IRDAI removes age limits on health insurance, huge relief for seniors

The Insurance Regulatory and Development Authority of India has removed the age cap on buying health insurance policies, effective from April 1, 2024. Image used for representational purpose only.......

Air India crash creates rare insurance dilemma: Nominees also among dead

The devastating Air India 171 plane crash, which claimed 241 lives on board and 29 on the ground, has created an unforeseen challenge for insurance companies to settle some claims where even the......

New Insurance Amendment Bill: Intermediaries with high commissions may see payouts drop

Insurance intermediaries who receive disproportionately high commissions are likely to see a decline in their payouts, post the new Insurance Amendment Bill. Illustration: Dominic Xavier/Rediff......

Insurance industry flags concerns over proposed Insurance Amendment Bill

The insurance industry is trying to get to grips with provisions in the proposed Insurance Amendment Bill, which gives additional powers to the Insurance Regulatory and Development Authority of......

Irdai proposes internal ombudsman to address claims up to Rs 50 lakh

The Insurance Regulatory & Development Authority of India (Irdai) on Wednesday proposed setting up an internal insurance ombudsman for insurance companies -- except reinsurers-- with over three......

New market code may constrain Sebi funding

As the government moves to revamp India’s securities legislation, unifying three different laws into the Securities Markets Code (SMC), regulatory experts and ma­rket insiders have raised......