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Bima Sugam: IRDAI's draft regulations on one-stop online shop for all insurance policies

The Insurance Regulatory and Development Authority of India (IRDAI) has released draft regulations for the electronic insurance marketplace, Bima Sugam, or a digital public infrastructure.

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Irdai proposes to set up online marketplace 'Bima Sugam'

Irdai has invited comments on the draft Insurance Regulatory and Development Authority of India (Bima Sugam -- Insurance Electronic Marketplace) Regulations, 2024. The deadline for submitting comments is March 4. Stakeholders are encouraged to provide feedback on the proposed regulations for the online insurance market place.

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Irdai proposes to increase 'free look' period to 30 days

(This story has not been edited by THE WEEK and is auto-generated from a PTI

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Latest News | Irdai Proposes to Set Up Online Marketplace 'Bima Sugam'

Get latest articles and stories on Latest News at LatestLY. Regulator Irdai has proposed to establish an online insurance market place, Bima Sugam, a one-stop solution to enhance availability, accessibility, and affordability of a product.
Latest News | Irdai Proposes to Set Up Online Marketplace 'Bima Sugam'.

India , New-delhi , Delhi , Bima-sugam , Development-authority-of-india-irdai , Regulator-irdai , Electronic-marketplace- , Insurance-regulatory , Development-authority , Electronic-marketplace ,

Insurance Products: Irdai sets up panel to increase banks' participation in selling insurance products

The Insurance Regulatory and Development Authority of India (Irdai) has established a task force to increase the involvement of banks in the distribut

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Insurance: Irdai sets up panel to increase banks' participation in selling insurance products

The Insurance Regulatory and Development Authority of India (Irdai) has taken a proactive step by forming a high-level panel. The primary objective of this panel is to recommend measures that would enhance the involvement of banks in facilitating the accessibility of insurance products throughout the nation.

New-delhi , Delhi , India , J-meena-kumari , Development-authority-of-india-irdai , Regulator-irdai , Insurance-regulatory , Development-authority , Executive-director , Insurance , Bank , Increase-banks

irdai: Irdai sets up panel to simplify wording of insurance policies

Irdai has set up a committee to simplify the wording of insurance policies to help people make an informed decision before buying cover. Eight-member committee has been asked to submit its recommendations within 8-10 weeks. The panel has been asked to examine the existing insurance policy wording and suggest "simple and plain" wording that is legally correct and enforceable.

New-delhi , Delhi , India , Committee-for-plain-language-policy-wordings , Development-authority-of-india-irdai , Regulator-irdai , Insurance-regulatory , Development-authority , Plain-language , Irdai , Insurance-policies

Proactively process claims related to Balasore train accident: Irdai to insurers

Proactively process claims related to Balasore train accident: Irdai to insurers
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SBI Life To Takeover Liabilities Of 2 Lakh Policies, Assets Of Sahara India Life Insurance: Irdai

Sahara India Life Insurance was granted a Certificate of Registration in 2004 to transact the business of life insurance.

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SBI Life to take over liabilities of Sahara India Life Insurance: Irdai

Regulator Irdai on Friday directed SBI Life Insurance Company to takeover the policy liabilities of around two lakh policies along with assets of Sahara India Life Insurance Co Ltd (SILIC) with immediate effect.

The decision was taken at the meeting of the Insurance Regulatory and Development Authority of India (Irdai) in view of deteriorating financial health of the SILIC.

'The Authority has identified SBI Life Insurance Company Limited (SBI Life), which is one of the largest life insurers in the country with satisfactory financials, as the acquirer insurer of the life insurance business of SlLIC.

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