Insurance

Good news: No wet signature required to sell life policies till March 31

IRDAI has extended the scope of digital signature across all life insurance policies till March 31.

by Team Cafemutual Nov 17, 2020

IRDAI allows insurers to conduct online exams for agents

The online exams for agents has been introduced on a pilot basis for a month.

by Nishant Patnaik Nov 17, 2020

IRDAI to introduce standard cyber insurance policy for all businesses

The insurance regulator has set up a panel to examine possibility of developing a standard coverage, exclusions and so on in standard cyber insurance policy.

by Team Cafemutual Nov 10, 2020

LIC, GIC and New India Assurance too big to fail: IRDAI

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

by Team Cafemutual Nov 8, 2020

Sachin Bansal’s Navi General gets regulatory approval

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

by Bhakti Makwana Nov 4, 2020

Agents may no longer use recognitions like MDRT to promote their business

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

by Nishant Patnaik Nov 4, 2020

Life insurers to offer standard term policy ‘Saral Jeevan Bima’ from 2021

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

by Team Cafemutual Oct 27, 2020

IRDAI urges general public to deal only with authorized agents and insurers

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.

by Team Cafemutual Oct 21, 2020

Health policies to include OPD treatment: IRDAI

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.

by Team Cafemutual Oct 19, 2020

Soon health policies will have color-coding to indicate complexity

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.

by Bhakti Makwana Oct 19, 2020