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Insurance And Regulatory And Development Authority Of India

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IRDAI removes age limits on health insurance, huge relief for seniors

The Insurance Regulatory and Development Authority of India has removed the age cap on buying health insurance policies, effective from April 1, 2024. Image used for representational purpose only.......

India-US joint statement puts trade at heart of enhanced ties

India and the US on Thursday said they are looking forward to the reconvening of the India-US Trade Policy Forum later this year to further enhance trade relationship and identify new areas for......

Fire, engineering insurance premiums likely to move up by 60% in 2025

In 2025, Indian firms may face higher premiums for fire and engineering insurance covers as reinsurers are likely to revise rates due to rising claims from catastrophic events and higher loss......

Insurance Broker Fined Rs 1 Crore

According to IRDAI, Marsh India had held the premium received from the clients in an Insurance Bank Account for more than 15 days and did not remit the premium to the insurer/reinsurer within the......

Mis-selling of life insurance policies at alarming level: Irdai

The alarming level of life insurance policy misselling has caught the attention of policymakers amid efforts by the insurance regulator to boost insurance penetration, a top official from the......

Insurance amendment bill may be introduced in Budget session

The government is likely to introduce a bill seeking amendments to the Insurance Act, 1938, during the upcoming Budget session to achieve 'Insurance for All by 2047'. Illustration: Dominic......

Don't sell Ulips as investment products: Irdai to insurance companies

The Insurance Regulatory and Development Authority of India (IRDAI) has asked life insurance companies not to advertise unit-linked plans as investment products in a recent circular. Illustration:......

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