Page 32 - Irdai

Out-of-pocket expenses set to fall for policyholders after new Irdai rules

Now insures have to define the associate medical expenses which will be deducted proportionately if a person opts for a higher room category than the category that is eligible

Irdai issues guidelines for standardisation of indemnity health products

Policyholders can cancel their policies at any time by giving a 15 days' notice to the insurer and the company has to refund premium for the unexpired policy period

Irdai asks insurers, TPAs to disclose infra details of hospitals in network

Insurers and TPAs have been asked to provide details of medical infrastructure of hospitals

Top headlines: IPO filings dry up, challenges for Maruti Suzuki, and more

From IBM dropping its facial recognition software, Irdai withdrawing its long-term covers on motor to FM telling banks to improve interest rate transmission, here are the top headlines on Wednesday

Irdai withdraws long-term package covers in motor sector over affordability

Regulator also says insurers are facing issues in offering the product

Centre likely to rework NHAI financing plans amid Covid-19 crisis

A committee, under the chairmanship of Nilesh Sathe, former member of the Insurance Regulatory and Development Authority of India (IRDAI), has been set up.

Opting for EMI on health insurance premiums? You may end up paying more

This is because insurers are levying a nodal charge of 3-4 per cent on premium paid through instalment

Term insurance: Premium rates lower at younger age, don't change thereafter

As your liabilities increase, you will not have to augment your cover at a later date

Arogya Sanjeevani: A straightforward, reasonably priced health plan

If you already have an insurance policy, opt for super top-up to enhance the sum assured

Top 10 biz headlines: Boeing cuts 12,000 jobs, SBI slashes FD rate and more

Here are the top 10 headlines on Thursday morning

Irdai allows PNB to hold more than 10% promoter stake in 2 insurance firms

The insurance regulator has allowed PNB to keep its shareholding in both the insurance companies intact for now

Revised inter-creditor pacts may do away with need for 66% lenders' nod

Banks will be able to customise ICAs in accordance with their needs even as more financial stakeholders are on-boarded, including those with foreign currency exposures

Banks, financial cos must be allowed to avail credit insurance: Irdai group

Trade credit insurance covers a seller against the risk of non-payment by its customers arising due to willful default or insolvency

Regular health insurance policies cover Covid-19, says Irdai chairman

IRDAI has received an overwhelming response to the Regulatory Sandbox initiative which is a mechanism created to foster innovation in insurance sector

How the insurance sector is likely to pan out in the post Covid-19 scenario

The pandemic seems to be following the trajectory of the Great Depression for Indian insurance sector, which will be among the few that could do well coming out of the impact of coronavirus

Covid-19 impact: Sebi may tweak pay structure of top MF executives

Caps on variable pay, staggered bonus payouts among likely steps to rein in risky moves by fund managers

Help policyholders get uninterrupted coverage: Irdai to general insurers

The non-life insurers decided to give a one-time relaxation to policyholders whose property has remained un-occupied and who are at risk of losing their coverage due to lockdown

Life insurance companies register 11.36% growth in premium income in FY20

The 24 life insurance companies' collective premium income stood at Rs 43.33 trillion during fiscal year 2018-19

Link motor third-party obligation to number of uninsured vehicles: Irdai

Currently, the motor third party obligation is based on the amount of premiums an insurer collects on any given year out of motor third party business.

Covid-19: Irdai directs health insurers to settle claims within two hours

All the insurers shall decide health insurance claims expeditiously, it said in a circular