New Delhi: In a consumer-friendly action, the Insurance Regulatory and Development Authority (Irda) has started monitoring claim settlements of both life and non-life insurance companies to detect ...

Insurance Regulatory and Development Authority (IRDA) on Wednesday directed all insurance companies to allow policyholders who are paying premium through the Electronic Clearing System (ECS) to ...

It’s high time IRDA, insurance companies created awareness of approved modes of payment: HC The court observes that a notification issued in this regard is kept in the dark, and many, including ...

Recognising the increasing utility of electronic payments, which also ensure safety and speed of such payments, the insurance regulator, Irda has decided to permit payments for all life insurance ...

In case of non-life insurance policies as in, if the assessment of the loss requires a surveyor, then he should be appointed within 72 hours of the receipt of intimation from the insured.

Thus, in short, normal death claims under a life insurance policy are required to be settled within 30 days, and claims where further investigation is required have to be settled in 90 + 30 = 120 ...

New Delhi: With an aim to control growing management expenses of life insurance companies, Insurance Regulatory and Development Authority, or Irda, has issued a circular on Friday that life ...

PAC blames UPA-II govt for taking 15 months to give clarification on a query raised by the insurance regulator ...

Irda has already given relief to vehicle owners announcing that third party vehicle premium for next financial year starting Wednesday will remain same as 2019-20.

Yielding to general insurers? demand, the segment regulator, Insurance Regulatory Development Authority, has agreed to reduce the solvency ratio threshold limit from 150% to 135% to enable them to ...