Your third-party motor insurance cover has turned more costly for the current financial year after insurance regulator
Irda raised the premium rates by 20% for private cars and by 10% for two-wheelers.
The first, and perhaps the most important, thing
Irda has done is clearly define 46 common terms and 11 critical illness procedures.
Irda approval will activate Indiais first third-party liability insurance cover for ships, a business dominated by European insurers.
The
IRDA released a list of banned agents of several corporate agencies whose licenses are due for renewal on or before March 31.
"More than the actual flow of funds, the passage of the
IRDA Bill will create an overall atmosphere of confidence in the economy," Sinha said.
'From 2006 to March 2018, the top five countries with the highest cumulative committed investments in Iskandar Malaysia were China, Singapore, the US, Japan and the European Union,' said
IRDA Chief Executive, Datuk Ismail Ibrahim.
IRDA has laid out a specific code of conduct for MISPs and the most significant among them is that MISPs will have to offer a choice of motor insurance policies from different insurers to customers and inform the prospect of the premium rates of different insurers.
The Insurance Regulatory and Development Authority (
Irda) has imposed a penalty of Rs 1.77 crore on Reliance Life for violating regulatory norms.
IRDA has reportedly convinced investors that the equity-linked products are safe, while seeking greater clarity from authorities on jurisdiction of the two watchdogs.
India's insurance regulator,
Irda, has backed telematics as a means to reward good drivers.
Summary: The Insurance Regulatory and Development Authority (
Irda) has accused
UNLIKE mobile number portability ( MNP) where the subscriber loses nothing upon switching the operator, the Insurance Regulatory and Development Authority's (
IRDA) move to usher porting into the health insurance sector from July 1 would not carry a similar benefit.