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insurance regulatory and development authority of india

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The cover for death and permanent total disablement will be mandatory, but insurers can offer optional covers along with the base plan, which will provide coverage for temporary total disablement and education grant for dependent children.(HT Archive)

Rs 1 crore cap in draft norms on standard accident insurance policies: Irdai

By Abhinav Kaul | Livemint, New Delhi
UPDATED ON DEC 10, 2020 04:56 AM IST
Irdai proposed a payout equal to 100% of the sum insured in case of death or permanent total disablement because of the accident.
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Policies can be life-savers for COVID-19 patients, especially those who do not have an existing health cover and are looking for the necessary protection.(iStock)
Policies can be life-savers for COVID-19 patients, especially those who do not have an existing health cover and are looking for the necessary protection.(iStock)

Safeguarding your physical and financial well-being with COVID health insurance

By Promotional Feature, HT Brand Studio
UPDATED ON JUL 21, 2020 03:43 PM IST
The pandemic has fuelled awareness about health insurance policies with people sharing their nightmarish experiences of the difficulties in getting timely medical attention and skyrocketing medical bills. Sound policies can go a long way in ensuring accessibility of good medical care facilities and maintaining one’s financial health.
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Life insurers have historically been the biggest contributor among domestic institutional investments to the stock markets.(Getty Images/iStockphoto)
Life insurers have historically been the biggest contributor among domestic institutional investments to the stock markets.(Getty Images/iStockphoto)

Covid-19 poses threat to insurer premiums, stocks

By Anirudh Laskar | Mint, Mumbai
UPDATED ON JUL 12, 2020 11:36 PM IST
Life insurance premium collections from new businesses dropped to just Rs 49,335.43 crore in the June quarter from Rs 64,565.5 crore in the March quarter, and Rs 69,000 crore in the December quarter, according to the Insurance Regulatory and Development Authority of India, or Irdai.
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Medical staff in Personal Protective Equipment (PPE) kit at LNJP hospital in New Delhi on Saturday.(AMAL KS/HT PHOTO.)
Medical staff in Personal Protective Equipment (PPE) kit at LNJP hospital in New Delhi on Saturday.(AMAL KS/HT PHOTO.)

Health insurers to decide coronavirus treatment claims within 2 hours of receipt

By HT Correspondent | Hindustan Times, New Delhi
UPDATED ON APR 19, 2020 05:38 PM IST
The move is meant to ensure that health insurance claims of all coronavirus patients are dealt with swiftly.
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In a circular issued, the insurance regulator said issuance of bundled own-damage policies for cars and two wheelers will no longer be compulsory.(AFP/Representative Image)
In a circular issued, the insurance regulator said issuance of bundled own-damage policies for cars and two wheelers will no longer be compulsory.(AFP/Representative Image)

Now buy stand-alone own damage motor insurance cover from September

By Revati Krishna | Hindustan Times, Mumbai
PUBLISHED ON JUN 25, 2019 10:05 AM IST
The insurance regulator has made it possible for you to buy your own damage cover and third party cover from different insurers.
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The RBI will issue the guidelines for setting up a regulatory sandbox in the next two months.(REUTERS)
The RBI will issue the guidelines for setting up a regulatory sandbox in the next two months.(REUTERS)

Money Basics: RBI to set up regulatory sandbox

By HT Correspondent | Mumbai
PUBLISHED ON APR 02, 2019 10:58 AM IST
The regulatory sandbox will aid in innovation and new product development which can then be of use for consumers as well.
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People move past a flooded road in Thrissur, Kerala, Friday, Aug. 17, 2018.(AP)
People move past a flooded road in Thrissur, Kerala, Friday, Aug. 17, 2018.(AP)

Insurance companies asked to expedite settlement of claims in flood-hit Kerala

By Press Trust of India | New Delhi
UPDATED ON AUG 17, 2018 11:41 PM IST
The Insurance Regulatory and Development Authority of India has issued guidelines in the regard for both life and non-line insurance claims and asked them to report the progress.
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