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Insurance Regulatory Development 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......

Religare: Sebi rejects open offer by US-based entity

Capital market regulator Sebi on Tuesday rejected the competing open offer made by the US-based entity Danny Gaekwad Developments & Investments for acquisition of Religare Enterprises Ltd (REL) as......

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......

How to get more bang for the buck out of field agents

Will allowing business correspondents to hawk insurance products help in reviving 5-lakh strong field agents as a viable channel?   Illustration: Dominic Xavier/Rediff.com In late......

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......

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