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IRDAI mulls linking insurance frauds with individuals' credit score

The Insurance Regulatory and Development Authority of India (IRDAI) is considering a proposal to make insurance frauds a parameter for calculating credit scores in an attempt to put a lid on the......

GIC Re part of Rs 500-crore insurance pool to cover imports from Russia

Overcoming its initial concerns, national reinsurer GIC Re has contributed to the formation of an insurance pool to cover most imports from Russia. Photograph: Aly Song/Reuters While it will be......

Life insurers can now launch new products without Irdai nod

Irdai on Friday extended the 'use and file' procedure for the most of the life insurance products, thereby allowing insurers to launch new products without prior approval of the regulator.......

Centre hikes premium for flagship insurance schemes as claims rise

The Centre has increased the premium rates for its flagship insurance schemes, Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) and Pradhan Mantri Suraksha Bima Yojana (PMSBY), for the first time......

Insurance: Rs 100 cr entry cap for new players may be removed

The insurance regulator wants the removal of the minimum entry capital requirement of Rs 100 crore for setting up an insurance business in a bid to facilitate the entry of multiple players such as......

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