Irda News

Companies

LIC shareholding in Adani group is within IRDAI framework, says DIPAM Secretary

The total assets under management (AUM) of LIC are over ₹41.66 lakh as of September 30, 2022. Therefore, LIC's exposure in the Adani group, as of date, is 0.975 per cent at book value

2 min read3 Feb 2023
Money

Cyber insurance helps cover losses caused by hacking & virus attacks

Cyber insurance gives additional coverage for IT consultants, counselling services, ATM robbery, counterfeit card liability, etc.

3 min read16 May 2022
News

‘Insurers must be given a bigger role in healthcare sector’

The year started on an uncertain note, the pandemic led to a significant loss of human life and now presents a challenge to public health systems, the way of working and the social norms, HDFC Life Chairman Deepak S Parekh said in the annual report

2 min read27 Jun 2021
Insurance

Policybazaar gets insurance broking licence

Policybazaar will now surrender its web aggregator licence to Insurance Regulatory and Development Authority of India (IRDAI) and undertake business including insurance aggregation under the broking umbrella

1 min read11 Jun 2021
Money

The insurance regulator’s 70's mindset is not serving the purpose in 2020

Irdai is trying to make changes in customer interest, but they just don’t go far enough

4 min read27 Oct 2020
Insurance

Irdai panel for lower entry-level capital for micro-insurance companies

The committee set up by the Insurance Regulatory and Development Authority of India (Irdai) to suggest steps to promote micro-insuranceThe report also suggested that Irdai and/or the central government may establish a Microinsurance Development Fund

2 min read11 Oct 2020
Insurance

How to avoid insurance frauds?

Always suspect offers which look too good to be true. Check twice with the insurance company before falling for any such offer.

1 min read8 Oct 2020
Money

Irdai to color code health insurance based on complexity

In its draft guidelines, Irdai, has suggested three colors—green, orange and red—that will denote product complexity.

2 min read7 Oct 2020
Insurance

Need to slice health insurance claims data for more clarity

Mint SecureNow Mediclaim Ratings (MSMR), too, looks at claims data available in the public domain when rating health insurance plans

5 min read6 Oct 2020
Insurance

New solvency norms for insurers on cards

Irdai’s plans come at a time many insurers have solvency ratios just above the minimum limit of 150%

1 min read18 Sep 2020
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