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Insurance regulator IRDAI News

06 Oct 2020

IRDAI cautions against unauthorised companies selling health plans

In a public notice, the regulator said that only the IRDAI-registered insurance companies or their authorised agents and intermediaries can sell insurance products "Individuals who avail such services from unauthorised persons or entities shall be doing so at their own risk," it said The list of insurance companies recognised by IRDAI is available on its website

21 Jul 2020

Irdai allows healthinsurers to offer 'Corona Kavach' as group insurance policy

As per insurance companies, the individual short-term Corona Kavach health indemnity policy has evoked good response after its launch on July 10 The standard group policy is expected to be useful to various private and public establishments for covering the COVID-19 related medical needs of their employees All terms and conditions of the standard policy will be the same as that for the Corona Kavach policy for individuals which has already been launched by health insurance firms

05 Mar 2020

IRDAI asks insurance companies to settle claims of coronavirus patients

Insurance regulatory authority IRDAI has issued guidelines following the outbreak of coronavirus, asking insurance firms to expeditiously settle hospitalisation claims related to the disease under health policies.

Securities Appellate Tribunal (SAT)

31 Jul 2017

In landmark case, SAT stays IRDAI's order against Sahara Life

In a statement, Sahara India Life said SAT, condemning the order of Insurance Regulatory and Development Authority of India (IRDAI), also raised serious objection against the order.

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