IRDA issues norms for safekeeping of electronic data

Last Updated: Friday, May 29, 2015, 22:34

Insurance regulator IRDA on Friday asked insurers to preserve all policies in electronic format and issued norms for maintaining and safe keeping of all e-records.

Insurance regulator's proposal pose brand equity challenge for banks

Last Updated: Thursday, April 30, 2015, 13:22

The Indian insurance regulator`s proposal to make banks sell policies of at least two insurers of each category - life, general and health - has thrown up an unexpected brand equity challenge for the banks, insurance experts say.

IRDAI wants insurers to stick to grievance redressal norms

Last Updated: Sunday, April 26, 2015, 14:10

IRDAI feels that this is giving rise to "aggravated customer dissatisfaction and escalation of complaints to higher authorities".

Passing IRDAI prescribed exam must to become insurance agent

Last Updated: Thursday, April 2, 2015, 17:43

Insurance sector regulator IRDAI has made passing an examination based on its syllabus a must for becoming an insurance agent.

Insurance regulator mulls no fee for change in nomination

Last Updated: Sunday, January 25, 2015, 11:13

Observing policyholders' right to effect changes in nomination, sectoral regulator IRDA is proposing to do away with the practice of charging fee for such alterations by life insurance companies.

Adopt reasonable font size in policy forms: IRDA to insurers

Last Updated: Tuesday, December 10, 2013, 22:33

Insurance regulator IRDA Tuesday asked all insurers to adopt a reasonable font size so that the policy holders are not at discomfort while reading forms.

Irda allows banks to act as insurance brokers

Last Updated: Friday, August 9, 2013, 22:09

Insurance regulator Irda has allowed banks to act as brokers and sell products of more than one insurer so as to increase the penetration of the sector across the country.

Irda asks Bajaj Allianz to adhere to claim settlement norms

Last Updated: Tuesday, January 8, 2013, 16:54

Taking serious note of violation of claims servicing regulations by Bajaj Allianz General Insurance, insurance regulator Irda has asked it to 'scrupulously adhere' to the norms.

Residence proof norms for micro-insurance products eased

Last Updated: Sunday, December 30, 2012, 12:28

Insurance regulator IRDA has decided to relax the requirement of written confirmation from banks as a proof of residence for micro-insurance policy seekers from remote areas.

Policy holders need safeguards in new life insurance norms: Experts

Last Updated: Thursday, October 4, 2012, 12:12

The insurance regulator has to put in various safeguards for the policy holder while changing rules to comply with the government's recent decisions on life insurance, industry experts say.

IRDA proposes greater investment freedom to insurers

Last Updated: Monday, August 6, 2012, 22:15

Insurance regulator IRDA Monday came out with three draft guidelines with a view to giving greater freedom to life and non-life insurance companies to participate in money market operations.

FM asks IRDA to check 'suicidal competition' among insurers

Last Updated: Wednesday, April 4, 2012, 18:13

The government on Wednesday asked insurance regulator IRDA to take steps to contain the tendency of "suicidal competition" among insurance companies, which are undercutting one another by offering policies at low premium to grab a bigger market share.