New Rule From March 1: Pay For Insurance Premium Through Blocked Amount On UPI, Mandates IRDAI
IRDAI has allowed a facility of the UPI One Time Mandate to be used by insurers, that allows users to block funds in their bank accounts for specific transactions, ensuring availability of funds while deferring actual payments.
Feb 20, 2025, 09:38 AM IST
Huge Respite To Insurance Policy Holders! Govt Asks Insurers To Extend Free Look Period From 1 Month To 1 Year
Last year, the Insurance Regulatory and Development Authority of India (IRDAI) had extended free look period for policyholders period from 15 days to 30 days.
Feb 18, 2025, 10:56 AM IST
IRDAI to set up hubs on motor, property insurances to promote loss prevention measures
IRDAI has decided to set up two hubs on motor insurance and property insurance and also an advisory committee with the overall objective to promote loss prevention measures in the general insurance industry.
Jan 06, 2022, 22:08 PM IST
What is the Saral Jeevan Bima Policy?
This term plan called the Saral Jeevan Bima is on the lines of the standard health insurance policy – the Arogya Sanjeevani Policy. It shares similar features across all insurers and aims to make low-cost term insurance a widespread reality.
Jun 14, 2021, 19:19 PM IST
New IRDAI rules for designing, pricing of general insurance products
The proposed regulations provide the basic framework and reflect the fundamental principles to be followed in respect of product design and pricing, said Insurance Regulatory and Development Authority of India (IRDAI).
Apr 06, 2021, 17:38 PM IST
Irdai allows insurers to offer Arogya Sanjeevani Policy for sum insured above Rs 5 lakh
The insurers can launch the modified policy with immediate effect.
Jul 08, 2020, 10:49 AM IST
Suggest names for 3 insurance policies and win Rs 10,000 from Irdai
Participants are required to send their entries to Irdai by July 10.
Jun 29, 2020, 18:09 PM IST
IRDAI extends Life Insurance policy premium payment date – Here’s what policy holders should know
Earlier, IRDAI had announced on March 23 2020 and April 4 2020, additional Grace Period of 30 days for the policies where premium fell due in the months of March 2020 and April 2020.
May 11, 2020, 14:02 PM IST
IRDAI mulls idea to link your insurance premium to traffic violations
A High Powered committee has requested IRDAI to examine the establishing of a system of linking of motor insurance premium with traffic violations.
Sep 09, 2019, 17:02 PM IST
Irdai asks insures for easy crop insurance claim settlement, use of vernacular language
Irdai, in a circular, said there is a need for effective implementation of crop insurance schemes.
Mar 25, 2019, 17:39 PM IST
Irdai forms panel for reinsurance framework review
Insurance regulator Irdai has set up a 17-member committee to conduct a comprehensive review of the existing reinsurance framework.
May 08, 2017, 18:06 PM IST
General insurance premium set to go up from April 1
Car, motorcycle and health insurance will cost more from April 1 with regulator Irdai giving go-ahead to insurers for revision in commission for agents. The change in premium after modification will be limited to +/- 5 per cent of the existing rates.
Mar 26, 2017, 17:46 PM IST
Irdai to form actuary panels for life, general insurers
General and life insurance companies will be able to engage actuaries as the regulator Irdai will soon form panel of such analysts.
Feb 20, 2017, 18:57 PM IST
Insurance e-commerce draft policy lauded by insurance companies
Insurance companies are enthusiastic about the proposed guidelines on selling and servicing of policies through e-commerce platform that aims to do away completely with any kind of physical intervention.
Jun 11, 2016, 18:35 PM IST
Soon, pay health insurance premium in instalments
Zee Media Bureau
New Delhi: Your health insurance provider is soon likely to offer you an option to part pay your insurance premium.
May 13, 2016, 16:43 PM IST
Irdai slaps Rs 15 lakh penalty on New India Assurance
Insurance regulator Irdai has slapped a penalty of Rs 15 lakh on public sector general insurer New India Assurance Co Limited for violating various insurance norms
Mar 17, 2016, 20:42 PM IST
Bupa to acquire additional 23% stake in Max Bupa for Rs 191 crore
UK's Bupa will increase its stake in Indian health insurance venture Max Bupa by 23 per cent to 49 per cent for Rs 191 crore.
Nov 23, 2015, 17:39 PM IST
Absence of policy-holders' voice in the panel on motor insurance unfair: Insurance regulator
The absence of any representative to voice the views of motor insurance policy-holders in a committee set up by IRDAI to bring clarity and transparency in payouts made to auto dealers is unfair, say industry experts.
Nov 23, 2015, 14:45 PM IST
SAT may hear SBI Life case against IRDAI this week
The Securities Appellate Tribunal (SAT) has served a notice to Insurance Regulatory and Development Authority of India (IRDAI) in adjudication of a case relating to SBI Life, the life insurance arm of SBI.
May 03, 2015, 12:41 PM IST
IRDAI wants insurers to stick to grievance redressal norms
IRDAI feels that this is giving rise to "aggravated customer dissatisfaction and escalation of complaints to higher authorities".
Apr 26, 2015, 14:10 PM IST