The month of May was quite rewarding for both life and general insurance companies as they posted good revenues compared to last years. As per the reports published by the Insurance Regulatory and Development Authority of India (IRDAI) for the month of May, the growth numbers were promising. While some insurance companies, like Cigna TTK, […]
IRDAI has introduced some changes in the duration of motor insurance policies. As per the latest circular issued by IRDAI, it has been proposed that both two-wheeler and four-wheeler third party motor insurance policies would be offered for long tenures. While two-wheeler third party policies should be offered for a continuous period of 5 years,[…..]
Every year the Insurance Regulatory and development Authority (IRDA) makes changes in the third party premium rates for motor insurance policies. This year too, the authority has made changes in the premium rates for motor third party liability cover. Here are the revised rates vis-à-vis the older ones for you to know – For private[…..]
In a major move to protect consumer interests and curb malpractices in India, the Insurance Regulatory and Development Authority (‘IRDA’), on 30 June 2017, notified the IRDA (Protection of Policyholders’ Interests)Regulations, 2017, which supersedes the existing IRDA (Protection of Policyholders’ Interests) Regulations, 2002. Among other reforms, the 2017 regulations define more stringent timelines for investigation[…..]
The Insurance Regulatory and Development Authority (IRDA) lays down rules and regulations for insurance. From time to time, IRDA formulates new regulations or makes changes in existing regulations to adapt to the changing insurance industry. Similarly, there have been a few changes in the norms of opening eInsurance Accounts. Do you know what eInsurance Accounts[…..]
