[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
[ad_1] Insurance coverage regulator IRDAI has just lately issued instructions to all insurance coverage corporations telling them to hide AYUSH remedy simply as different remedies. AYUSH refers back to the remedy given underneath selection remedies of Ayurveda, Yoga, Unani, Siddha and Homeopathy. The most recent transfer stems from the rising occurrence of those remedies, on account … Read more
[ad_1] The period in-between funds on 1 February might set the level for a composite licence for existence and normal insurance coverage, a separate regulator for medical health insurance and an greater virtual push for the supply and sale of insurance coverage merchandise, two other people conscious about the plans mentioned. In line with one … Read more
[ad_1] Madras Top Court docket has directed the Insurance coverage Regulatory and Construction Authority of India (IRDAI) to regard AYUSH therapies the similar as Allopathy therapies on the subject of compensation of bills. In line with a file by means of Are living Legislation, Justice Anand Venkatesh emphasised the paintings completed by means of AYUSH … Read more
[ad_1] Lifestyles insurance coverage firms are at the verge of attaining an settlement to put into effect a 30 p.c cap on commissions paid to company companies, together with banks and non-banking monetary firms (NBFCs), for credit score lifestyles insurance policies, as in keeping with studies. Discussions in this topic have taken position in Lifestyles … Read more
[ad_1] In a bid to make the surety bond trade extra horny, the federal government is having a look at making related adjustments within the Insolvency and Chapter Code (IBC), PTI information reported. Whilst presenting the Union Finances 2022-23, Finance Minister Nirmala Sitharaman mentioned that the usage of surety bonds as an alternative choice to … Read more
[ad_1] Mumbai: Insurance coverage sector regulator IRDAI on Wednesday stated it’s running on with medical insurance suppliers to verify 100 in keeping with cent cashless agreement of clinical expense claims once imaginable. Lately cashless declare procedure is tiresome and insurers deduct 10 in keeping with cent or extra from the whole billing within the title … Read more
[ad_1] NEW DELHI : The government plans to introduce legislation during Parliament’s monsoon session to implement comprehensive reforms, including provisions for a composite insurance licence, relaxed entry barriers for companies, and simplified investment rules, in the insurance sector, two people aware of the development said. In the monsoon session starting 20 July, the Centre is … Read more
[ad_1] New Delhi: The Ministry of Road Transport and Highways (MoRTH) has issued a new draft notification on the premium for mandatory third-party motor cover for the current financial year (FY24). In the draft notification, MoRTH has proposed not revising the annual motor third party (TP) premium and also suggested reducing premium for a couple … Read more
[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
