Category Archives: IRDA

IRDAI Health Insurance Regulations 2016

By | July 21, 2016

THE GAZETTE OF INDIA : EXTRAORDINARY [PART III—SEC. 4] INSURANCE REGULATORY AND DEVELOPMENT AUTHORITY OF INDIA NOTIFICATION Hyderabad, the 12th July, 2016 Insurance Regulatory and Development Authority of India (Health Insurance) Regulations, 2016 F. No. IRDAI/Reg/17/129/2016.—In exercise of the powers conferred under Section 114A of the Insurance Act, 1938 and Section 14 read with Section… Read More »

IRDAI conditions for reinsurance cessions to “Indian Reinsurer”

By | July 19, 2016

THE GAZETTE OF INDIA : EXTRAORDINARY [PART III—SEC. 4] INSURANCE REGULATORY AND DEVELOPMENT AUTHORITY OF INDIA NOTIFICATION Hyderabad, the 13th July, 2016 F. No IRDAI/RI/18/130/2016.—In exercise of the powers conferred by Sub-section (2) of the Section 101A of the Insurance Act 1938, the Authority, after consultation with the Advisory Committee constituted under section 101B of… Read More »

Advance Discharge Voucher not executed :Life Insurer shall not withhold payment

By | July 15, 2016

Source : Insurance Regulatory and Development Authority of India Date:13-07-2016 Life Insurers discharge contractual obligations when making policy payments be it maturity or death claims or surrender value etc. Contracts of life insurance are not indemnity contracts but fixed benefit type and the claim amount is usually not in dispute. It is a standard practice… Read More »

e-Insurance Policies norms issued by IRDAI

By | June 23, 2016

THE GAZETTE OF INDIA : EXTRAORDINARY [PART III—SEC. 4] INSURANCE REGULATORY AND DEVELOPMENT AUTHORITY OF INDIA NOTIFICATION Hyderabad, the 13th June, 2016 Insurance Regulatory and Development Authority of India (Issuance of e-Insurance Policies) Regulations, 2016 F .No. IRDAI/Reg/16/128/2016 – In exercise of the powers conferred by section 14 (2) read with clause (gb) of sub… Read More »

IRDA removed maximum credit hours per day for training of Insurance Sales Person

By | June 19, 2016

Removal of cap on maximum credit hours per day pertaining to training requirements for Principal Officer and Insurance Sales Person(s) of Insurance Marketing Firms. The Authority recognized Insurance Institute of India (III), Mumbai as the training institute for providing on-line training to Principal Officers (PO) and Insurance Sales Persons (ISP) of Insurance Marketing Firms (IMFs).… Read More »

Draft guidelines for listed Indian Insurance Cos.

By | June 19, 2016

The Authority, in exercise of the powers conferred by Section 14 of Insurance Regulatory and Development Authority of India Act, 1999, read with clause (b) of sub-section (4) of Section 6A of the Insurance Act, 1938, proposed to issue Guidelines for Listed Indian Insurance Companies. A summary of these guidelines is as under 1.        These… Read More »

IRDA extension to insurers for implementation of Corporate Governance guidelines

By | June 10, 2016

Insurance Regulatory and Development  Authority of India Ref. : IRDA/FM/GDL/CG /100/05/2016 Date:6th June, 2016 Guidelines for Corporate Governance for insurers in India Addendum The Authority has Issued a revised set of Guidelines on Corporate Governance for insurers in India on l8th May, 2016. The guidelines inter-alia incorporate the stipulations regarding the qualifications and other eligibility… Read More »