Posts In: Insurance

IRDAI issues Guidelines on Insurance Claims of Victims of the floods occurred in the month of August 2019 in parts of the State of Kerala ; directs insurance companies to expedite disposal of legitimate claims

August 24, 2019 Insurance, Insurance, states 0

The Insurance Regulatory and Development Authority of India (“IRDAI”) has through a Circular dated 22nd August 2019 issued Guidelines on Insurance Claims of Victims of recent floods (August 2019)...

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IRDAI issues Guidelines on Insurance Claims of Victims of the floods occurred in the month of August 2019 in parts of the State of Gujarat ; directs insurance companies to expedite disposal of legitimate claims

August 24, 2019 Insurance, Insurance, states 0

The Insurance Regulatory and Development Authority of India (“IRDAI”) has through a Circular dated 22nd August 2019 issued Guidelines on Insurance Claims of Victims of recent floods (August 2019)...

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IRDAI prescribes specific directions for the preparation of Solvency Statement under the IRDA (Assets, Liabilities, and Solvency Margin of General Insurance Business) Regulations, 2016 from the first quarter of 2019-2020

May 23, 2019 Insurance, Insurance 0

The Insurance Regulatory and Development Authority of India (“Authority / IRDAI”) has observed in the Solvency Returns filed to them that, computations under Available Solvency...

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IRDAI amends the IRDAI (Appointed Actuary) Regulation 2017, effective 15th May, 2019

May 23, 2019 Insurance, Insurance, states 0

The Insurance Regulatory and Development Authority of India (“IRDAI”) has introduced an amendment to the IRDAI (Appointed Actuary) Regulations, 2017 (2017 Regulation). It gains immediate...

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Implementation of Electronic Transaction Administration and Settlement System for capturing of Co-insurance transactions, reconciliation and settlement of balances between member insurance companies

May 23, 2019 Insurance, Insurance, states 0

The General Insurance Council (“Council”) has been implementing Electronic Transaction Administration and Settlement System (“ETASS”) for capturing of Co-insurance transactions, reconciliation and settlement of balances between...

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IRDAI issues Guidelines to Life Insurers for speedy settlement of life insurance claims of victims of Cyclone Fani

May 10, 2019 Insurance, Insurance, states 0

The Insurance Regulatory and Development Authority of India “IRDAI” keeping in mind the devastation caused to property and lives by the cyclone Fani, has laid...

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IRDA directs all insurers to ensure clear communication of information to policy holders; mandates setting up of mechanism for transparency in claim settlement procedure by July 1, 2019

April 30, 2019 Insurance, Insurance, states 0

The Insurance Regulatory and Development Authority of India (“IRDA”) has, in a circular dated April 10, 2019, directed all insurers to ensure that there is...

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