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IRDAI sets higher targets for insurers in revised norms on `Rural, Social Sector and Motor Third Party Obligations’

IRDAI sets higher targets for insurers in revised norms on `Rural, Social Sector and Motor Third Party Obligations’

by AIP Online Bureau | Feb 7, 2024 | Eco/Invest/Demography, Health, Indian News, Life, Non-Life, Regulation

Insurance business pertaining to Government social security schemes such as Pradhan Mantri Awas Yojana, Pradhan Mantri Suraksha Bima Yojana (PMSBY),Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJY), etc. where total/ partial premium is paid by the Government,...
IRDAI sets higher targets for insurers in revised norms on `Rural, Social Sector and Motor Third Party Obligations’

IRDAI asks insurers to put in place Climate Risk Management framework by Apr 1

by AIP Online Bureau | Feb 2, 2024 | Health, Indian News, Life, Non-Life, Regulation, Risk Management

As part of the Board’s internal governance practices, the Board has to consider and adopt appropriate steps and measures towards succession planning through a process of proper identification and nurturing of individuals for taking up directorship and KMP (Key...
Insurers need not seek its prior-approval for going public: IRDAI

Insurers need not seek its prior-approval for going public: IRDAI

by AIP Online Bureau | Feb 2, 2024 | Health, Indian News, Life, Non-Life, Policy, Regulation

The IRDAI will soon provide more clarity on capital structure of the applicants seeking new registration and provide more clarity on applicability of requirement of prior- approval for transfer of shares Hyderabad: Announcing  some key measures, Indian insurance...
IRDAI asks insurers to cover AYUSH treatment in health policies

IRDAI asks insurers to cover AYUSH treatment in health policies

by AIP Online Bureau | Feb 1, 2024 | Health, Indian News, Non-Life, Regulation

With a board-approved policy guidelines for AYUSH coverage and the IRDA has asked the general insurer to give policyholders an option to choose a treatment of their choice between Allopathic Treatment or AYUSH Treatment Hyderabad: In a bid to provide health insurance...

Banks and insurers to lose reprieve from EU’s toughest ESG rule

by AIP Online Bureau | Jan 31, 2024 | Eco/Invest/Demography, International News, Life, Non-Life, Policy, Regulation, Reinsurance

The European Parliament and the European Council are moving toward an agreement that banks, asset managers and insurers should be viewed in the same way as other companies when it comes to ensuring that their value chains aren’t subject to environmental or human...
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