Page 26 - Irdai

Irdai nudges insurers to facilitate immunisation for policyholders

Irdai on Friday directed insurers to make special arrangements to facilitate inoculation of the eligible people at government or private hospitals

Irdai asks insurers to facilitate Covid vaccination of policyholders

The regulator said insurers may create awareness among policyholders about vaccination through effective communication via SMS or email

Remote working to push demand for cyber insurance: IRDAI official

Insurers are confronting a new reality in the COVID-19 situation as a long- term disruption to the customers, employees, investors and suppliers

Covid-19 impact on claims may force insurers to review prices: Irdai exec

General and standalone health insurers have received 938,640 claims related to Covid-19 till March 15, says Suresh Mathur

'Policies to cover hospitalisation cost due to adverse effects of vaccine'

Hospitalisation is covered under the health insurance policies subject to the specific terms and conditions of the policy, says Irdai

Health cover: Irdai rule gives consumers more freedom, say experts

Barring insurers from raising prices by adding benefits may also lead to better pricing: Experts

Insurers may soon be able to launch covers without regulator nod

In 2019, there were 439 actuaries and in a year, that number has gone up by just 19

We should have 1,000-1,200 actuaries at the earliest: Irdai chairman

Currently, India has only 458 full-fledged actuaries. In 2019, there were 439 actuaries and in a year, that number has gone up by just 19

Standardisation of products not against innovation, says Irdai Chairman

Irdai chairman further said that these standard products will not be frozen in time

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%

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 the amount of claims

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, solvency margin and liquidity position

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

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 COVID-19, citing improving economic conditions

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 accident date, even after the end of policy period

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 which they intend to acquire in the next few years

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

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 in cyber-attacks across the globe in the wake of COVID-19

Banks, brokers get most complaints for mis-selling insurance products

In 2018-19, banks received more than 12,000 mis-selling complaints; brokers close to 11,000. The number was even higher in FY18.

Irdai urges general insurers to file products for drone coverage

If the bodily injury results in permanent disability, the insurer will have to pay 125 per cent of the sum assured.