Favourable seasonality and tax-rule changes pertaining to high-ticket, non-unit-linked savings products from April 1 would have ensured robust sales for Indian insurers in the March […]
Tag: IRDAI
Insurers seek sops to cover specially abled
General insurance companies will seek tax exemptions or direct subsidy to provide full coverage to specially abled people through new product offerings, said industry executives. […]
Regulator Irdai looking at 20 more insurance applications, says Chairman Debasish Panda
Insurance regulator Irdai has given licence to a General insurer for the first time since 2017, close on the heels of allowing two more applicants […]
Commission caps gone, insurers to face more competition
The recent move to abolish the commission cap by the insurance regulator has intensified competition among insurers, particularly unlisted players keen to wrest market share. […]
Irdai to insurers: Cut costs, pass on gains to customers
India’s insurance regulator has asked insurers to slash expenses and pass on those savings to their customers, potentially helping lower policy costs in one of […]
LIC, GIC Re, New India remain Domestic Systemically Important Insurers, says Irdai
Regulator Irdai on Friday said Life Insurance Corporation of India, General Insurance Corporation of India, and New India Assurance Co continue to remain as Domestic […]
Insurers plan digital payments platform for reinsurance business
Insurers are looking to set up a digital payments platform (exchange) for effective management of their reinsurance business, which will facilitate reinsurance premiums, commissions, claims, […]
IRDAI’s new rules for commission payouts may lead to better pricing
The insurance regulator has introduced new regulations on commission payments to intermediaries and expenses of management for general and health insurance companies. While the Payment […]
More insurance players, wider range of products key to achieve insurance for all goal by 2047:Irdai’s Debasish Panda
India needs more number of insurance players, much wider range of products and also more distribution partners to achieve the insurance for all goal by […]
IRDAI in talks with govt for relaxation of Rs 100-crore entry capital for insurers: Debasish Panda
The Insurance Regulatory and Development Authority of India (IRDAI) has suggested the government to ease the minimum capital requirement of Rs 100 crore and permit […]