Page 32 - Irdai

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

Health insurance premiums set to rise as firms to follow Irdai mandates

The rise in premiums could be in the range of 5-25 per cent, depending on the features that each insurance company adds on its products

Irdai rejects general insurers' call for blanket easing of solvency margins

However, it said specific cases would be considered on merit

Irdai grants exemptions to merged banks on corporate agency matters

Irdai has said the acquiring bank can retain the existing certificate of registration (COR) to act as a corporate agent and surrender the COR's held by the acquired banks

Irdai grants 3-month moratorium on term loans sanctioned by insurers

The RBI had issued directions on March 27, 2020 and asked banks, non-banks to provide moratorium on term loans for a period of three months starting from March 1, 2020

Life insurance policyholders get 30 days more to pay premium amid lockdown

Irdai has already provided additional time for payment of renewal premium in case of health insurance policies and motor third party insurance.

GIC seeks relaxation in regulatory norms as coronavirus hits operations

While insurance firms ignore MTM gains, they are required to recognise MTM losses as expenses