Tag: IRDAI

Towards Operational Control

The joint venture model of Indian insurance was never a preferred business architecture for foreign players. The Foreign Direct Investment (FDI) cap evolved from...

Allianz Jio Reinsurance JV commences operations

Allianz Jio Re received final regulatory approval from the Insurance Regulatory and Development Authority of India (IRDAI) on 12 March  2026. Based in Mumbai, Allianz...

NCLAT rejects IRDAI stand on merger of Shriram insurance arms

This became a bone of contention when various Benches of the National Company Law Tribunal (NCLT) approved the proposals to merge Shriram GI Holdings...

Insurance: Focus on customer and their rights…

GST clarification-a relief for insurers The GST Council took a decision not to levy tax on insurance premium and reinsurance commission, retrospectively. Co-insurance is an...

Arbitration dilemma and an internal ombudsmen

In 2022, insurance disputes accounted for a significant 27 per cent of cases in consumer courts, revealing the pervasive challenges within the industry. Out...

Should the government Mandate insurance?

Can there be and is there compulsion for taking insurance?  Does it exist? If yes, how and in what ways does it operate? Should...

What is the right way to achieve it?

The Insurance Regulatory and Development Authority of India (IRDAI) has pledged to facilitate 'insurance for all by 2047', where every citizen has good life,...

Set time limit for settling claims

The growth of the general insurance industry suffers the absence of adequate insurance protection for many businesses. IRDAI can set up a mechanism to...

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