The Irdai requires insurance companies to maintain a minimum solvency ratio of 1.5. This means that the required solvency margin (RSM) is 150%. Srinivasan further added that the introduction of a ...

Many experienced 20 to 30 percent rises every several years, making it impossible to maintain insurance. The IRDAI's decision seeks to provide stability and affordability, avoiding unexpected hikes ...

The Insurance Regulatory and Development Authority of India (IRDAI) has constituted a seven-member committee to examine potential amendments to the Insurance Act, 1938. The committee, chaired by ...

It has come after the Insurance Regulatory and Development Authority of India’s (IRDAI) has launched the new initiative to bring operational ease, enhance policyholder convenience, ensure greater ...

The Insurance Regulatory and Development Authority of India (Irdai) has introduced a new payment facility, Bima-ASBA, designed to streamline insurance premium transactions. Through this facility, ...

The Insurance Regulatory and Development Authority of India (Irdai) has formed a high-powered committee, led by Dinesh Khara, former chairman of State Bank of India, to scrutinise various aspects of ...

Irdai has formed a committee led by former SBI chairman Dinesh Khara to implement proposed amendments to the Insurance Act, including 100% FDI and other changes. New Delhi, Feb 20 (PTI) The Insurance ...

The Insurance Regulatory and Development Authority of India (IRDAI) has introduced a new payment mechanism for policyholders known as Bima-ASBA (Applications Supported by Blocked Amount). It helps ...

MUMBAI: Insurance Regulatory and Development Authority (Irdai) has set up a high-powered committee led by former SBI chairman Dinesh Khara to review key aspects of Insurance Act, 1938. The ...

Image: Twitter The Insurance Regulatory and Development Authority of India (Irdai) has set up a seven-member committee, led by former State Bank of India chairman Dinesh Khara, to review reforms ...

According to IRDAI norms, premium is required to be paid only after the insurer communicates the decision of acceptance of the proposal to customer. Unified Payments Interface One Time Mandate feature ...