Photo: Indian Mandarins

Health, General Insurers Can Sell Products Without Prior Permission: IRDAI

The Insurance Regulatory and Development Authority of India (IRDAI) approved the "Use and File" procedure for all health insurance products and practically all general insurance products on June 1. The Use and File approach implies that insurers can launch their products to the market after filing with the regulator. This prevents excessive wait times in providing new insurance solutions to consumers in order to assist meet the changing… read-more

Thu, 02 Jun 2022 - 10:44 AM / by Vidhi Jhunjhunwala

Tags: IRDAI, Health insurers, Use and File, health products, insurers

Courtesy: Zee News


Photo: Edelweiss

Govt Likely To Defer LIC's IPO For Next Financial Year

The government may defer the announcement of Life Insurance Corporation's (LIC) initial public offering (IPO) in the current financial year ending March 2022. Reportedly, there are lots of preparatory work pending and the valuation of the state-owned life insurer will also take more time. Following the valuation, regulatory processes will start so it is unlikely that the IPO will take before the year ends, reported Business Today… read-more

Sun, 19 Dec 2021 - 09:01 PM / by Brijesh Goswami


Courtesy: Business Today


Photo: Study .com

IRDAI Urges Insurers To Be Transparent In Health Insurance Claims

The insurance regulator IRDAI has instructed insurance companies to be more transparent and furnishes details in cases of denied claims. Laying stress on the policyholders of life insurance schemes, the regulator, under the new circular on 'Health Insurance Claim Settlement,' urged the companies to provide updates about cashless claims when needed. Besides, asking companies to avoid rejecting claims based on "presumptions and conjectures", … read-more

Sun, 21 Mar 2021 - 08:24 PM / by Ronit John

Tags: Life insurance, India, health care, Insurance, IRDAI

Courtesy: The Economic Times

PUC certificate mandatory while reviewing vehicle insurance

Photo: India Tv News

'Pollution Under Control' Certificate Mandatory for Renewing Vehicle Insurance

The Insurance Regulatory and Development Authority of India (IRDAI) has made a valid Pollution Under Control (PUC) certificate mandatory for renewing and claiming vehicle insurance. Besides, the circular issued stated regarding "special focus on compliance in Delhi-NCR". The decision was announced after the Central Pollution Control Board (CPCB) raised issues that the Supreme Court’s directive stating non-renewal of insurance without valid … read-more

Mon, 24 Aug 2020 - 05:06 PM / by Bhavyata Kagrana

Tags: PUC, IRDAI, Supreme Court, Delhi-NCR

Courtesy: News18