Regulatory

Regulation of Commission Rate to Insurance Sales Agents

The Insurance Regulatory and Development Authority (IRDA) has notified Insurance Regulatory and Development Authority (Linked Insurance Products) Regulations, 2013 wherein, Regulation (9) prescribes levels of commission under the linked insurance products. Similarly Commission norms in respect of non linked products have been prescribed in Regulation (21) of Insurance Regulatory and Development Authority (Non-Linked Insurance Products) Regulations, 2013. As… Read More

Tags: Development AuthorityIndiaIndo-Asian News ServiceInsuranceInsurance Regulatory and Development AuthorityIRDARegulationRegulatory

Regulatory initiatives on Insurance Coverage to Citizens

Insurance Regulatory and Development Authority has put in place regulatory initiatives, as part of its development role, for penetration of insurance amongst all sections of the society, including, rural, and social sector. Towards this purpose, the Authority has notified IRDA (Obligations of Insurers to Rural and Social Sectors) Regulations 2002, in accordance to which all… Read More

Tags: Infrared Data AssociationInsuranceInsurance Regulatory and Development AuthorityIRDALok SabhaRashtriya Swasthya Bima YojanaRegulationRegulatory

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 serviceshealthinsuranceInsuranceInsurance Regulatory and Development AuthorityIRDARegulationRegulatory

Insurance Regulatory and Development Authority frames two new regulations

The Insurance Regulatory and Development Authority (IRDA) has informed that two regulations have been framed, namely, (i) Insurance Regulatory and Development Authority (Linked Insurance Products) Regulations 2013 dated 18.02.2013 and (ii) Insurance Regulatory and Development Authority (Non- Linked Insurance Products) Regulations 2013 dated 18.02.2013 to make life insurance products user friendly. The provisions of the… Read More

Tags: Insurance Regulatory and Development AuthorityInsurance Regulatory and Development Authority (Linked Insurance Products) Regulations 2013Insurance Regulatory and Development Authority (Non- Linked Insurance Products) Regulations 2013IRDALife insuranceRegulationRegulatoryUnitised insurance fund

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