Inclusion of Ayurveda/Homoeopathy in Mediclaim Insurance
Insurance Regulatory and Development Authority (IRDA) has informed that the insurance coverage to AYUSH treatments has been facilitated through the Regulation 5 (1) of the IRDA (Health Insurance) Regulations, 2013 which are published in the official gazette and came into force with effect from 18.02.2013. As per this regulation the insurers may provide coverage to… Read More
Tags: Financial services, healthinsurance, Insurance, Insurance Regulatory and Development Authority, IRDA, Regulation, Regulatory
IRDA prescribes Ceiling of 15% for payment of Insurance Agents’ Commission
The Insurance Regulatory and Development Authority (IRDA) prescribes ceiling of 15% for payment of agents™ commission. The exact rate of commission payable in a particular policy is to be decided by the insurer, which shall not exceed the ceiling prescribed by the IRDA. The Public Sector Undertaking insurers, in order to encourage younger population to… Read More
Tags: Agents and Marketers, Business, Financial services, healthinsurance, Insurance, Insurance Regulatory and Development Authority, IRDA, United States
IRDA clarification on Process of providing Clearance to Insurance Products
The clearance to Insurance Products takes a lot of time in the country. Policyholders™ protection is the prime concern of the Insurance Regulatory and Development Authority (IRDA) and it does exercise a thorough diligence while approving products accordingly. IRDA has informed that the scrutiny process involves detailed examination of whether: ¢ Product is suitable to… Read More
Tags: healthinsurance, India, Insurance, Insurance Regulatory, Insurance Regulatory and Development Authority, IRDA, Product design, Unitised insurance fund
Health Insurance Scheme: Over 3.41 Crore Cards Issued
As informed by the Insurance Regulatory and Development Authority (IRDA), a study conducted by the National Council of Applied Economic Research, on behalf of IRDA, and based on the survey of 30,200 respondents spread over 29 States and Union Territories, indicate that with regard to health insurance, the level of awareness is quite low since… Read More
Tags: Financial services, healthinsurance, Insurance, Insurance Regulatory, Insurance Regulatory and Development Authority, IRDA, Regulation
Subscribe to the Daily Journal
India’s Leading Compliance Software
Corporate Law Referencer
