This was communicated to the insurers at Bima Manthan, a two-day event hosted by the insurance regulator where industry ...

The Insurance Regulatory and Development Authority of India (IRDAI) has introduced a new payment system, Insurance-ASBA ...

Bajaj Allianz Life has become the first insurer to go live with the BIMA-Application Supported by Blocked Amount facility ...

The Insurance Regulatory and Development Authority of India (IRDAI) has floated the Bima-ASBA facility to simplify insurance ...

Irdai has established a seven-member committee led by ex-SBI Chairman Dinesh Khara to review and suggest amendments to the ...

Under this new payment method, the insurer can send a one-time mandate to block a certain amount for their insurance policy.

The government’s major reforms proposals include composite licence, differential capital, reduction in solvency norms, ...

Irdai has formed a committee led by former SBI chairman Dinesh Khara to implement proposed amendments to the Insurance Act, ...

ASBA, a facility eliminating unauthorised deductions and enhancing transparency in premium payments. Policyholders can now block funds in their bank accounts, which are debited only upon policy ...

IRDAI fines UIB Insurance Brokers ₹1 crore for delayed premium and claim remittance, with 45-day payment deadline.

The Insurance Regulatory and Development Authority of India (Irdai) has asked at least 10 general and life insurance ...

The total amount that was pending with the Broker beyond the due date is Rs. 1,62,70,784/- (Rs. One Crore Sixty Two Lakh Seventy Thousand Seven Hundred and Eighty Four only). (For details, reference ...