Browsing: IRDAI

New business premiums for life insurance companies in February experienced a year-on-year decrease of 12%, marking a continued decline following new surrender value guidelines implemented in October 2024.

Understanding the evolving landscape of insurance underwriting in India is now more critical than ever, with stricter rules and increasing complexities.

A look at the key reforms and challenges faced by Debasish Panda during his three-year term as chairman of the Insurance Regulatory and Development Authority of India (Irdai).

Insurers request extension from Irdai for Bima-ASBA implementation, citing the need for more time to adopt the new payment system.

Changes in accounting norms by the insurance regulator have led to reduced commissions for agents, impacting the sale of multi-year health insurance policies.

The Insurance Regulatory and Development Authority of India (IRDAI) has issued a warning to insurance companies regarding rising commission payouts, which are contributing to increased premiums for customers. The regulator has urged insurers to take corrective action.

The Insurance Regulatory and Development Authority of India (IRDAI) has cautioned insurance companies regarding elevated commission payouts, which are contributing to higher premiums for consumers. The regulator has mandated corrective action to curb these commissions, or face potential limitations.

The Insurance Regulatory and Development Authority of India (IRDAI) has approved the use of equity derivatives by insurers, providing new tools to manage market fluctuations and potentially protect policyholder returns.

Insurance companies in India raise concerns over the lack of rate adjustments for third-party vehicle insurance, citing rising costs and potential shifts in business focus.

General insurers in India are struggling with rising costs due to a prolonged freeze on third-party vehicle insurance rates, potentially impacting their business focus.