Tag: Irdai

Pandemic helped drive the goals of financial inclusion: Debasish Panda

The pandemic underscored India’s disruptive progress on the touchstone of financial inclusion, with federal welfare payouts directly reaching the intended beneficiaries in a largely fraud-proof...

Insurance biz: MNCs can own 74%, but FIIs, PEs hold the key

(This story originally appeared in on Jul 12, 2021) Mumbai: The government last week notified amendments to regulations for the insurance sector that enabled an...

Allow life insurers to play bigger role in healthcare ecosystem, HDFC Life chief Parekh urges Irdai

Life insurers in India should be allowed to play a bigger role to create an ecosystem in the healthcare sector so that they can be...

Is home care treatment add-on with your existing health policy beneficial

NEW DELHI: If your existing health insurance policy doesn’t cover home care treatment cost or domiciliary hospitalisation, then instead of porting it to a new...

Irdai issues norms on professional indemnity policy for insurance intermediaries

Insurance intermediaries such as brokers, corporate agents, insurance web aggregators and marketing firms, who are engaged in solicitation and distribution of products, are now required...

View: Some fiscal incentives are necessary to motivate people to buy health insurance

Covid-19 has exposed the fact that health insurance penetration is woefully low in India. The ratio of domestic gross direct premium income (GDPI) underwritten by...

Over 20% health policy buyers redeem ‘wellness points’ for discount on renewals

MUMBAI: As medical costs increase every year, it is important to have a health insurance policy and to stay fit. According to a study by...

Former officials from RBI, Sebi and IRDAI join law firm Cyril Amarchand Mangaldas

Three former senior regulators, from the Reserve Bank of India, Securities & Exchange Board of India and the Insurance Regulatory and Development Authority of India,...

Irdai working group suggests title insurance for home buyers

The Insurance Regulatory and Development Authority of India (Irdai) has constituted a working group that submitted a report related to the product structure of title...

Should you consider buying a top-up plan with Arogya Sanjeevani policy?

NEW DELHI : The Insurance Regulatory and Development Authority of India (Irdai) mandated all insurance companies to provide the Aarogya Sanjeevani Policy from April 2020;...

Things you must know while applying for covid claim settlement

NEW DELHI : It is important to know about covid-19–related claim settlement procedures so that you don’t face trouble in getting your claim settled in...

Is your hospital not granting cashless facility for Covid-19 treatment? Here’s how to file a complaint

There are some reports that some hospitals are not granting cashless facility for treatment of Covid-19 despite policyholders being entitled for getting cashless treatment under...

Who should opt for the Arogya Sanjeevani insurance policy?

Insurers have to mandatorily offer the Arogya Sanjeevani policy with a sum insured ranging from ₹50,000 to ₹10 lakh from 1 May. This is the...

How surrender value of a life insurance policy is calculated

NEW DELHI : Life insurance is a long term commitment and there are some unfortunate times when you might have to surrender your policy. In...

Irdai sets up panel to relook guidelines on information, cybersecurity

The Insurance Regulatory and Development Authority of India (Irdai) has formed a working group committee to relook its information and security guidelines amid the exponential...

IRDAI working group wants index linked insurance to make a comeback eight years after being banned in India

A six-member IRDAI working group has suggested that there is a need to introduce index-linked insurance products as an alternative for more conventional guaranteed return...

Irdai to color code health insurance based on complexity

The insurance regulator is planning to make it easier for individuals to pick a health insurance policy. To make it simpler, the regulator wants each...

60 lakh lives covered under covid-19 health policies, says Irdai chairman

Insurers in the country have covered around 60 lakh lives under the two covid-19-specific policies, Corona Kavach and Corona Rakshak, Subhash Chandra Khuntia, chairman of...

The small issue of making a multi-cap true to label

As an investor in a multi-cap fund, you could be feeling really confused about the uproar caused by the 11 September 2020 Sebi circular on...

Index-linked insurance products may make a comeback

The Insurance Regulatory and Development Authority of India (Irdai) on Tuesday published a circular stating the formation of a working group to examine various aspects...

Irdai’s push for digitization makes buying life insurance policy easier

In a bid to make the purchase of term plans easier and to solve the problem of issuing physical policies amid covid-19, Irdai this week...

Review the insurance document, verify agent’s credentials before buying

Every once in a while, someone in our company gets an email from my official account asking them to immediately transfer money to a third-party...

What does scrapping of long-term motor covers mean for existing policyholders?

The Insurance Regulatory and Development Authority of India, in June, asked all general insurers to withdraw long-term packages offering both third-party liability (TP) and own-damage...

Go for Corona Rakshak if you already have health insurance

Most insurance companies have started offering the regulator-mandated standard indemnity health policy, Corona Kavach, for covid-19, but only a few have launched the standard benefit-based...

Find out about these five things before buying Corona Kavach

Take the example of the line of treatment that a hospital follows. According to most insurers, they will only pay for treatments that the government...