Tag: IRDAI

IRDAI Imposed Rs 10 Lakh Fine on Bajaj Allianz General Insurance
Insurance, InFocus

IRDAI Imposed Rs 10 Lakh Fine on Bajaj Allianz General Insurance

SMEStreet Edit Desk- April 18, 2021

The Insurance Regulatory and Development Authority of India (IRDAI) in its order has said Bajaj Allianz General had solicited 2,214 motor insurance policies between November ... Read More

IRDAI Notifies Guidelines on Trade Credit Insurance Products for MSMEs
Insurance, Banking & Finance

IRDAI Notifies Guidelines on Trade Credit Insurance Products for MSMEs

SMEStreet Edit Desk- April 13, 2021

The guidelines will also facilitate general insurance companies to offer trade credit insurance covers to suppliers as well as licensed banks and other financial institutions ... Read More

IRDAI Instructs Insurers on Fraudulent Calls
Sectors, News

IRDAI Instructs Insurers on Fraudulent Calls

SMEStreet Edit Desk- March 25, 2021

The IRDAI said the Telecom Regulatory Authority of India (TRAI) has notified a regulatory framework in July 2018 for unsolicited calls and messages. Read More

Competition Commission Approves Bharti AXA’s Acquisition by ICICI Lombard
Insurance, News

Competition Commission Approves Bharti AXA’s Acquisition by ICICI Lombard

SMEStreet Edit Desk- November 2, 2020

The entire general insurance business of Bharti AXA would be transferred by way of a demerger to ICICI Lombard in consideration of issuance of shares ... Read More

IRDAI Established Group to Study Index-Linked Life Policies
Insurance, InFocus

IRDAI Established Group to Study Index-Linked Life Policies

SMEStreet Edit Desk- September 2, 2020

The group will examine the need for index-linked products in India with reference to availability of various indexes and how it will better serve the ... Read More

IRDAI Encourages Electronic Submission of Claim Papers
InFocus, Insurance

IRDAI Encourages Electronic Submission of Claim Papers

SMEStreet Desk- June 9, 2020

“It is interesting to see IRDAI asking insurers to accept soft copies of documents and encourage policy-holders to adopt electronic communication due to Covid-19 pandemic,” ... Read More

IRDAI Instructed All Banks Not to Grant Corporate Loans Without LEI Code
Banking & Finance, Finance

IRDAI Instructed All Banks Not to Grant Corporate Loans Without LEI Code

SMEStreet Desk- June 7, 2020

In a circular, IRDAI has asked insurers and others regulated by it to get the Legal Entity Identifier (LEI) code on or before July 31, ... Read More