Edelweiss had introduced the concept of usage-based motor insurance in India with the launch of Switch in 2020. Thereafter, it introduced both Pay As You Drive and Pay How You Drive with Switch 2.0. Now, the new add-on cover facility promises to save 25 per...
IRDAI has now modified the health insurance guidelines to improve customer experience. Now, you can also avail yourself of cashless treatment at your preferred...
The technology would help in the renewal process as well as detect fraud, thereby also aiding in the underwriting process.
The Insurance Regulatory and Development Authority of India (Irdai) has released a series of videos on its website. These are on life insurance, third-party...
Though the growth in the total number of policies sold jumped 32 per cent, the growth in premium collection was just 4.15 per cent, shows data released by...
IRDAI has permitted general insurance companies to introduce tech-enabled concepts, such as Pay as You Drive and floater policy for vehicles belonging to the...
The Irdai Chairman said all these initiatives will help in furthering the goal of insurance penetration and reaching out to more and more people
Irdai extends the deadline for comments and suggestions on draft guidelines issued on new processes to be followed by insurers for anti-money laundering (AML)...
IRDAI is considering a new policy guideline, which if passed, would allow life insurance companies to offer health insurance policies, too. Read below to find...
The decision, Insurance Regulatory and Development Authority of India (Irdai) said, is part of series of reforms it has undertaken to increase insurance...
IRDAI last week extended the 'use and file' procedure for most of the life insurance products, thereby allowing insurers to launch new products without prior...
After the approvals from Irdai and Competition Commission, the life insurer will become the first in the segment to have maximum foreign ownership of 74 per...
This comes days after Insurance Regulatory and Development Authority of India (Irdai) extending similar relaxations to health insurance products as well as...
IRDAI has allowed insurers to offer health and most of the general insurance products to customers without its prior approval, but they come with their own set...
Irdai has tweaked the 'Use and File' procedure for all the health insurance products and almost all the general insurance products in line with the reform...
Just buying a health insurance policy is not enough. Equally important is to know your rights as a buyer. The IRDAI has issued specified guidelines that...
IRDAI has said that general insurers issuing advertisements on the motor vehicle services, projecting them as benefits provided within the insurance cover, is...
Irdai allows general insurers to launch customised fire policies alongside standard fire and property insurance products for individuals as well as micro and...
The limit of 25 per cent of investment assets stands revised to a limit of 30 per cent of investment assets, IRDAI said.
As per the IRDAI mandate, you can now choose to buy a separate ‘compulsory personal accident cover’ policy to cover against accidental risks, while driving...
A lot of life and health insurance players are looking to raise charges that are likely to be passed on to consumers. Higher premiums may mean profitability to...
A survey by the Bombay Master Printers Association (BMPA) further indicated that over 80 per cent of the respondents want the IRDAI to intervene and direct...
Most people want insurance companies to restart sending physical copies of policy documents as Covid-19 infections have fallen in India, finds a survey
The Appointments Committee of the Cabinet has approved Panda's appointment as chairperson of the insurance regulator initially for a period of three years from...
As hospital costs continue to escalate, it’s time to switch to a health insurance policy that gives more coverage in terms of sum insured as well as better...
