IRDAI

The Insurance Regulatory and Development Authority of India (Irdai) has asked all insurance companies providing health insurance to comply with regulations to cover mental illness by all insurance products before October 31. Mental…

The size of share sale is dependent on the valuation. The secretary of DIPAM Tuhin Kanta Pandey has responded to media reports that the LIC IPO is unlikely to happen this fiscal. He tweeted that the reports are false and that the…

The second waveof Covid-19 has taken the entire country by storm and India in order to help uninsured citizens whose incomes or health get hit by Covid, is contemplating to set up a pandemic pool worth at least ?1 lakh crore. …

The government of India (GoI) along with LIC will dilute a certain extent of their stakes in IDBI Bank after consultation with RBI. The Cabinet Committee on Economic Affairs (CCEA) has approved for IDBI Bank to be disinvested to private…

The Insurers now need to approve cashless claims related to COVID hospitalisation within 60 mins of receipt of the required documents. IRDAI has directed insurers to inform various hospitals about authorisation of cashless claims…

IRDAI asks insurance companies to expedite the settlement process of cashless claims made by Covid treatment policyholders. Reports of hospitals denying cashless insurance facilities for treatment of Covid-19 positive patients…

The general insurance industry is pinning hopes on the government to favor their request for a raise in third party (TP) motor insurance rates for 2021-22. The general insurance industry is pinning hopes on the government to favor their…

A higher regular income pension product to be brought out by IRDAI If you were always wondering whether or not you will ever be able to buy a a pension product that will give you higher regular income, then god has smiled upon you, or…

Insurance Companies Oppose Vaccination Cover Under Insurance Policies; But Govt Wants Them To The distribution of COVID 19 vaccines has finally started in India. More than 6 lakh frontline workers are already vaccinated till now.…

Open Axis Bank Account, Get Insurance Policy With Video KYC: How It Works? Insurance Regulatory and Development Authority (IRDAI) has permitted life as well as general insurers to use the Video-Based Identification Process (VBIP) for…