Indian regulator permits insurer investment in NDB bonds
India's insurance regulator Irdai approved a proposal allowing domestic insurers to invest in New Development Bank's Maharajah INR-denominated bonds for corporate purposes.
Results for "IRDAI"
16 stories found
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Saudi Arabia Forms Maritime Coalition to Protect Red Sea Shipping
Saudi Arabia announced the formation of a 14-country maritime coalition to secure commercial shipping in the Red Sea, following increased Houthi attacks threatening the vital waterway. The initiative aims to protect navigation and potentially involves a naval and ground offensive against Houthi forces in Yemen.
IRDAI Launches Comic Book Series to Simplify Life Insurance
India's insurance regulator, IRDAI, has launched a new comic book series featuring a young advisor to simplify complex life insurance concepts for the general public and improve financial literacy.
IRDAI Allows 2-Hour Hospitalization Claims in Health Insurance
India's IRDAI has introduced a new rule allowing health insurance claims for hospitalizations as short as two hours, a change that could significantly impact health insurance policies.
IRDAI Mandates Strict Deadlines for Insurance Claim Resolution in India
India's IRDAI has stipulated that insurance companies must resolve claims within 30 days, with specific timelines for health and life policies, to enhance policyholder rights.
IRDAI Sets April 1 Deadline for Insurers to Adopt Indian Accounting Standards
The IRDAI has mandated that insurers must adopt Indian Accounting Standards by April 1, indicating a significant regulatory change in the Indian insurance sector.
BFSI Leadership Churn: IRDAI, Tata Sons, and CEO Appointments
The BFSI (Banking, Financial Services, and Insurance) sector is experiencing a significant leadership churn, with new appointments at IRDAI, succession discussions at Tata Sons, and fresh CEO roles being filled.
Patanjali Enters Insurance Sector with IRDAI Approval
Patanjali, known for its ayurveda and consumer goods, has received approval from IRDAI to enter the insurance sector with a Rs 4,500 crore investment. This move marks a significant expansion for the company into financial services.
Insurance regulator IRDAI likely to tighten commission norms
New IRDAI Rules Aim to Streamline Health Insurance Claim Payouts
The IRDAI has introduced stricter transparency requirements for health insurance claims, mandating insurers to provide clear reasons and specific policy clauses for any claim rejections.
IRDAI Proposes Public Insurance Registry in India
India's insurance regulator, IRDAI, is considering the establishment of a public insurance registry, a move aimed at enhancing transparency and accessibility within the sector.
IRDAI Defers TPA Listing, Plans Uniform Intermediary Framework
The IRDAI has postponed its proposal for listing Third Party Administrators (TPAs) and is instead planning to introduce a uniform framework for intermediaries.
IRDAI Unveils Reforms to Boost India's Insurance Sector and Policyholder Protection
India's IRDAI has introduced new reforms aimed at strengthening the insurance sector and enhancing protection for policyholders.
IRDAI Establishes Body to Combat Dark Patterns in Insurance
India's insurance regulator, IRDAI, has created a statutory body specifically to curb the use of 'dark patterns' in the insurance sector, aiming to protect consumers.
IRDAI Seeks Standard Definition of 'Claim' from Indian Insurance Industry
India's Insurance Regulatory and Development Authority (IRDAI) is requesting a standard definition of 'claim' from the insurance industry, which is deemed necessary for determining claims ratios and underwriting profits.
IRDAI Approves Kiwi General Insurance and Allianz Jio Reinsurance, Deliberates New Regulatory Framework
The IRDAI has granted approval to Kiwi General Insurance and Allianz Jio Reinsurance, while also discussing a new regulatory framework for the insurance sector.