Insurance

IRDAI has found that a few companies are not offering covid specific policies.

These three companies made unclosed payments, found IRDAI.

IRDAI has initiated the process to find a successor to the Chairman Subhash Chandra Khuntia.

Both SBI Life and HDFC Life record profit in FY 2021 while ICICI Pru Life sees decline in its profitability last financial year.

IRDAI has asked insurance companies to convey their decision on covid related cashless claims within 60 minutes from the time of receipt of such requests.

SBI General will bear the cost of covid vaccines for insurance agents and their famiies.

The total gross premium underwritten by non-life insurance companies reached almost Rs.2 lakh crore in FY21.

Investors can lodge complaints against such hospitals through their health insurance companies.

IRDAI said that differential rates should be no allowed to cover similar risks.

Life insurance companies have recorded 8% growth in its new business premium in FY 2020-21.

While Bajaj Allianz sold motor insurance policies through an automobile dealer without appointing it as an intermediary, Liberty General compensated an automobile dealer with an additional payout which was over and above commission.

As of now, insurers were only allowed to invest in Cat I and Cat II AIFs.

IRDAI has tightened advertisement norms for insurance companies, intermediaries and individual agents.

SBI General, Future Generali India and Royal Sundaram fined for violating motor insurance norms.

IRDAI has introduced a host of standard insurance policies with uniform features. Let’s look at them.