Page 9 - Latest Updates on IRDAI
Third-party motor insurance premium hike delay worries insurers
Next six months will be tough for the industry in terms of loss ratios
 "Third-party motor insurance premium hike delay worries insurers")
Irdai invites applications for innovative ideas under regulatory sandbox
Irdai said it has created a regulatory sandbox with the objective of using new and innovative ideas with a view to accelerate the growth of the sector
 "Irdai invites applications for innovative ideas under regulatory sandbox")
Sales of Corona Kavach health insurance policies on rise: Max Bupa
"The initial response for Corona Kavach plan has been encouraging and we are selling between 200-300 policies every day," Ramachandran said
 "Sales of Corona Kavach health insurance policies on rise: Max Bupa")
RBI frames plan for financial education among school students, communities
The 'National Strategy for Financial Education 2020-2025' suggests a multi-stakeholder-led approach for creating a financially aware and empowered India
 "RBI frames plan for financial education among school students, communities")
We're hoping growth in insurance will pick up by Q2-end: Irdai Chairman
In an email Q&A, Subhash Chandra Khuntia speaks about the positive response to Corona Kavach policy, standardisation of covid treatment rates and need for a retrenchment cover
 "We're hoping growth in insurance will pick up by Q2-end: Irdai Chairman")
Health has become biggest business in general insurance: Irdai member
The pandemic has promoted people to buy health covers, as the uncertainty around the virus and its effects are rising with the number of infections going up daily
 "Health has become biggest business in general insurance: Irdai member")
Insurers can take action against hospitals denying cashless service: Irdai
An insurance company can take action against a hospital for demanding advance from a policy holder who is supposed to get cashless service
 "Insurers can take action against hospitals denying cashless service: Irdai")
IRDAI allows life insurers to get consent of policyholders electronically
This facility, to be allowed on an experimental basis with immediate effect till December 31, 2020, will remain limited to pure risk products
 "IRDAI allows life insurers to get consent of policyholders electronically")
IRDAI allows life insurers to issue policies electronically due to Covid-19
The regulator further said there will be a mandatory 30-day free look period for all such electronic policy documents
 "IRDAI allows life insurers to issue policies electronically due to Covid-19")
Who is the real boss of India's financial markets?
For financial sector companies setting up shop in India, as of now the go-to regulators are obviously the Sebi and the Reserve Bank of India
What you need to know about Arogya Sanjeevani health insurance policy
Launched by Irdai, the plan's main objective is to make insurance more accessible, affordable and less confusing for policy buyers
Irdai allows insurers to offer Arogya Sanjeevani as group insurance policy
Arogya Sanjeevani Policy, whether in individual or group form, will also cover treatment of Covid-19 disease
 "Irdai allows insurers to offer Arogya Sanjeevani as group insurance policy")
Market Ahead, July 24: All you need to know before the opening bell
Today, a total of 71 companies including ITC, Asian Paints, and Ambuja Cements are scheduled to announce their quarterly results
 "Market Ahead, July 24: All you need to know before the opening bell")
Irdai asks Axis Bank, Max Financial to make changes in deal structure
Irdai has asked them to factor in some alternate mechanisms subject to regulatory approvals.
 "Irdai asks Axis Bank, Max Financial to make changes in deal structure")
IRDAI approval must for sale, pledge of over 5% equity in insurance company
IRDAI said any transfer of shares beyond the stipulated threshold limits without the prior approval of the authority will attract appropriate regulatory and legal action
 "IRDAI approval must for sale, pledge of over 5% equity in insurance company")
IRDAI allows insurers to sell Corona Kavach policy as group product
Each insurer can price the product according to its risk assessment, health portfolio and its claim experience.
 "IRDAI allows insurers to sell Corona Kavach policy as group product")
Corona Kavach getting good response: Details about the insurance policy
Amid the surge in Covid-19 cases in the country, Corona Kavach has evoked good response within days of its launch by almost all insurers
 "Corona Kavach getting good response: Details about the insurance policy")
Corona Kavach health insurance policy evokes good response: Insurers
Corona Kavach, which was launched on July 10 and is being offered by both general and health insurers, is a standard health insurance policy created to meet the treatment requirements for coronavirus
It's time for a retrenchment cover
All companies should be encouraged to have an insurance policy that improves the quality of conversation between the management and the employee during layoffs
Irdai asks insurers to recognise make-shift hospitals for Covid claims
Also, if a regular hospital has set up a temporary facility for patients, it will be regarded as an extension of the hospital and cashless facility will be made available
 "Irdai asks insurers to recognise make-shift hospitals for Covid claims")
