"irdai"

The Supreme Court has directed every state to constitute dedicated SITs to investigate suspected fraudulent insurance claims, noting that the same vehicles were repeatedly shown in accidents. It also ordered insurers to report suspected fraud, act against involved officials and strengthen verification systems

The Finance Ministry has issued an advisory explaining the grievance redressal process for insurance policyholders. Customers must first approach insurers and can later escalate unresolved complaints to IRDAI through the Bima Bharosa Portal, helpline numbers or email channels

The Supreme Court has extended the mandatory third-party insurance period to four years for new cars and six years for new two-wheelers. It also issued directions to improve insurance compliance, strengthen enforcement and introduce a uniform, consumer-friendly motor insurance framework

Government’s move to raise FDI limit in the insurance sector to 100 per cent is welcome, but it must address genuine concerns with openness and fairness

Cyberabad EOW officials arrested an IRDAI Assistant Manager for misappropriating Rs 5.3 crore using forged invoices and documents. Police said the accused, caught in a debt trap, diverted official funds into family accounts by manipulating vendor payment details

Knowing why it matters is quite well the difference between the right and wrong decision.

With these new rules, finding the best health insurance in India is much easier, and families can now optimise their coverage. Understanding these changes will help you choose a health insurance plan that best suits your family’s needs.

Using technical clauses and fine print to deny legitimate claims raises serious questions about consumer protection

The Telecom Regulatory Authority of India (TRAI) met with representatives from the Reserve Bank of India (RBI), the Securities and Exchange Board of India (SEBI), the Insurance Regulatory and Development Authority of India (IRDAI), other financial institutions, and all telecom service providers (TSPs)

The GIC, constituted under section 64C of the Insurance Act, 1938 since 2001 by the IRDAI, will be working with insurance providers to make the initiative a success.

The public sector reported 800 per cent profit profit, while private insurers together registered an increase by 72.36 per cent in 2022-23.

This causes confusion among policyholders while purchasing an insurance policy, Irdai said in an office order on 'Committee for Plain Language for Policy Wordings'.

Currently cashless claim process is tiresome and insurers deduct 10 per cent or more from the total billing in the name of consumables and other heads.

Justice Singh observed that several general and health insurance companies, including four government insurance companies, have launched insurance products for persons with disabilities.

Last October, the Insurance Regulatory and Development Authority of India (IRDAI) had penalised Axis Bank Rs 2 crore for the share transactions which was done mainly to get excess remuneration as corporate agent of Max Life than permissible under the rules.

Irdai has asked insurers to settle claims in the states affected by cyclone Biparjoy in an expeditious manner

IRDAI has granted certificate of registration to Go Digit Life Insurance Limited to commence life insurance business in the country.

Candidates in the age group between 21 to 30 years as on May 10 are eligible to apply.

IRDAI Member Rajeswari, who was the Chief Guest, advised the insurers to strive towards customer satisfaction.

Hyderabad: With the rise of cyber fraud cases in India every year, it has become necessary for individuals and companies to opt for cyber insurance coverage. Cyber insurance policies, introduced by the Insurance Regulatory Development Authority of India (IRDAI), help people manage their cyber risks during unforeseen circumstances. It protects an individual or an organisation […]