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Irdai moves towards changes to protect policyholder interest

IRDAI proposes extending the free look period for life and health insurance policies. Draft regulations aim to consolidate regulations, relax norms, introduce nomination provisions, and facilitate insurance transactions through a not-for-profit digital marketplace called Bima Sugam.

Bima sugamDevelopment authority of india protection policyholderDevelopment authority of indiaInternational financial services centre authorityInsurance regulatoryDevelopment authorityPolicyholder interestsAllied mattersElectronic marketplaceCompanies actFree look periodLife policies

Insurance e-marketplace: IRDAi issues draft rules for Bima Sugam

Insurance e-marketplace: IRDAi issues draft rules for Bima Sugam
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Bima sugamNetwork digital commerceDevelopment authority of indiaInsurance regulatoryDevelopment authorityOpen network digital commerceCompanies act

Why Bima Sugam could be the UPI moment for the insurance sector

It is expected to revolutionise the way insurance is purchased and serviced in India by bringing buyers, insurers, and intermediaries together on a single digital platform

Tarun chughBima sugamMayank guptaCompany chairpersonDevelopment authority of india irdaiRisk management committeeInsurance foundation of indiaInsurance regulatoryDevelopment authorityUnited payment interfaceCompanies actInsurance foundationBajaj allianz life insuranceInsurance for allDigital platform

Subramanian Swamy moves Delhi HC against Axis Bank, Max Life over nearly ₹5100 crore scam

BJP leader Subramanian Swamy sought direction to form a committee of experts to investigate alleged fraudulent acts of M/s Max Life Insurance Co. Ltd and M/s Max Financial Services Ltd in allowing their shareholder/Axis Bank Ltd and its group companies “to make undue profits/gains…”

Bima sugamRaj shekhar raoRajeev nayyarMukul rohatagiJustice manmohanNeeraj kishan kaulTanya aroraSatya sabarwalSubramanian swamyDelhi high court onAxis securities ltdMax life insurance coAxis bankMax financial services ltdAxis capital ltdCommittee of experts

Irdai proposes to set up online marketplace Bima Sugam

Irdai has invited comments on the draft Insurance Regulatory and Development Authority of India (Bima Sugam Insurance Electronic Marketplace) Regulations, 2024. The deadline for submitting comments is March 4. Stakeholders are encouraged to provide feedback on the proposed regulations for the online insurance market place.

Bima sugamDevelopment authority of india irdaiRegulator irdaiElectronic marketplaceInsurance regulatoryDevelopment authorityElectronic marketplaceOnline marketplace