Insurers to Reveal Insurance Claims and Corporate Governance: IRDAI Circular Introduction The Insurance Regulatory and Development Authority of India (IRDAI) has released a master circular on corporate governance for insurers, bringing forth a series of disclosure requirements for insurance companies. This circular aims to enhance transparency and accountability in the insurance sector. Let’s explore the key provisions and their implications in more detail. Disclosure Requirements for Insurance Companies The circular mandates insurers to disclose the […]

Understanding the IRDAI Cyber Security for insurance brokers In an era where digital transformation is rapid, the insurance sector stands at a crucial juncture, balancing innovation with security. Recognizing this dynamic, the Insurance Regulatory and Development Authority of India (IRDAI) introduced the comprehensive Cyber Security Guidelines in 2023, aimed at bolstering the digital infrastructure and resilience of insurance entities. This blog dissects the key facets of these guidelines, outlining their principles, objectives, and the actionable […]

IRDAI Omits Age Restriction on Health Insurance for 65-Year-Olds in India: All You Need to Know   The Insurance Regulatory and Development Authority of India (IRDAI) has made significant changes to health insurance regulations, removing the age limitation for individuals looking to purchase health insurance. This new rule allows those aged 65 and above to avail of new health insurance plans. In addition, the IRDAI has introduced guidelines to promote enhanced access to health insurance […]

New IRDAI Rules: Ensuring Better Protection for Health Insurance Policyholders Introduction Recent developments from the Insurance Regulatory and Development Authority of India (IRDAI) have brought about significant changes to the rules governing health insurance policies. These changes aim to provide  better protection and benefits for policyholders. This article will delve into the key takeaways from these changes and how they positively impact individuals seeking health insurance coverage. Reduction in Waiting and Moratorium Periods: Easing the […]

Embracing the Future of Health Insurance Regulation A Swift Arrival for the Healthcare Sector’s Guardian In the bustling corridors of power in New Delhi, anticipation stirs for a groundbreaking evolution in health insurance oversight. The envisaged health insurance watchdog is racing towards reality, poised to be one of the inaugural measures welcomed by the forthcoming administration. Spearheaded by the Union finance ministry, this early push for strategic dialogues has mobilized a cross-section of stakeholders—inclusive of […]