Insurance

The market regulator has said that if these companies face distress or failure, the entire financial ecosystem will be dislocated.

Navi General Insurance (erstwhile DHFL General Insurance) gets regulatory approval.

IRDAI has proposed tightening of advertisement norms for insurance companies and intermediaries.

Insurers can offer a maximum sum assured of Rs.25 lakh with coverage up to the age of 70.

The insurance regulator has warned general public not to fall prey to unauthorized agents and companies offering deep discounts on medical treatment and diagnostic tests.

IRDAI Chairman Dr. Subash C Khutia has asked non-life insurance and standalone general insurance companies to include OPD treatment cover under all health insurance policies.

IRDAI has proposed to introduce color-coding - green, orange and red in health insurance policies to indicate level of complexity, with green being the easiest to understand.

IRDAI has left it to the discretion of insurance companies to renew Covid specific policies like Corona Kavach and Corona Rakshak.

The company witnesses healthy response from tier 2 and 3 cities.

Lachman Das Mittal is among 828 individuals with wealth of over Rs.1,000 crore: IIFL Wealth Hurun India Rich List 2020.

Agents and insurance intermediaries will have to just ask their clients to authenticate purchase of policies through OTP or simply by clicking confirmation link before buying a non-life policies like health and motor insurance policies.