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
IRDAI exempts insurers from requirement of issuing policy document and copy of the proposal in physical form in respect of motor, fire, package policies etc. till 31st March, 2021 by Lexplosion Solution | Sep 15, 2020 | Central, INSUR, InsuranceIn the wake of Covid-19 pandemic and based on representations received from insurers, the... Read More
IRDAI through a Corrigendum dated 28.08.2020 rectifies definition of Pre-Existing Disease under the Master Circular on Standardization of Health Insurance Products by Lexplosion Solution | Sep 1, 2020 | Central, INSUR, InsuranceThe Insurance Regulatory and Development Authority of India (“IRDAI”) has issued a Corrigendum... Read More
IRDAI permits Dividend Criteria for Equity Investment under “Approved Investment” by Lexplosion Solution | Aug 26, 2020 | Central, INSUR, InsuranceIn a recent circular dated 21st August, 2020, the IRDAI has permitted insurers to classify... Read More
