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There shall not be any restriction on entry based on age in health insurance covers,â€ said the Insurance Regulatory and Development Authority of India (IRDAI). (Image: IRDAI Official Website)

What Should You Do If Cashless Hospitalisation Is Suspended?

Ironically, these developments come at a time when the Insurance Regulatory and Development Authority of India (IRDAI)...

15 Sept 2025 12:27 AM IST

Policybazaar.com, Indias largest insurance website and comparison portal, is planning to foray into the healthcare technology and services space.

OPD Add-On Covers Getting Popular

The study found an exponential uptake in OPD adoption and usage with the covers rising from 5 per cent in FY23 to 22 per...

9 Sept 2025 11:54 PM IST

AHPI Defers Plan To Drag Insurers To CCI, IRDAI

AHPI Defers Plan To Drag Insurers To CCI, IRDAI

“We will propose that the pricing of medical treatment has to be decided by an independent body namely the Institute of...

26 Aug 2025 11:18 PM IST

High Distributor Commissions Attract IRDAI’s Ire

High Distributor Commissions Attract IRDAI’s Ire

Regulator warns insurers over soaring agent commissions in health and motor insurance, urging them to pass savings to...

4 March 2025 9:21 PM IST

Life Insurers Terminated Nearly 7 Lakh Agents in FY24

Life Insurers Terminated Nearly 7 Lakh Agents in FY24

Despite high commissions, thousands of agents failed to meet minimum requirements, leading to widespread exits in...

2 March 2025 9:03 PM IST

IRDAI Sets Up Panel to Review Insurance Act Amendments

IRDAI Sets Up Panel to Review Insurance Act Amendments

The various amendments proposed include raising foreign direct investment (FDI) in the insurance sector to 100 per cent,...

19 Feb 2025 8:06 PM IST

The Insurance Surveyors and Loss Assessors Regulations 2019 has proposed to increase the limits of self-assessment of damage up to Rs 75,000 in case of motor accidents claims from the current limit of Rs 50,000.

Standoff between hospitals & insurers result in lower cashless...

Cashless claims settled up 58% in FY24 from 56%in FY23

29 Jan 2025 5:36 PM IST

Non-Life Insurance Claims Ratio Drops to 82.52 Percent

Non-Life Insurance Claims Ratio Drops to 82.52 Percent

New Delhi: Net incurred claims to net earned premium, known as claims ratio of non-life insurance industry stood at...

24 Dec 2024 12:23 AM IST

Bima Sugam Platform May Curb Mis-Selling Says IRDAI Chief

Bima Sugam Platform May Curb Mis-Selling Says IRDAI Chief

Mumbai: A day after Finance Minister Nirmala Sitharaman flagged mis-selling of insurance products by banks, the...

19 Nov 2024 9:58 PM IST

Untangling mental health policy knots

Hyderabad Chronicle

Untangling mental health policy knots

IRDAI has made mental health coverage mandatory in insurance policies, but patients complain there are loopholes in some...

5 Jun 2024 12:00 AM IST

The Insurance Regulatory and Development Authority of India (IRDAI) and the General Insurance Council would be formally announcing the nationwide common cashless hospital network in a press conference on January 24. (Representational Image: Flickr)

Now you can take cashless treatment in 40,000 hospitals across country

Mumbai: Health insurance policyholders will now have access to cashless hospitalisation in around 40,000 hospitals...

9 Jan 2024 10:49 PM IST

The exposure draft, if implemented, will be draconian to the insurance industry for various reasons. Persistency levels will fall, and margins from non-participating products will fall impacting profitability. Policyholders would be incentivised to surrender their policies and buy another policy thereby impacting persistency of the business. (Representational Image Source: picpedia.org)

Panel to study impact of IRDAI's norms on higher surrender payout to...

Mumbai: Life Insurance companies have formed a committee to study the actuarial and financial impact of the insurance...

26 Dec 2023 9:57 PM IST