IRDAI

6 Must-Know Health Insurance Claim Rule Changes: Read Here

26 Jun 2024

India's health insurance landscape has recently undergone significant transformations, with the Insurance Regulatory and Development Authority of India (IRDAI) introducing several new rules to streamline and enhance health insurance claims. According to an Economic Times report, these updates aim to improve the policyholder experience and expedite the claims process. One...

Government’s New Anti-Fraud Weapon 160 Prefix Unveiled

17 Jun 2024

Online fraud are rising. The government has a new plan to fight this problem. They introduced a special number series: 160. This number will help people identify safe calls from banks and other financial services. How It Works As per a Telecom Regulatory Authority of India (TRAI) release, all calls...

IRDAI Sets 3-Hour Time Limit For Cashless Claims Approval In Health Insurance

30 May 2024

The Insurance Regulatory and Development Authority of India (IRDAI) has introduced significant changes to the regulatory norms governing health insurance policies. Issuing a comprehensive Master Circular on Health Insurance Products, the IRDAI has repealed 55 previous circulars. Under the new guidelines, the IRDAI mandates that insurers must grant final authorization...

New Corporate Governance Regulations Introduced By IRDAI For Insurers

23 May 2024

The Insurance Regulatory and Development Authority of India (IRDAI) has released a comprehensive master circular outlining operational and procedural requirements for all insurers. Notably, insurers are now required to obtain prior approval for appointing their Board Chairperson, with existing Chairpersons given until March 31, 2026, to comply. Titled "Master Circular...

People above 65 too can buy Health Insurance: IRDAI

21 Apr 2024

Started from 1st April 2024, the Insurance and Development Authority of India (IRDAI), had recently announced that people above the age of 65 can now buy the insurance. In the old rule, people till 65 years of age were allowed to purchase new insurance policies. However, with new rule, the...