. The regulatory authority said that in order to ensure ...

Cashless Treatment For Covid 19 Refused: Here's Recourse For You

For treatment of the deadly novel coronavirus infection, the insurance regulator IRDAI has asked insurance companies to have a communication channel with their network providers or hospitals such that customers grievance is addressed promptly. And in a case when in ...

Aarogya Sanjeevani Policy: IRDAI Allows Insurers To Offer Sum Assured Above Rs 5 Lakh

In a circular issued on 7 July, the Insurance Regulatory and Development Authority of India (IRDAI) allowed insurance companies to offer a minimum sum insured of Rs 50,000 and maximum sum insured above Rs 5 lakh on Aarogya Sanjeevani Policy, subject ...

IRDAI Examining Feasibility Of Surety Bonds For Road Contracts

The Insurance Regulatory and Development Authority of India (IRDAI) has decided to examine the feasibility of introducing surety bonds by insurance companies for road contracts in the country. In the wake of the COVID-19 pandemic and its subsequent economic impact on ...

Standard ‘Corona Kavach’ & ‘Corona Rakshak’ Health Plans For COVID-19 Explained

Starting 10 July, you will be able to purchase standardised short-term health insurance policies for COVID-19 with uniform features, terms and conditions, from any insurer of your choice. These will be available as indemnity, or reimbursement plans with general insurers or ...

Supreme Court Seeks Reply From IRDAI On Including Mental Illness In Insurance Policies

On Tuesday, the Supreme Court sought response from the central government and the Insurance Regulatory Development Authority of India (IRDAI) on a plea alleging violation of provisions of Mental health Law, which deals with the right to equality and non-discrimination. A ...

IRDAI To Withdraw Sale Of Comprehensive Motor Insurance From August

Beginning August 1, 2020, IRDAI said it will took off the shelf its long term motor insurance policy i.e. for a term of 3 years for 4-wheelers and 5 years for 2-wheelers. This is the comprehensive cover which included both third-party ...

IRDAI Extends Grace Period For Life Insurance Policies Till May 31

IRDAI, the insurance regulator, has yet again extended the grace period for renewal premium payment of life insurance policies whose premium became due between March and May 31 in the wake of extended lockdown. Earlier also on March 23 and April ...

COVID-19 Impact: Health Insurance Providers To Settle Claims In 2 Hours

The Insurance Regulatory and Development Authority of India (IRDAI) has directed insurers to take a decision on health insurance claims within two hours, with an aim to alleviate pressure on the country's healthcare infrastructure that is currently facing the heat due ...

Now Insurers To Offer Moratorium On Term Loan Repayment

Close on the heels of the RBI's relief by way of moratorium on all fixed term loans, now IRDAI, the insurance regulatory body, has allowed insurers to offer moratorium relief on repayment of all term loans provided by them. This is ...

Health Insurance Premium To Increase By 5-25% As Revamped Plans In The Offing

After reports that term insurance plan will get costlier in few days from now, there is expected a premium hike of 5-25% on health insurance plans. The quantum of premium hike though will depend on the insurance company as well as ...

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