The supreme authority responsible for approving the insurance industry in India is the Insurance Regulatory and Development Authority of India, or IRDA. Following Pranab Mukherjee’s announcement of the Insurance Laws...
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The regulation of commission or remuneration or rewards payable to insurance agents and insurance intermediaries had been relegated to the Insurance Regulatory and Development Authority of India (IRDAI) after the...
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Uncertainty over life and the ever-increasing medical service cost has made us realise the importance of "insurance". Insurance brokers are people who curate insurance policies keeping in mind the needs...
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In India, the Insurance Regulatory and Development Authority is the body authorised to issue insurance broker licenses under the IRDA Act, 1999. As the insurance sector is booming, these regulations...
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On August 30 2021, IRDAI issues an Insurance Broker License for PhonePe. Last year, PhonePe had entered the insurance sector with an insurance corporate agent license, which allowed the company...
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Recently the Finance Ministry of India issued the Indian Insurance Companies (Foreign Investment) Amendment Rules, 2021, which amend detailed provisions of the Indian Insurance Companies (Foreign Investment) Rules, 2015 to...
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On August 11, the General Insurance Business (Nationalisation) Amendment Bill, 2021, was passed by the Parliament of India. This bill aims to push greater participation in public sector insurers. The...
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Micro Insurance is a form of insurance aimed to make essential insurance items more realistically priced. It breaks down insurance from its traditional form into something much lower – including...
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There may be certain conditions wherein an individual may come across few examples wherein they may find that they had taken overlapping insurance covers over a similar subject matter. So...
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The IRDAI or Insurance Regulatory and Development Authority of India have arranged a procedure for insurance companies to handle the complaints of customers. In case you have any questions or...
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