IRDAI

Good News For Senior citizens: Health Insurance Now Available For Individuals Over 65

After the recent changes which came into effect from April 1, 2024 individuals of any age can now purchase new health insurance policies.

Apr 21, 2024, 14:40 PM IST

Invest Once In THIS LIC Scheme, Receive Rs 12,000 Monthly Pension: Read More

The scheme guarantees annuity rates at the policy's inception, providing annuities throughout the annuitant's lifetime.

Apr 06, 2024, 13:20 PM IST

New Insurance Policies To Be Issued Only In Electronic Format, Policy On Surrender Value Tweaked From Today, 1 April 2024

Insurance Regulatory and Development Authority of India has said that two new insurance rules are applicable from 01 April 2024.

Apr 01, 2024, 11:36 AM IST

New Insurance Policies To Go Digital From April 1: Here's All You Need To Know

E-insurance accounts involve the issuance and holding of policies in digital format. 

Mar 30, 2024, 12:02 PM IST

IRDAI Approves Setting Up Insurance E-Marketplace Bima Sugam, Goes For Big Regulatory Revamp

IRDAI said that it has approved eight principle-based consolidated regulations, following the comprehensive review of regulatory framework for insurance sector. 

Mar 23, 2024, 13:02 PM IST

Claiming Mediclaim Benefits To Be Easy Soon As Govt Planning To Take THIS Big Step

The matter in question revolves around the denial of medical claims by insurance companies when policyholders undergo surgery or treatment without being hospitalized for a minimum of 24 hours. 

Dec 25, 2023, 16:03 PM IST

IRDAI Instructs Insurers To Quickly Settle Odisha Train Accident Claims

Two private non-life insurers are directly involved in insuring the passengers who had booked their tickets on the Indian Railway Catering and Tourism Corporation Ltd's (IRCTC) online portal.

Jun 05, 2023, 13:50 PM IST

Irdai Proposes To Tighten Norms For Media Campaigns By Insurers

The procedure for accepting the advertisements is currently based on the approved 'File and Use' applications and compliance to Irdai advertisement regulations and circulars.

May 07, 2023, 15:12 PM IST

IRDAI asks Insurers to provide insurance cover for mental illness before October 31 - Details inside

Section 21 of the Mental Health Care Act 2017 makes mandatory for every insurer to create provisions for medical insurance for treatment of mental illness on the same basis as is available of physical illness.

Oct 20, 2022, 19:13 PM IST

Rising cyber threats: Get your cyber insurance soon or else you may have to...

Cyber insurance is a sort of coverage that guards against financial losses caused by many hazards of the digital age, including malware attacks, phishing, identity theft, and social media breaches, among others.

Sep 29, 2022, 14:21 PM IST

Customers will get agent portability option soon, check details

Customers have an agent portability option soon.  If you are not happy with the service of your insurance agent, now in the existing policy itself, you will get the option to change your agent.

Sep 12, 2022, 15:02 PM IST

Irdai to soon launch 'Bima Bharosa', its grievance redressal mechanism in new avatar

Integrated Grievance Redressal System (IGMS), launched in 2011, is being upgraded to make it more convenient for customers. 

Aug 07, 2022, 19:50 PM IST

Good driving habits can help you save money! Here's how Indian Govt plans to reward drivers?

As a step towards facilitating technology-enabled covers, Irdai has permitted general insurance companies to introduce tech-enabled concepts for the OD surface, including Pay as You Drive and Pay How You Drive, reports PTI.

Jul 06, 2022, 19:28 PM IST

Irdai permits health, general insurers to launch products without its prior approval

The Insurance Regulatory and Development Authority of India (Irdai) has extended the 'Use and File' procedure for all the health insurance products and almost all the general insurance products in line with the reforms agenda taken up towards having a fully insured India, the regulator said in a statement.

Jun 02, 2022, 08:57 AM IST

Insurance buyers, ALERT! Irdai warns against buying health insurance from THIS site

IRDAI pointed out that the policies offered by Even Health aren’t health insurance plans. 

Apr 15, 2022, 13:29 PM IST

Insurance alert! Corona Kavach Policy gets 6-month extension, check policy details

IRDAI in its latest circular said that reference is invited to the short term Covid specific health insurance policies permitted to be offered by all Insurers.

Apr 04, 2022, 12:31 PM IST

Finance ministry invites applications for Irdai whole-time member post

The last date for submitting applications is February 15, 2022.

Jan 18, 2022, 23:13 PM IST

Third-party motor insurance premiums could hike in 2022, check how much more you may need to pay

Insurance companies are eyeing to increase the premiums of third party motor insurances.

Jan 12, 2022, 19:57 PM IST

IRDAI to set up hubs on motor, property insurances to promote loss prevention measures

IRDAI has decided to set up two hubs on motor insurance and property insurance and also an advisory committee with the overall objective to promote loss prevention measures in the general insurance industry.

Jan 06, 2022, 22:08 PM IST