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Insurance brokers should maintain high governance standards and business ethics: IRDAI member

Insurance brokers should maintain high governance standards and business ethics: IRDAI member

by AIP Online Bureau | Jul 26, 2025 | Eco/Invest/Demography, Health, Indian News, Intermediaries, Non-Life, Regulation, Reinsurance, Technology

Girija Subramaniam, CMD, New India Assurance Rakesh Jain, CEO, Reliance General Insurance,Satyajit Tripathy, member, Distribution, IRDAI , Naveen Chandra Jha, MD & CEO, SBI General Insurance, Abhilash Sridharan, Partner, McKinsey & Company at a panel...
IRDAI imposes a stiff penalty of Rs 3.39 crore on Star Health for violating cyber security laws

IRDAI imposes a stiff penalty of Rs 3.39 crore on Star Health for violating cyber security laws

by AIP Online Bureau | Jul 25, 2025 | Health, Indian News, Non-Life, Regulation, Risk Management, Technology

A significant data leak from Star Health Insurance was reported in Aug, 2024, affecting approximately 3.1 crore customer records. The data, including mobile numbers, PAN details, addresses, and medical information, was allegedly accessible through a website created by...
Former finance secy Ajay Seth appointed as new IRDAI chairman for 3 yrs

Former finance secy Ajay Seth appointed as new IRDAI chairman for 3 yrs

by AIP Online Bureau | Jul 24, 2025 | Health, Indian News, Life, Regulation

Ajay Seth, Chairman-designate, IRDAI Seth, a 1987-batch Indian Administrative Service(IAS) officer from the Karnataka cadre, retired in June end New Delhi: Finally, Ajay Seth, 60, former Finance Secretary, Ministry of Finance, has been appointed as the new chairman of...
IRDAI imposes a stiff penalty of Rs 3.39 crore on Star Health for violating cyber security laws

Irdai proposes internal ombudsman for insurers to address claims up to Rs 50 lakh

by AIP Online Bureau | Jul 23, 2025 | Indian News, Regulation

“Applicable to all insurers (except reinsurers) with more than three years of operations, the framework mandates the appointment of an internal insurance ombudsman to address complaints involving claims up to Rs 50 lakh,” it said. New Delhi: Irdai on...
IRDAI imposes a stiff penalty of Rs 3.39 crore on Star Health for violating cyber security laws

Insurance industry seeks clarity on Irdai’s initial approval of West Bridge’s KIWI General Insurance

by AIP Online Bureau | Jul 17, 2025 | Eco/Invest/Demography, Indian News, Non-Life, Regulation

Industry expert said that with WestBridge Capital’s controlling stakes in both, KIWI General Insurance and Start Health, there may be a potential for merger. If that doesn’t happen then the only option is that WestBridge dilutes its holding in Star Health...
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