Search For "irda"
Freo Launches a First-of-Its-Kind Initiative to Help Indians Understand He
Updated : 10 months, 1 week ago IST
Bangalore (Karnataka) [India], May 21: After simplifying credit for over 35 million users, Freo is now taking on a new challenge: making health insurance easy to understand for every Indian. Freo recently acquired its corporate agency license from IRDAI, and has now launched a full-fledge
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Why You Should Take the IRDA Exam to Start Your Insurance Career
Updated : 11 months, 1 week ago IST
Mumbai (Maharashtra) [India], April 23: If you wish to pursue your career in the insurance industry, you might be familiar with the IRDA exam. The IRDA exam is your gateway to becoming a licensed insurance agent in India. It is not just an examination; it is the start of a journey towards wh
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Over 1.3 crore persons insured through GeM in FY 2024-25
Updated : 11 months, 2 weeks ago IST
Government e-Marketplace (GeM), India's largest e-marketplace for public procurement, has facilitated insurance for more than 1.3 crore individuals covering Health, Life and Personal Accident Insurance policies, the Ministry of Commerce & Industry said on Wednesday.
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India's insurance market poised to reach $222 bn by 2026, growing at 17% C
Updated : 1 year, 1 month ago IST
India's insurance sector has witnessed significant growth and development over the past few years with the domestic insurance market grown at a CAGR of 17 per cent over the last 2 decades and is expected to reach a size of USD 222 billion by 2026, according to Teamlease Regtech report.
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Amplio Launches 'Amplio Assured' Offering Insurance-Backed Invoice Discoun
Updated : 1 year, 1 month ago IST
Mumbai (Maharashtra) [India], February 12: Amplio, a pioneering leader in wealth management solutions, has announced the launch of Amplio Assured, an insurance-backed investment product designed to enhance the security of supply chain financing transactions. Developed in collaboration with U
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Budget 2025: SBI urges higher healthcare spending, uniform GST on medical
Updated : 1 year, 2 months ago IST
As the Union Government gears up for Budget 2025, a report by State Bank of India stated that the government should give significant focus to revitalizing the insurance and healthcare sectors in the country.
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FIU-IND and IRDAI sign MoU for enhanced coordination and information excha
Updated : 1 year, 2 months ago IST
The Financial Intelligence Unit-India (FIU-IND) and the Insurance Regulatory and Development Authority of India (IRDAI) on Monday signed a Memorandum of Understanding (MoU), the Ministry of Finance stated in a press release.
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Delhi HC refuses Intervention in PIL for centralized financial asset porta
Updated : 1 year, 2 months ago IST
A plea was moved in the Delhi High Court sought directions for a platform where individuals could view a comprehensive list of all their financial assets--active, inactive, dormant, or inoperative--held across entities regulated by relevant authorities.
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Department of Energy- Abu Dhabi wins Visionary Leadership Award as IDRA Wo
Updated : 1 year, 3 months ago IST
The Department of Energy - Abu Dhabi (DoE) has been awarded the prestigious Visionary Leadership for the Most Progressive Disruptive Policy in Water Reuse Award at the IDRA World Congress 2024 Gala Awards Dinner.
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Govt proposes to raise FDI limit in insurance sector to 100%, seeks public
Updated : 1 year, 3 months ago IST
The central government has floated a few proposals for the insurance sector, including raising the FDI limit in Indian insurance companies from 74 per cent to 100 per cent, and enabling an insurer to carry on one or more classes of insurance business and activities.
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India can save USD 10 bln annually by expanding insurance penetration: McK
Updated : 1 year, 4 months ago IST
India could potentially save about USD 10 billion annually by expanding insurance penetration to those people and assets that are still uninsured, according to a report by global consultancy management firm McKinsey.
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Despite continued growth, high surrender value rule will negatively impact
Updated : 1 year, 5 months ago IST
The IRDAI is set to implement new rules from October 2024, mandating higher surrender pay-outs for policyholders who exit their policies early. This change is expected to negatively impact insurers' margins in the second half of FY25, as per the report.
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