Irdai

Health insurance gross written premium has reached Rs 1.27 lakh crore in 2025 and is projected to nearly double to Rs 2.6-3 lakh crore by 2030, a BCG report said

Why Bima-ASBA’s adoption may be stuck in limbo

While early adopters have shown the system can work, several insurers seem to continue to grapple with legacy infrastructure, complex bank and UPI integrations and concerns over near-term cash-flow disruption.

‘Third party’ definition under motor insurance may be expanded to include owner-drivers

Sources say, this change is currently being circulated among stakeholders and if approved, is likely to be rolled out in the upcoming winter parliamentary session

IRDAI examining feedback on proposal to appoint internal ombudsmen in insurance firms: Ajay Seth

Seth also flagged persistent gaps in health insurance claim settlements, calling for greater transparency and fairness from insurers

Insurance agents & associations likely to take up GST issue with IRDAI, Finance Ministry

While strict cost caps has forced private insurers to pass GST burden to agents, PSUs like LIC, New India Assurance, Oriental and United India have decided to absorb loss

Insurance forum likely to seek clarity on input tax credit and GST exemption from IRDAI, Centre

Sources say, insurers may be fearing the possibility of customer grievances if refunds are delayed or denied, while actuarial teams face the challenge of recalculating projections for policies spanning across the transition period

Ex-finance secretary Ajay Seth takes charge as Irdai Chairman

Seth, a 1987-batch IAS officer of Karnataka cadre, retired as the Secretary of the Department of Economic Affairs in June after a four-year-long stint

Bima Sugam portal will offer online access all your insurance policies

A single safe account will make it easy to view, renew, and compare all your insurance policies with providers—here's how Bima Sugam is likely to work when launched.

What led to the selloff in PB Fintech shares: IRDAI's regulatory action explained

IRDAI's action dates back to June 2020 when it conducted a remote inspection of PolicyBazaar’s operations during its IWA tenure and found irregularities in how it managed the sales processes, disclosures, partnerships, and premium flows.

PB Fintech shares fall after disclosure shows fine by IRDAI over regulatory lapses

IRDAI had inspected Policybazaar back in June 2020 and had issued a show-cause notice to PB Fintech in October 2024.

Why IRDAI wants insurers to appoint an in-house ombudsman and what it means for policyholders

The insurance regulator has released a draft framework to mandate internal ombudsmen within insurance companies, and is expected to finalise the regulations by Q3FY26. Moneycontrol explains everything you need to know.

IRDAI's Satyajit Tripathy cautions on practices of insurance brokers to increase valuation

ripathy said that in the insurance broking space, there is a record level of activity in terms of mergers, acquisitions, and demergers in the distribution segment. “The regulator is witnessing increased activity in this area on a day-to-day basis,” he said.

Former DEA Secretary Ajay Seth appointed IRDAI Chairperson for three years

The appointment ends a four-month vacancy at the insurance regulator; Seth brings nearly four decades of public finance and policy experience to the role

Ajay Seth named IRDAI chairman for three-year term

His appointment was confirmed through an official government notification, and he will hold the position for a tenure of three years.

IRDAI Chairperson search hits roadblock as top candidates refuse to move to Hyderabad

Despite the ongoing process, top candidates are reportedly declining the offer due to unwillingness to relocate to Hyderabad, where the IRDAI is headquartered in the Financial District of Nanakramguda, Gachibowli.

IRDAI likely to notify risk-based capital norms in Aug, phased rollout to follow

This implementation is aimed at giving insurers time to build the necessary internal capacity for the model without disrupting day-to-day operations.

IRDAI proposes doubled investment limits for insurers in REITs, InvITs; eyes gold ETFs

Real Estate Investment Trusts (REITs) and Infrastructure Investment Trusts (InvITs), which gather funds for property ownership and infrastructure projects, have become key long-term investment options

IRDAI board meets today; may give nod to Patanjali-Magma deal, KIWI licence

In the absence of a full-time IRDAI chairman, the meeting will be held under the interim chairmanship of PK Arora, the senior-most member and actuary of the regulatory body, sources say

FinMin eyes control of National Health Exchange to rein in inflated hospital claims; IRDAI likely to be new regulator

Move aims to plug leakages in health insurance claims; FinMin finds hospitals are inflating bills based on policy limits

No immediate restrictions planned on bancassurance model: IRDAI sources

The Centre has been nudging IRDAI to scale up inspections of insurance companies and penalise those flouting norms, particularly in the health insurance segment

Concerned over unreasonably high insurance premiums, seek faster claims disposal to boost coverage: DFS Secy

There is a need to curb insurance misselling and ensure that premiums in India are low so that coverage can increase, M Nagaraju said.

Govt asks IRDAI to scale up inspections, penalise health insurers flouting norms

IRDAI has, so far, inspected six to seven insurance companies, covering both public sector and private players, with further checks planned in the coming months

Without open architecture, harder to build sustainable career in insurance: Go Digit's Kamesh Goyal

Health insurance is going through a phase of structural stress—both for customers and insurers, says Goyal

India’s Insurance sector faced maximum cyber onslaught in FY25

Prominent insurers such as Star Health and Allied Insurance, Niva Bupa Health Insurance, HDFC Life Insurance, Tata AIG General Insurance, and Life Insurance Corporation of India (LIC) have found themselves at the forefront of data breaches

Govt reviews 18% hike in motor TP premiums amid widening losses and years of tariff freeze

This development comes at a time when insurers have been reporting escalating loss ratios