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IRDAI implements strict rules to combat insurance fraud after data breaches

IRDAI implements strict rules to combat insurance fraud after data breaches

Sat, Oct 26, 2024

The Insurance Regulatory and Development Authority of India (IRDAI) has proposed stricter regulations for insurance companies following recent data breaches, notably involving Star Health Insurance. New guidelines require firms to adopt an anti-fraud policy, establish independent Fraud Monitoring Units (FMUs), enhance cybersecurity, and conduct regular awareness programs. These measures aim to combat identity theft and financial loss associated with cyber fraud, ensuring better protection for policyholders and the integrity of the insurance industry.

Insurance Companies Alert: Big meeting this week regarding amendment in insurance law

Insurance Companies Alert: Big meeting this week regarding amendment in insurance law

Thu, Sep 26, 2024

Big news for all insurance companies. Big meeting this week regarding amendment in the Insurance Law. Preparation to bring a bill to amend the law in the winter session. The amendment has been stuck for several months, now it has gained momentum. Know the complete details in this video.

IRDAI instructs insurance companies to upload policyholders' KYC information to CKYCRR's website

IRDAI instructs insurance companies to upload policyholders' KYC information to CKYCRR's website

Tue, Aug 20, 2024

After the Insurance Regulatory and Development Authority's instructions, mutual fund distributors and insurance agents will be able to use each other's CKYC data.

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What Will Be The New Rules For Insurance Companies? Watch This Video For Details

What Will Be The New Rules For Insurance Companies? Watch This Video For Details

Wed, Jul 06, 2022

IRDAI approves new insurance products. IRDAI issued circular, rules will be applicable with immediate effect. What are the new rules for insurance companies? Know full details from Anurag Shah.

IRDAI sets a target of 5 years for life insurance companies for greater penetration; proposes state-level committee

IRDAI sets a target of 5 years for life insurance companies for greater penetration; proposes state-level committee

Mon, Jul 04, 2022

IRDAI on Monday set a growth target for general and life insurance companies to make insurance products reach more people. A target of 5 years has been set for insurance companies. Zee Business Anurag Shah's report.

Good News For Farmers; Supply Of Fertilizers Will Increase

Good News For Farmers; Supply Of Fertilizers Will Increase

Fri, Jun 17, 2022

Insurance companies will help in increasing the supply of manure. Domestic insurance companies will give insurance support to fertilizer import. Insurance companies will provide insurance cover of ₹ 500 Cr per consignment. Know full news from Anurag Shah.

IRDAI Allows Insurance Companies To Introduce Products Without Prior Approval

IRDAI Allows Insurance Companies To Introduce Products Without Prior Approval

Thu, Jun 02, 2022

Insurance regulator IRDAI on Wednesday allowed insurers to launch health and other general insurance without prior approval. IRDAI said in the statement that the 'use and file' process has been implemented for all health insurance products and most general insurance products. Watch this special report.

PMJJBY-PMSBY Rate Hike: New premium rates to be effective from today

PMJJBY-PMSBY Rate Hike: New premium rates to be effective from today

Wed, Jun 01, 2022

The government has increased the premium rate of Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) and Pradhan Mantri Suraksha Bima Yojana (PMSBY) from Wednesday, June 1.

LIC valuation may be among cheapest for global peers | Watch in Details Valuation Update of LIC

LIC valuation may be among cheapest for global peers | Watch in Details Valuation Update of LIC

Tue, May 17, 2022

How is the valuation of LIC in comparison to Indian and global insurance companies. Watch this video to know from Varun Dubey.

ZEE BUSINESS EXCLUSIVE: Good News For New India Assurance, ICICI Lombard

ZEE BUSINESS EXCLUSIVE: Good News For New India Assurance, ICICI Lombard

Thu, May 12, 2022

Third party motor insurance premium may increase next week. The new rates will be applicable from 1st June 2022. Possible growth of up to 6%-23% across segments. Watch this video to know full news from Anurag Shah.

Government likely to infuse Rs 3,000-5,000 cr in public sector general insurers this year - sources

Government likely to infuse Rs 3,000-5,000 cr in public sector general insurers this year - sources

Sun, May 08, 2022

According to the report, “The capital infusion would help improve the financial health of the general insurance firms -- National Insurance Company Limited, Oriental Insurance Company Limited and United India Insurance Company.”

Bazaar Agle Hafte: Third party insurance will be expensive from May 15

Bazaar Agle Hafte: Third party insurance will be expensive from May 15

Fri, Apr 01, 2022

There is bad news for general insurance companies; Now from May 15, third party insurance will be expensive. Changes delayed due to re-draft notification. Negative for companies delaying up to 1.5 months. Watch Bazaar Agle Hafte to know more.

Reinsurance premiums see an uptrend amid Russia-Ukraine conflict; marine, aviation sectors worst sufferers

Reinsurance premiums see an uptrend amid Russia-Ukraine conflict; marine, aviation sectors worst sufferers

Fri, Mar 04, 2022

Russia-Ukraine war has put a lot of pressure on Re-insurance business. The companies have started increasing premium rates in their portfolios said Anurag Shah.

Why insurance sector could be an apple of investors eye? What are TOP TRIGGERS? Zee Business' Devanshi Ashar brings this EXCLUSIVE report

Why insurance sector could be an apple of investors eye? What are TOP TRIGGERS? Zee Business' Devanshi Ashar brings this EXCLUSIVE report

Tue, Sep 14, 2021

The overall insurance sector is buzzing, says Zee Business Research Analyst Devanshi Ashar while pointing few positive triggers to each of the auto, health and general insurance segments.

Around 50K cr unclaimed amount with Banks & Insurance companies, says MoS Finance Bhagwat Karad - Check details

Around 50K cr unclaimed amount with Banks & Insurance companies, says MoS Finance Bhagwat Karad - Check details

Tue, Jul 27, 2021

Minister of State for Finance Bhagwat Karad told the Parliament that an unclaimed amount of Rs 24,356 crore is with the banks while Rs 24,586 crore is with the insurance companies as on March 31, 2020.

Insurance ALERT! Life insurers report 4 pc rise in new year premium in June at Rs 30,009 cr

Insurance ALERT! Life insurers report 4 pc rise in new year premium in June at Rs 30,009 cr

Fri, Jul 09, 2021

The new premium income of life insurance companies rose nearly 4 per cent to Rs 30,009.48 crore in June this year, data from Irdai showed.

Public Sector Banks Privatisation News: Big confirmation by Modi government - Check latest news update

Public Sector Banks Privatisation News: Big confirmation by Modi government - Check latest news update

Tue, Feb 02, 2021

In a big development, government proposed to privatise two public sector banks (PSBs) and one general insurance company in the next financial year.

Lockdown slows down claim settlements from insurance companies

Lockdown slows down claim settlements from insurance companies

Fri, Nov 27, 2020

The insurance sector of India is also facing jolt amid coronavirus pandemic. Crores of insurance claims are still in pending list. Watch this report

Corona Kavach Policy: These workers to get discount on premium, confirms IRDAI

Corona Kavach Policy: These workers to get discount on premium, confirms IRDAI

Wed, Jul 15, 2020

Corona Kavach policies are for three and half months; six and half months; and nine and half months with sum insured ranging from Rs 50,000 to Rs 5 lakhs (in multiples of Rs 50,000).

HDFC Life likely to launch blockbuster products in Q3 & Q4: Vibha Padalkar, MD & CEO

HDFC Life likely to launch blockbuster products in Q3 & Q4: Vibha Padalkar, MD & CEO

Tue, Oct 01, 2019

HDFC Life will continue to be a market leader and maintain its leadership position in terms of top-line growth, profitability and on the front of innovation in the future, says Vibha Padalkar, Managing director and CEO, HDFC Life, in an interview with Zee Business.

Government likely to infuse ₹12,000 crore in state general insurance firms

Government likely to infuse ₹12,000 crore in state general insurance firms

Fri, Sep 06, 2019

Government likely to infuse ₹12,000 crore in state general insurance firms.

Insurance companies should follow IRDAI regulations while investing in Corporates: Subhash Chandra Khuntia

Insurance companies should follow IRDAI regulations while investing in Corporates: Subhash Chandra Khuntia

Wed, Jul 24, 2019

Insurance companies will have to abide by IRDAI regulations while investing in the corporate companies, says Subhash Chandra Khuntia, Chairman, Insurance Regulatory Development Authority of India (IRDAI), during an interview with Zee Business.

Aditya Birla Health Insurance denies of any pressure on Insurance companies

Aditya Birla Health Insurance denies of any pressure on Insurance companies

Wed, May 08, 2019

Aditya Birla Health Insurance denies of any pressure on Insurance companies. Watch this video to know more.

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