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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SAT clearing more cases now than before Covid-19 pandemic, shows data
August and September each saw over 80 appeals to the SAT| October 26, 2020, Monday -
IRDAI panel to examine need for standard cyber liability insurance product
Irdai has set up a panel to explore possibility of a basic standard product structure to provide insurance cover for individuals ...| October 20, 2020, Tuesday -
Robust legal framework key for development of surety bonds market: IRDAI
An IRDAI working group has made a case for a robust legislation and ecosystem keeping in view the best international practices ...| October 19, 2020, Monday -
General Insurers should be allowed in surety bond biz: Irdai working group
This is because surety bond insurance is yet to develop in India and risk exposure under this business is significant compared to ...| October 19, 2020, Monday -
Covid-19: Switch to comprehensive insurance policy for broader coverage
Waiting period gains of Covid policy stay intact| October 16, 2020, Friday -
Need to expand health insurance to include outpatient care: Irdai chairman
In light of the Coronavirus (Covid-19) pandemic, health insurance has seen a surge in demand from consumers| October 15, 2020, Thursday -
Saral Jeevan Beema for Bharat: Irdai introduces standard life product
All insurers to offer the product from January 1, 2020| October 15, 2020, Thursday -
Need to have more disease-specific health insurance products: Irdai
Irdai Chairman Subhash Khuntia has urged health insurance providers to develop disease-specific products which could help policy ...| October 15, 2020, Thursday -
Irdai allows renewal, migration and porting of Covid specific policies
The Indian insurance regulator has allowed renewal, migration and portability of Covid-19 specific standard health insurance ...| October 14, 2020, Wednesday -
Don't impose 15-day waiting period for Corona Kavach renewal: IRDAI
As per the guidelines issued by the IRDAI, the short-term Corona Kavach policies are issued by insurance companies for ...| October 13, 2020, Tuesday
