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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Shriram Transport Finance gets shareholders' approval for merger with SCUF
Shriram Transport Finance, which is part of the Shriram Group, now awaits approval from Shriram City Union Finance shareholders ...| July 06, 2022, Wednesday -
Buy a health policy that covers treatment at home and pays for consumables
Go for cashless treatment where available, as the reimbursement route is more burdensome| July 06, 2022, Wednesday -
Irdai permits general insurers to add tech-led add-ons in Motor OD cover
Insurers can introduce concepts such as "pay as you drive", "pay how you drive", and floater plans under motor own-damage| July 06, 2022, Wednesday -
Irdai and NHA to develop National Health Claims Exchange to settle claims
Based on a presentation by R S Sharma, CEO of NHA, chairman of Irdai Debasish Panda, has proposed creation of a working group ...| July 02, 2022, Saturday -
Online players, agents may have to disclose insurance commission
IRDAI is considering a proposal that seeks to have a single limit for expenses made by insurance companies| June 28, 2022, Tuesday -
Irdai may extend testing period to 3 years under regulatory sandbox
Insurance Regulatory and Development Authority of India (Irdai) is mulling to extend testing of products under the regulatory ...| June 24, 2022, Friday -
Your life insurer may soon be able to offer a health insurance policy too
The move is likely to reduce premiums of policies and boost access to affordable health cover| June 21, 2022, Tuesday -
Top Headlines: COAI on captive pvt networks, fintechs see surge in loans
The IRDAI is considering a proposal to make insurance frauds a parameter for calculating credit scores in an attempt to put a lid ...| June 20, 2022, Monday -
Irdai mulls linking insurance frauds with individuals' credit score
Believed to be a good deterrent as low score can deprive access to services| June 19, 2022, Sunday -
In the works at IRDAI: Making Indian insurance firms less risk-averse
The regulator hints at relaxing the FDI cap still further but it is unclear yet whether doing so would spread insurance to the ...| June 17, 2022, Friday
