Search For "irdai"
Cashless claims within an hour and discharge from hospital in 3 hours says
Updated : 1 year, 9 months ago IST
The Insurance Regulatory and Development Authority of India (IRDAI) has directed the insurance companies to settle the cashless claims within one hour of hospital admission and the claim settlement with three hours of hospital discharge.
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IRDAI introduces new corporate governance regulations for insurers
Updated : 1 year, 9 months ago IST
The Insurance Regulatory and Development Authority of India (IRDAI) has come out with a master circular to provide various operational and procedural aspects, to be adopted by all insurers.
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IRDAI allows Mahindra Finance to offer tailored insurance plans to its cus
Updated : 1 year, 9 months ago IST
Mahindra Financial Services has received a corporate agency license from IRDAI (Insurance Regulatory and Development Authority of India) to offer specialized insurance plans, the company informed the exchange in a filing on Wednesday.
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Indian insurance ecosystem shows limited appetite for pure risk policy: JM
Updated : 1 year, 10 months ago IST
Despite several initiatives by Insurance Regulator and Insurance companies, pure risk policy is not picking up in India. A recent report by JM Financial suggests that the conversation about death is off-putting for large segments of societies.
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IRDAI removes age limits on health insurance purchase
Updated : 1 year, 10 months ago IST
Earlier, individuals were restricted to purchasing new insurance policies only until the age of 65. However, after the recent changes that have come into effect from April 01, 2024, anyone, regardless of age, is eligible to purchase a new health insurance.
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SBI Life launches IdeationX; one-of-its-kind innovative platform to encour
Updated : 1 year, 11 months ago IST
Mumbai (Maharashtra) [India], April 15: SBI Life Insurance, one of the most trusted private life insurance companies in the country, launched the 1st edition of 'IdeationX', a pioneering initiative that promises to revolutionize the future of the insurance industry. The innovative platform a
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Tata AIA Life Insurance chooses SAS for IFRS 17
Updated : 1 year, 11 months ago IST
Mumbai (Maharashtra) [India], April 3: Tata AIA Life Insurance Company - one of India's fastest-growing life insurance companies has chosen SAS, a leader in AI and analytics, to help the insurance company in its adoption of the Indian equivalent of IFRS 17 reporting standards. The Insurance
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Industry leaders applaud the approval of Bima Sugam by IRDAI
Updated : 1 year, 11 months ago IST
With support from industry leaders like Prashant Tripathy, Co-Chair of the FICCI Insurance Committee and MD & CEO of Max Life Insurance Company Limited and Ritesh Kumar, Co-Chair, FICCI Insurance Committee and MD & CEO, HDFC ERGO General Insurance, 'Bima Sugam' promises to revolution
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Cover360.in: Empowering Your Insurance Journey with Confidence and Clarity
Updated : 1 year, 12 months ago IST
New Delhi [India], March 18: In today's world, finding a reliable platform that offers comprehensive solutions tailored to your needs can be daunting. Enter Cover360.in, an esteemed online portal dedicated to providing and servicing a wide array of retail insurance products, including health
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Max Life achieves 99.51 per cent Claims Paid Ratio in FY23; Surpasses 99 p
Updated : 2 years ago IST
New Delhi [India], February 29: Max Life Insurance Company Ltd. ('Max Life' / 'Company') has achieved its highest-ever individual Claims Paid Ratio of 99.51 per cent in the financial year 2022-23, as per the Insurance Regulatory and Development Authority of India's (IRDAI) Handbook on Indian
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Subramanian Swamy moves Delhi HC against Axis Bank, Metlife for allegedly
Updated : 2 years ago IST
Former Rajya Sabha MP Subramanian Swamy on Thursday moved the Delhi High Court seeking direction to form a Committee consisting of experts to investigate alleged fraudulent acts of M/s Max Life Insurance Co. Ltd and M/s Max Financial Services Ltd in allowing their shareholder/Axis Bank Ltd
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India is the fastest growing insurance market in the world!
Updated : 2 years, 1 month ago IST
New Delhi [India], February 2: India's insurance market has undergone numerous changes and has become one of the fastest-growing markets today. It comprises two primary segments - Life and General Insurance. Life insurance includes whole life insurance, Term Insurance, Unit Linked Insurance
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