Friday, Aug 19, 2022
×
Outlook.com
×

Edelweiss General Insurance Launches Switch ‘Pay As You Drive’ Add-On Cover

Edelweiss General Insurance Launches Switch ‘Pay As You Drive’ Add-On Cover

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...

29 July 2022
IRDAI Allows Insurers To Empanel Hospitals For Cashless Treatment

IRDAI Allows Insurers To Empanel Hospitals For Cashless Treatment

IRDAI has now modified the health insurance guidelines to improve customer experience. Now, you can also avail yourself of cashless treatment at your preferred...

21 July 2022

Kotak General Insurance Launches AI-Based Vehicle Inspection For Motor Insurance Renewals

The technology would help in the renewal process as well as detect fraud, thereby also aiding in the underwriting process.

Irdai Releases Series Of Videos On Different Insurance Policies To Spread Awareness

Irdai Releases Series Of Videos On Different Insurance Policies To Spread Awareness

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...

18 July 2022

Total Number Of Life Insurance Policies Sold In June 2022 Up 32%, Shows Irdai Data

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...

Advertisement
06 July 2022
Pay As You Drive: IRDAI allows Tech-Enabled Concepts For Own Damage In Motor Insurance

Pay As You Drive: IRDAI allows Tech-Enabled Concepts For Own Damage In Motor Insurance

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...


23 June 2022
Irdai Mulling To Extend Testing Period Under Regulatory Sandbox Mechanism To 3 Years

Irdai Mulling To Extend Testing Period Under Regulatory Sandbox Mechanism To 3 Years

The Irdai Chairman said all these initiatives will help in furthering the goal of insurance penetration and reaching out to more and more people


21 June 2022
Soon Make Additional AML Declarations While Buying Insurance Policies

Soon Make Additional AML Declarations While Buying Insurance Policies

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)...


21 June 2022
Life Insurance Companies Could Soon Be Allowed To Sell Health Insurance Policies

Life Insurance Companies Could Soon Be Allowed To Sell Health Insurance Policies

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...


14 June 2022
Irdai Eases Solvency Margin Requirement For Crop Business; To Unlock Rs 1,400 Crore Funds

Irdai Eases Solvency Margin Requirement For Crop Business; To Unlock Rs 1,400 Crore Funds

The decision, Insurance Regulatory and Development Authority of India (Irdai) said, is part of series of reforms it has undertaken to increase insurance...


Advertisement

12 June 2022
IRDAI's New Norms To Prompt Insurers To Launch Innovative Policies Swiftly: Experts

IRDAI's New Norms To Prompt Insurers To Launch Innovative Policies Swiftly: Experts

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...


10 June 2022
Ageas Federal Life Targets 40% Sales Growth As Ownership Issues Settle Down

Ageas Federal Life Targets 40% Sales Growth As Ownership Issues Settle Down

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...


10 June 2022
Irdai Allows Life Insurers To Launch Products Without Prior Approval

Irdai Allows Life Insurers To Launch Products Without Prior Approval

This comes days after Insurance Regulatory and Development Authority of India (Irdai) extending similar relaxations to health insurance products as well as...


06 June 2022
IRDAI’s Challenges On Health And General Insurance Product Approvals

IRDAI’s Challenges On Health And General Insurance Product Approvals

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...


01 June 2022
IRDAI Eases Approval Norms For Health, General Insurance Products

IRDAI Eases Approval Norms For Health, General Insurance Products

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...


25 May 2022
Policy Cancellation, Grievance Redressal And Three Other Rights Health Insurance Buyers Can Exercise

Policy Cancellation, Grievance Redressal And Three Other Rights Health Insurance Buyers Can Exercise

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...


Advertisement

20 May 2022
Avoid Misleading Motor Insurance Advertisements, IRDAI Tells General Insurers

Avoid Misleading Motor Insurance Advertisements, IRDAI Tells General Insurers

IRDAI has said that general insurers issuing advertisements on the motor vehicle services, projecting them as benefits provided within the insurance cover, is...


13 May 2022
Soon You Will Be Able To Customise Fire Insurance Policy For Your Home, Small Business

Soon You Will Be Able To Customise Fire Insurance Policy For Your Home, Small Business

Irdai allows general insurers to launch customised fire policies alongside standard fire and property insurance products for individuals as well as micro and...


29 April 2022
IRDAI Hikes Investment Limit For Insurance Company In BFSI Sector To 30%

IRDAI Hikes Investment Limit For Insurance Company In BFSI Sector To 30%

The limit of 25 per cent of investment assets stands revised to a limit of 30 per cent of investment assets, IRDAI said.


30 April 2022
Is Personal Accident Cover Mandatory For Car Insurance? Know The Facts

Is Personal Accident Cover Mandatory For Car Insurance? Know The Facts

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...


14 April 2022
Insurers Look Towards Hiking Prices As Covid Subsides; Hike To Hit Consumers

Insurers Look Towards Hiking Prices As Covid Subsides; Hike To Hit Consumers

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...


12 April 2022
Majority Wants Insurers To Restart Sending Physical Copies Of Policy Documents: Survey

Majority Wants Insurers To Restart Sending Physical Copies Of Policy Documents: Survey

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...


12 April 2022
Policyholders Want Insurers To Restart Sending Physical Copies Of Policies

Policyholders Want Insurers To Restart Sending Physical Copies Of Policies

Most people want insurance companies to restart sending physical copies of policy documents as Covid-19 infections have fallen in India, finds a survey


11 March 2022
Govt Appoints Ex-financial Services Secretary Debasish Panda As IRDAI Chief

Govt Appoints Ex-financial Services Secretary Debasish Panda As IRDAI Chief

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...


12 March 2022
Does Your Health Policy Cover These Benefits Or Is It Time To Port To Another?

Does Your Health Policy Cover These Benefits Or Is It Time To Port To Another?

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...


Advertisement
Advertisement
Advertisement
Advertisement
Advertisement