“Higher input costs associated with an increase in energy prices...
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IRDAI approves transmission of late Jhunjhunwala’s stake in Star Health
Star Health has received approval from Insurance Regulatory and...
IRDAI forms committee to review country’s current landscape of private health insurance
The committee will review the current landscape of private health...
Sebi wants independent directors to adopt ‘constructive approach’
Tuhin Kanta Pandey, chairman,Sebi In the comments that came weeks after the resignation of Atanu Chakraborty, an independent director and part-time chairman of HDFC Bank, Pandey said the role of such directors is far more than just compliance, and also encompasses...
New India ends FY26 with a global premium of around Rs 47,000 crore
Girija Subramanian, CMD, New India Assurance Recovering from a slow growth, Indian general insurance industry is expected to touch Rs 3.35 trillion of premium in FY 26 `New India Assurance is on track toward achieving Rs 50,000 crore premium milestone. Strong growth...
Jan Vishwas Bill rationalises compliance, decriminalises minor offences in health sector
“This marks a shift towards a more facilitative regulatory framework while retaining strict action for serious violations affecting public health and safety,” the ministry said in a statement. New Delhi:The Jan Vishwas (Amendment of Provisions) Bill, 2026, passed by...
LIC,New India and GIC Re remain as Domestic Systemically Important Insurers in FY26:IRDAI
D-Slls refer to insurers of such size, market importance, and domestic and global inter connectedness, whose distress or failure would cause a significant dislocation in the domestic financial system. D-SIIs are subjected to enhanced regulatory supervision...
Insurers have to submit compliance reports on checking “dark patters” in 15 days:IRDAI
Wherever non-compliance is found, an action plan with timelines for removing the dark patterns has to be submitted within one month, said the IRDAI. Dark patterns involve using design and choice architecture to deceive, coerce, or influence consumers into making...
IRDAI forms joint expert group under Rajay Sinha for developing Ind As norms
Rajay Kumar Sinha member, Finance & Investments Indian Accounting Standards (Ind AS) is getting implemented from Apr 1 Hyderabad:In a bid to manage the technicalities for implementing Indian re/insurers to impement Indian Accounting Standards (Ind AS), which is...
99.92% of Indian villages now have banking facilities within 5 kms radius
Pankaj Chaudhary, Minister of State in the Ministry of Finance Availability of banking outlets is monitored by a Geographic Information System (GIS) based Application, namely, the Jan Dhan Darshak (JDD) App The country has now 99.92% villages and 100% villages in the...
Indian re/insurers to impement Indian Accounting Standards (Ind AS) from April 1, can avail forbearance for 1-yr:IRDAI
To facilitate smooth transition, for insurers facing challenges in immediately shifting to Ind AS, a provision has been made to grant forbearance for one-year provided such a request will be be made on or before 30th April, 2026.. During the period of forbearance...
Pilots’ association urges DGCA to suspend flights in high-risk conflict zones in West Asia, mandate insurance coverage
In a letter to DGCA, Airline Pilots' Association of India (ALPA India) said commercial airlines do not possess the requisite intelligence, surveillance capabilities, or geopolitical risk assessment infrastructure necessary to adequately evaluate threats in active...
Dip-stick Survey:DFS Secy takes up unsatisfied closed complaints with banks and insurers
M Nagaraju, secretary, Department of Financial Services Till date eighteen such meetings have been conducted and 360 grievances have been reviewed. The objective of such an exercise is to assess the efficacy of grievance resolution through a 'dip-stick survey' at the...