New insurance coverage give up worth regulations to return into impact on April 1

[ad_1] Insurance coverage regulator Insurance coverage Regulatory and Construction Authority (IRDAI) has launched a collection of recent rules in the case of the give up worth of insurance coverage insurance policies. The brand new algorithm will come into impact from the following monetary 12 months i.e. April 1, 2024.  In line with the most recent … Read more

From Big name to Galaxy: Jagannathan, 79, to begin new medical insurance challenge – ET HealthWorld

[ad_1] V Jagannathan, the founding father of Big name Well being and Allied Insurance coverage Corporate, is putting in place a brand new challenge within the medical insurance realm. On the age of 79, he is launching Galaxy Well being and has carried out for R1, a initial licence utility, with the insurance coverage regulator … Read more

IRDAI to strengthen scrutiny of well being & financial savings plans aimed toward people over 55 to curb misselling – ET HealthWorld

[ad_1] New Delhi: The insurance coverage regulator is eyeing enhanced scrutiny of advanced insurance coverage merchandise, particularly the ones aimed toward people over 55, together with well being and financial savings plans to curb misselling. The Insurance coverage Regulatory and Construction Authority of India, IRDAI, is in discussions with all stakeholders, together with banks, about … Read more

IRDAI proposes to boost loose appearance length from 15 to 30 days. Main points right here

[ad_1] The insurance coverage regulator IRDAI (Insurance coverage Regulatory and Construction Authority of India) has proposed to increase the loose appearance length for the insurance policies from the present 15 days to 30 days now.  This is without doubt one of the insurance policies proposed to verify coverage of policyholders’ hobby. The others come with the … Read more

Irdai orders takeover of Sahara Life by SBI Life to protect policyholders

[ad_1] In an effort to protect the interest of thousands of policyholders of defunct Sahara Group’s insurance arm Sahara India Life Insurance Co. Ltd., the insurance regulator, on Friday, directed a take-over of the company’s all the 2 lakh-odd live insurance policies by India’s largest privately held life insurer SBI Life Insurance Co. Ltd. Following … Read more