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.
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Fri, Aug 23, 2024
Insurance surety bonds are financial instruments, where insurers act as 'surety' and provide the financial guarantee that the contractor will fulfil its obligation as per the agreed terms.
Fri, Jun 21, 2024
Unit-linked or index-linked insurance products shall not be advertised as 'investment products', IRDAI said in a master circular dated June 19.
Mon, Feb 20, 2017
Commenting on the interest rate scenario, he said, "there is scope for rates to fall by 25 basis points or more. But, I can't tell you by when it will happen."
Fri, Aug 12, 2016
All general insurance companies, including the standalone health and reinsurance, shall take steps to get their shares listed on completion of eight years of operations.
Wed, May 18, 2016
HDFC Standard Life recently announced plans to launch its Initial Public Offer (IPO).
Tue, May 03, 2016
The government had notified the Indian Insurance Companies (Foreign Investment) Rules, 2015, to facilitate foreign investment in the insurance sector.
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