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Irdai forms panels to look into violations by insurers

Irdai forms panels to look into violations by insurers

by AIP Online Bureau | Jul 15, 2025 | Indian News, Non-Life, Regulation, Reinsurance, Risk Management, Technology

“As part of enforcement function, to decide on the violations observed as regards the provisions of Insurance Act and Regulations issued there under, with respect to certain Insurers/Insurance Intermediaries, panels of Whole-Time Members were formed,”...
Irdai forms panels to look into violations by insurers

IRDAI board clears R1 for WestBridge Capital’s KIWI general insurance

by AIP Online Bureau | Jul 14, 2025 | Health, Indian News, Non-Life

The IRDAI is yet to announce range of its board decisions on Monday officially and clarify how it intends to sort out WestBridge’s plan to be a majority stakeholder in both, KIWI General Insurance and Star Health Insurance, where a few segments including Health...
Former IRDA member Rakesh Joshi made chairman of Bima Sugam India Federation

Former IRDA member Rakesh Joshi made chairman of Bima Sugam India Federation

by AIP Online Bureau | Jul 3, 2025 | Indian News, Life, Non-Life, Technology

Rakesh Joshi, chairman, Bima Sugam India Federation Joshi as a member of IRDA from March 2022 to December 2023, under the chairmanship of Debasish Panda  was very closely involved with the development and implementation of Bima Sugam  and Bima Vistaar...
IRDAI drops plans to tweak existing bancassurance rules for curbing mis-selling by insurers

IRDAI drops plans to tweak existing bancassurance rules for curbing mis-selling by insurers

by AIP Online Bureau | Jul 2, 2025 | Banking & Bancassurance, Eco/Invest/Demography, Indian News, Life

(L to R)-R Venkatachalam Iyer, MD & CEO Tata AIA, Amit Jhingran, MD & CEO SBI Life, Piyush Pandey, advertising professional, Swaminathan Iyer, member, Life, IRDAI, Kamlesh Rao, MD&CEO,ABSLI, RK Patnaik, MD, LIC, Rushabh Gandhi, MD&CEO India First at an...
Air India crash: IRDAI asks insurers not to demand FIR and post-mortem reports of victims for quick claims settlement

Air India crash: IRDAI asks insurers not to demand FIR and post-mortem reports of victims for quick claims settlement

by AIP Online Bureau | Jun 14, 2025 | Indian News, Life, Non-Life, Regulation

“Ensure that no claim is denied or delayed on account of procedural formalities in the case of confirmed deceased individuals from the passenger list and persons at the affected buildings of the crash area,” said the IRDAI Insurers have to submit a report...
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