Irdai

Insurance regulator IRDAI on Wednesday allowed general insurers to choose network providers or hospitals that meet their standards, thus easing norms for expanding cashless facilities in the country. The Insurance Regulatory and…

NEW DELHI: Your car insurance premium could soon be decided by how much and how well you drive. The Insurance Regulatory and Development Authority of India (Irdai) has permitted insurers to launch pay-as-you-drive motor insurance…

Mumbai: Insurance companies will soon offer vehicle owners analytics-based insurance that include ‘pay as you drive’ policies and covers where the premium varies according to driving behaviour. Companies have also been allowed to issue…

Mumbai: The finance ministry has asked government departments not to disqualify three public sector insurance companies from covering state-owned entities for failing to meet minimum capital norms. The three companies — National…

Mumbai: India is witnessing early signs of a sustainable economic revival with high growth in non-oil and non-gold imports, reflecting a pick-up in domestic demand, chairman Deepak Parekh told shareholders at Insurance Co’s annual…

Non-life insurance companies registered a year-on-year rise of 24 per cent in their collective gross direct premium in May this year at Rs 15,404.45 crore, data from regulator Irdai showed on Friday. Non-life insurance players had…

Regulator Irdai on Tuesday reduced the solvency margin requirement for general insurers providing crop insurance, a decision expected to unlock Rs 1,400 crore of funds for them to undertake more business. The decision, Insurance…