IRDAI issues circular to digitize maintenance of records in electronic form for all Insurers w.e.f. 23.05.2021 as per the Minimum Information Required for Investigation and Inspection Regulations, 2020 by Lexplosion Solution | Dec 14, 2020 | Central, INSUR, InsuranceThe Insurance Regulatory and Development Authority ( “IRDAI”) has issued a circular on 8th... Read More
IRDAI issues guidelines on Insurance claims of victims of cyclone Nivar in the calamity affected areas by Lexplosion Solution | Dec 8, 2020 | Central, INSUR, InsuranceThe cyclone Nivar which occurred in November 2020 has caused tremendous loss to property in some... Read More
IRDAI directs insurers to transfer unclaimed amounts to Senior Citizens’ Welfare Fund on or before 1st March 2021; insurers to follow the procedure as was detailed in the Notification dated 21st December 2017 by Lexplosion Solution | Nov 25, 2020 | Central, INSUR, InsuranceThe Insurance Regulatory and Development Authority of India (“IRDAI”) in a Master Circular dated... Read More
IRDAI rolls out Manner of Determination of Compensation to Shareholders on Merger of an Insurer under a Scheme Prepared under Section 37A Regulations, 2020; comments invited by 20.11.2020 by Lexplosion Solution | Nov 11, 2020 | Central, INSUR, InsuranceThe Insurance Regulatory and Development Authority of India (“IRDAI”), in a Circular dated 5th... Read More
Guidelines issued for quick and timely settlement of Life Insurance Claims for victims of heavy rainfall and floods in Andhra Pradesh, Karnataka, Telangana and Maharashtra; applicable to Life Insurers by Lexplosion | Nov 10, 2020 | Central, INSUR, InsuranceThe Insurance Regulatory and Development Authority of India (“IRDAI”) has issued guidelines for... Read More
IRDAI issues additional guidelines to provide seamless coverage and benefits to the account holders of banks having health insurance schemes.; effective immediately by Lexplosion Solution | Oct 13, 2020 | Central, INSUR, InsuranceIn the light of Notification dated 22nd July 2020, the Insurance Regulatory and Development... Read More
