Insurance Regulatory and Development Authority of India News and Updates
ED attaches ₹140 crore worth of assets in the Earth Infrastructure case
In a major money laundering case linked to the Delhi-NCR real estate sector, the Enforcement Directorate has provisionally attached immovable properties worth around ₹140 crore belonging to ...
Malaysian insurers face margin pressure from prolonged haze
Malaysia's insurance sector is facing fresh cost pressures as transboundary haze affects several major cities, adding to the burden on companies already grappling with rising medical premiums. The ...
AM Best affirms General Insurance Corporation of India ratings with stable outlook
India's state-backed reinsurer keeps its existing AM Best ratings as the agency points to very strong capitalization and a stable outlook. The affirmation also reflects adequate operating ...
India insurance sector faces commission cap reversal as foreign investor plans slow
India's push to open its insurance market further is running into fresh regulatory uncertainty as proposed commission caps threaten to reshape distribution economics. The planned changes come ...
IRDAI extends deadline for submitting feedback on the public insurance registry
Advancing the process of developing a regulatory framework for a public insurance registry in India's insurance sector, IRDAI has extended the deadline for submitting feedback until 15 October. ...
State Bank of India anchors Reliance Industries debt sale in India
Strong demand for top-rated long-dated corporate paper is supporting a pickup in domestic borrowing by Indian issuers as investors position for potentially tighter monetary policy. In that market ...
IRDAI releases consultation paper on insurance distribution reforms
In a move to make India’s insurance distribution framework more consumer-centric, IRDAI has released a consultation paper on distribution reforms. The proposed changes focus on customization, ...
India insurance sector faces commission cap overhaul after foreign ownership reform
India is moving ahead with a new round of insurance reform as the regulator proposes limits on what insurers can pay banks, brokers and agents to sell policies. The plan could eventually lower ...
India insurers and distributors face share slide on commission curbs proposal
Indian financial stocks tied to insurance distribution come under pressure after the sector regulator proposes restrictions on commissions and payouts. The plan threatens fee income for ...
IRDAI launches consultation process on insurance distribution reforms
IRDAI has issued a consultation paper aimed at making the distribution system in India's insurance sector more effective and transparent. As part of this process, the regulator has invited ...
IRDAI expands insurance technical cooperation for developing countries
India’s insurance regulator, IRDAI, is launching a technical cooperation initiative to strengthen insurance markets in developing and least developed countries. The move focuses on enhancing ...
IRDAI issues public warnings on insurance fraud and unregistered entities
India's insurance regulator has listed several public notices related to consumer protection and financial literacy at once. These include cautions about allegedly unauthorized websites ...
IRDAI streamlines the implementation of Ind AS in the insurance sector
A new regulatory initiative has emerged to make the financial reporting framework in India’s insurance sector more transparent. The move focuses on more accurate presentation of financial ...
IRDAI issues compliance corrective order for ICICI Lombard
Amidst the emphasis on consumer protection and operational standards in India’s insurance regulatory framework, ICICI Lombard General Insurance Co Ltd has received corrective directives. The ...
IRDAI advances the initiative to establish a Public Insurance Registry
With the aim of increasing the reach and transparency of insurance services in India, an initiative is underway to establish a Public Insurance Registry. The purpose of this system is to provide ...
Costco expands into Medicare Advantage with SCAN partnership
Costco is broadening its healthcare push with plans to launch a Costco-branded Medicare Advantage product for older Americans. The offering is expected to begin in two states, while a separate ...
IRDAI appoints insurance distribution expert to its board
This appointment at India's insurance regulator comes at a time when there is a strong focus on strengthening consumer services and distribution frameworks. The inclusion of Ms. Girija Subramanian ...
The Enforcement Directorate seized assets worth Rs 3.67 crore in Jabalpur for FEMA violations
The Enforcement Directorate has seized an immovable property in Jabalpur, Madhya Pradesh, over alleged violations of foreign exchange management regulations. The action involves property valued at ...
LIC registered as a standalone health insurance company, expected to boost health insurance competition
A new institutional entry has been recorded at the regulatory level in India’s health insurance market, as LIC has been registered as a standalone health insurance company. This move is ...
