All life insurance companies are required to issue a standard individual term life insurance policy called ‘Saral Jeevan Bima’ as of January 1, 2021. On Wednesday, IRDAI has shared guidelines with all life insurance companies on the standard individual term life insurance product. “There are many term products on the …
Read More »Insurance regulator wants a pandemic risk pool for low-income informal sectors
Written by George Mathew | Mumbai | Updated: September 18, 2020 7:05:23 am According to a committee report, the group would supply around 4 million MSMEs workers and generate a capacity of Rs 75 billion initially, including the provision of a government backing. Amit the Covid outbreak, the Insurance Regulatory …
Read More »Refrain from paying dividends for fiscal year 2016: Irdai urges insurers
[ad_1] HYDERABAD: With companies facing disruption in the wake of the Covid-19 crash, the Insurance Development and Regulation Authority of India (Irdai) has advised insurers to manage financial resources wisely to ensure they have adequate capital and take a “conscious call” in dividend payment for fiscal year 2019-20. “In view …
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