Department of Financial Services has released the draft insurance amendment bill that proposes to permit a composite licence for insurers...

The private-sector lender became a co-promoter of Max Life in April 2022 after it completed the purchase of a 12.99 per cent stake in the insurer...

New India Assurance, the market leader among general insurers, saw a 2.41 per cent year-on-year increase in its premium...

Over 2.25 lakh death claims due to Covid were settled by insurance companies up to March 2022, says Insurance Regulatory and Development Authority of India...

IRDAI at stakeholder meeting had discussed multiple issues with insurance companies that include steps being taken by companies to put in place emergency teams...

Reinsurers are prohibited from seeking registration of any other class of insurance business...

In contrast, indemnity policies which work on a reimbursement or cashless basis were to be sold by general and standalone health insurance companies...

IRDAI is exploring integration of ombudsman services, which has already introduced online grievance submission during Covid pandemic...

Life insurer had posted a net profit of Rs 1,433.71 crore in corresponding quarter previous year...