MUMBAI: Insurance Regulatory and Development Authority (Irdai) has set up a high-powered committee led by former SBI chairman Dinesh Khara to review key aspects of Insurance Act, 1938. The ...

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This initiative follows IRDAI’s master circular dated September 5, 2024, which mandates that premium payment should only be processed post-approval, with no requirement for advance deposits ...

The Insurance Regulatory and Development Authority of India (IRDAI) has permitted a one-time mandate for blocking the amount towards premium through Unified Payments Interface (UPI) mandate for ...

The Insurance Regulatory and Development Authority of India (Irdai) has asked at least 10 general and life insurance companies to submit a detailed road map for their listing strategies by the end ...

The Insurance Regulatory and Development Authority of India (Irdai) has capped insurers' annual premium hikes at 10% for senior citizens. Any increase beyond this limit will now require prior ...

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In its order, the regulator said insurance firms must consult it before proposing any hike above 10%, adding that IRDAI must be also be informed in case of withdrawal of individual health ...

One of the key proposals is to increase the foreign direct investment limit from 74% to 100%. The Insurance Regulatory and Development Authority of India (Irdai) has set up a seven-member ...

Insurance regulator IRDAI permitted life and health insurers to get a one-time mandate facility through Unified Payments Interface (UPI) from prospective health and life insurance customers.

Amid growing concerns over the steep rise in health insurance renewal premiums – 15 percent to even 100 percent in some cases, particularly for senior citizens – the Insurance Regulatory and ...

In a significant relief for senior citizens, the Insurance Regulatory and Development Authority of India (IRDAI) has imposed a limit on annual health insurance premiums. The regulator has stated ...