India

irdai-asks-for-claims-related-to-cyclone-biparjoy-to-be-settled-quickly

IRDAI calls for speedy settlement of Cyclone Biparjoy claims

June 17 2023

Insurers urged to help financial burden of those affected by expected widespread damage.

india-to-require-all-insurance-policy-holders-to-create-health-id-number

India to require all insurance policyholders to have associated health ID number

June 15 2023

All policy buyers and holders will need an ABHA ID number which the regulator says will improve transparency, increase trust, and reduce fraud.

IRDAI: Some insurance entities are failing to adhere to cyber incident guidelines

June 14 2023

The Indian regulator issued a circular to make it clear that all insurance entities need to abide by its cyber incident protocol.

Report: Zurich looks to strengthen presence in South Asia with US$400m investment on India's Kotak General Insurance

June 14 2023

Advanced discussions are underway for Zurich to acquire up to 51% ownership, though Uday Kotak prefers to maintain control.

indias-online-insurer-policyboss-gets-series-b-funding-boost-1

India's PolicyBoss gets Series B funding lift

June 8 2023

The funds are going to be used to improve the digital insurer's technology infrastructure and strengthen its last-mile presence.

lic-announces-expedited-claims-settlement-to-victims-of-tragic-balasore-train-accident

IRDAI asks insurers to carry out 'suo motu' claim settlement for policies related to the Odisha train collision

June 6 2023

The Indian regulator has asked insurers to minimise paperwork and use official lists of passengers to expedite claims payments.

Future Generali launches DIY health cover in India

June 5 2023

The health cover plan is aimed at younger customers by allowing them to hand-pick coverage features.

LIC announces expedited claims settlements for victims of tragic Odisha train accident

June 4 2023

On Friday, India experienced its most severe train accident of the century. Three trains derailed, causing the death of at least 288 people and injuring over 1100 more.

irdai-orders-transfer-of-sahara-india-life-insurances-assets-and-liabilities-to-sbi-life

IRDAI orders transfer of Sahara India Life's 200,000 policies to SBI Life

June 3 2023

This is the second time the Indian regulator has issued a business transfer order for SILIC. The first in 2017 was set aside by the Securities Appellate Tribunal.

Aegon Life launches India's first insurance product for surrogate mothers and egg donors

June 2 2023

Digital insurer Aegon Life has launched India’s first insurance solution for surrogate mothers and egg donors. The policy offers a three-year life cover for surrogate mothers and a one-year cover...

IRDAI: Availability, Accessibility and Affordability key to Insurance for All 2047 strategy

May 27 2023

Chairman Debasish Panda outlined the Indian regulator's efforts to remove red tape and relax regulations in order to reach the 2047 objective.

IRDAI to host monthly Open House for insurtechs to encourage innovation

May 25 2023

The meetings will take place at The Insurance Regulatory and Development Authority of India head office on the 15th of every month.

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