WHAT IS INSURANCE REGULATORY AND DEVELOPMENT AUTHORITY OF INDIA (IRDAI) ?
IRDAI
The Insurance Regulatory and Development Authority of India (Irdai) is an autonomous and statutory body which is responsible for managing and regulating insurance and re-insurance industry in India.
Irdai is a 10-member body- a chairman, five full-time members and four part-time members. It was constituted under an Act of Parliament in 1999 and the agency’s headquarters is in Hyderabad.
IRDAI NEWS
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Standardisation of products not against innovation, says Irdai Chairman
Irdai chairman further said that these standard products will not be frozen in time| February 26, 2021, Friday -
Health insurance companies get over 900K Covid-19 claims, settle 84%
Overall, the insurers have settled almost 84 per cent of the claims in terms of the number of claims, and 52 per cent in terms of ...| February 26, 2021, Friday -
Irdai launches standard personal accident cover, maximum Rs 1 cr assured
In the case of permanent total disablement, a similar benefit will be paid by the insurance firm| February 26, 2021, Friday -
Irdai withdraws circular on dividends payouts for FY20 over Covid-19
Insurance sector regulator Irdai on Thursday withdrew its circular on dividend payouts for 2019-20 by insurers in the wake of ...| February 25, 2021, Thursday -
Irdai removes curbs on dividend payout as insurers deliver better results
But, it has advised them to take a conscious call while declaring dividends for FY21, keeping in mind their capital position, ...| February 25, 2021, Thursday -
Irdai launches standard personal accident cover, max Rs 1 cr sum assured
General and standalone health insurers will have to offer product from April 1, full claim payable on death with 12 months of ...| February 25, 2021, Thursday -
Coming soon: Pay life insurance premium in advance, get a discount
IRDAI proposes to link discount with SBI savings bank rate, which is currently at 2.7%| February 25, 2021, Thursday -
IRDAI approves Axis entities' stake acquisition in Max Life Insurance
In addition, Axis entities have the right to acquire an additional stake of up to 7 per cent in Max Life in one or more tranches ...| February 25, 2021, Thursday -
Irdai forms panel to review security guidelines to deal with cyber-attacks
Irdai on Wednesday said it has formed a committee to review its information and security guidelines due to exponential increase ...| February 24, 2021, Wednesday -
Axis entities get Irdai approval to acquire stake in Max Life Insurance
Axis Entities will have the right to acquire another 7 per cent in the life insurance company, in or more tranches| February 24, 2021, Wednesday
