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Irdai

Finfluencers Must Disclose Sebi Registration Number, Qualifications On Social Media And Other Platforms: ASCI

In response to market concerns, ASCI tightens rules for financial influencers, making it mandatory for them to register with Sebi and disclose qualifications to ensure transparency.

18 August 2023

Six Regulatory Changes In Insurance And ITR Rules You Should Know

Irdai has been engaging with various stakeholders to ensure robust development and smooth implementation of its supervisory framework for the interest of the public.

26 July 2023

New Business Premiums of Life Insurers Rise 18% In June: IRDAI

The first-year premium of private life insurers increased by 13.01 per cent to Rs 11,990.91 crore, insurance regulator IRDAI said on Tuesday.

12 July 2023

Irdai Permits Insurers To Hold Investments In HDFC In ‘Housing And Infrastructure’ Category

Irdai has clarified that bonds, debentures held by insurance companies in the now-defunct HDFC at the time of the merger announcement of HDFC and HDFC Bank will continue to be treated as investments in the ‘housing and...

07 August 2023

IRDAI Asks Insurers To Expedite Help For Delhi Flood Victims: How To Secure Your Home Against Natural Disasters

The importance of home insurance against natural calamities cannot be ignored. Here’s a guide to insurance preparedness, exploring various considerations for homeowners and tenants.

18 July 2023

Supreme Court Admits Irdai's Appeal, Raises Concerns For Sahara’s 3,300 Policyholders

The Supreme Court has admitted Irdai’s appeal against the Securities Appellate Tribunal’s decision to stay the order directing Sahara India Life Insurance Company to transfer its life insurance business to SBI Life...

05 July 2023

RBI Treasury Bill And Bond Auction Update: Bond Yield Marginally Up; Indicative 1-Year T-Bill Yield At 6.94%

The 10-year Indian government bond yield closed at 7.19 per cent on Friday, up from last week’s closing at 7.16 per cent.

05 August 2023

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IRDAI Warns Public Against Unregistered Entity Bhartiya Cooperative General Insurance

IRDAI has issued a precautionary advice to the public against an unregistered entity by the name of Bhartiya Cooperative General Insurance Limited, which is soliciting insurance policies. The insurance regulator has urged...

29 June 2023

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29 June 2023
IRDAI Tightens The Noose For Investing In AIF By Insurance Companies

IRDAI Tightens The Noose For Investing In AIF By Insurance Companies

IRDAI has issued guidelines for investments in Alternative Investment Funds (AlFs) by insurance companies in a bid to enhance transparency and uphold...


27 June 2023
First Phase Pilot Of Risk Based Supervision From Next Month: Irdai

First Phase Pilot Of Risk Based Supervision From Next Month: Irdai

RBS is a shift towards adopting global best practices for supervision which focuses on proportionality, materiality and relies on holistic analysis of the...


21 June 2023
Sebi, Irdai, PFRDA Recommendations To Protect Customer Interests—A Regulatory Roundup

Sebi, Irdai, PFRDA Recommendations To Protect Customer Interests—A Regulatory Roundup

Here are some key changes recommended by Sebi, Irdai, and PFRDA between May 21 and June 20 to protect consumers’ interest.


17 June 2023
Cyclone Biparjoy: IRDAI Issues Guidelines To Insurers For Efficient Claims Processing 

Cyclone Biparjoy: IRDAI Issues Guidelines To Insurers For Efficient Claims Processing 

Here are the key steps outlined by the IRDAI in its circular to insurers to streamline the insurance claims for Cyclone Biparjoy, thus ensuring a swift service...


17 June 2023
Sebi Bars Online Bond Platforms From Selling Unlisted Bonds, Allows Other Offerings

Sebi Bars Online Bond Platforms From Selling Unlisted Bonds, Allows Other Offerings

SEBI has identified some online bond platforms that continue to offer unlisted bonds or non-compliant products or offer them on other related platforms and...


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16 June 2023
IRDAI Fine-Tuning Bima Sugam, Likely To Miss August Launch Date

IRDAI Fine-Tuning Bima Sugam, Likely To Miss August Launch Date

Bima Sugam once launched will serve as an online insurance marketplace, similar to an e-commerce platform, where insurers have the opportunity to offer and...


16 June 2023
Policyholder Protection: IRDAI Committee Revamps Insurance Ombudsman System

Policyholder Protection: IRDAI Committee Revamps Insurance Ombudsman System

The Insurance Ombudsman seeks to promote fair practices in the insurance industry and enhance policyholder protection. Here’s how it goes about its...


14 June 2023
IRDAI Pulls Up Insurers, Issues Directive To Promptly Report Cyber Security Incidents

IRDAI Pulls Up Insurers, Issues Directive To Promptly Report Cyber Security Incidents

The Insurance Regulatory and Development Authority of India has issued a directive urging insurance companies to promptly report cyber security incidents,...


10 June 2023
First-Year Life Insurance Premiums Dip 4.10% In May 2023 Over Last Year

First-Year Life Insurance Premiums Dip 4.10% In May 2023 Over Last Year

LIC experienced a decline in premium, while private insurers managed to generate positive growth


07 June 2023
Proactively Process Claims Related To Balasore Train Accident: IRDAI To Insurers

Proactively Process Claims Related To Balasore Train Accident: IRDAI To Insurers

The accident, one of the worst train tragedies in the country, claimed 278 lives and left more than 1,100 people injured. In a circular to insurers, the...


05 June 2023
Life Insurers Streamline Claim Settlement Process For Triple Train Accident Victims

Life Insurers Streamline Claim Settlement Process For Triple Train Accident Victims

India was struck by one of its worst train accidents when a triple train collision claimed the lives of at least 288 people and left over 1,100 injured last...


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05 June 2023
IRDAI Appoints SBI Life To Take Over Sahara India Life Insurance, What It Means For Sahara Policy Holders?

IRDAI Appoints SBI Life To Take Over Sahara India Life Insurance, What It Means For Sahara Policy Holders?

IRDAI has appointed SBI Life Insurance as the acquirer insurer for Sahara India Life Insurance, aiming to protect the interests of SILIC policyholders and...


02 June 2023
IRDAI Draft Guidelines For Bima Vahaks: A Promising Initiative For Insurance Inclusion And Awareness

IRDAI Draft Guidelines For Bima Vahaks: A Promising Initiative For Insurance Inclusion And Awareness

The IRDAI has issued draft guidelines for Bima Vahaks, a new initiative aimed at enhancing insurance inclusion and awareness across India. .


26 May 2023
Why IRDAI’s All-in-One Insurance Policy Initiative A Game Changer 

Why IRDAI’s All-in-One Insurance Policy Initiative A Game Changer 

IRDAI is spearheading an initiative to offer an affordable bundled insurance product with health, life, property, and accident risk cover. Know more.


26 May 2023
IRDA Plans To Allow Insurance Firms To Sell Mutual Funds: Know The Pros & Cons 

IRDA Plans To Allow Insurance Firms To Sell Mutual Funds: Know The Pros & Cons 

It aligns with a finance ministry proposal to explore the possibility of allowing insurers to offer a range of financial products, including mutual funds.


25 May 2023
Some Pain Points Addressed In Surety Bonds, More Changes Possible If Need Arises: IRDAI

Some Pain Points Addressed In Surety Bonds, More Changes Possible If Need Arises: IRDAI

Irdai chairperson Debasish Panda on Thursday said the insurance regulator has tried to address some of the "pain points" in relation to surety bonds, and...


25 May 2023
Finance Ministry Agrees To Allow Highway Contractors To Convert Bank Guarantees Into Surety Bonds, Says Nitin Gadkari

Finance Ministry Agrees To Allow Highway Contractors To Convert Bank Guarantees Into Surety Bonds, Says Nitin Gadkari

Union Minister Nitin Gadkari had recently said changes will be made to the surety bond offering to make it more lucrative as no contractor is buying it because...


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