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On What Basis Insurance Policies Which Exclude Mental Illnesses From Full Coverage Approved?: Delhi High Court Asks IRDA

Delhi High Court last week asked the insurance sector regulator
Insurance Regulatory and Development Authority of India (IRDAI) to explain on what basis it granted approval to such insurance policies that excluded mental conditions from full coverage.
The Bench of
Justice Prathiba M. Singh was hearing the plea of one
Subhash Khandelwal who submitted before the Court that he had purchased an insurance policy from Max Bupa Health Insurance Company Limited and that he also paid the insurance premium for the sum assured of Rs.35 lakhs on regular basis.
Importantly, he submitted that when he raised a claim with the insurance company in respect of his mental illness, he realized that ....

Justice Prathibam Singh , Subhash Khandelwal , Supreme Court , Max Bupa Health Insurance Company , Development Authority Of India , Insurance Regulatory Development Authority Of India , Justice Prathiba , Health Care Act , Mental Healthcare Act , Insurance Regulatory , Development Authority , Insurance Regulatory Development , சுபாஷ் கண்டெழுவாள் , உச்ச நீதிமன்றம் , அதிகபட்சம் புபா ஆரோக்கியம் காப்பீடு நிறுவனம் , வளர்ச்சி அதிகாரம் ஆஃப் இந்தியா , காப்பீடு ஒழுங்குமுறை வளர்ச்சி அதிகாரம் ஆஃப் இந்தியா , நீதி பிரதிப , ஆரோக்கியம் பராமரிப்பு நாடகம் , மன சுகாதாரம் நாடகம் , காப்பீடு ஒழுங்குமுறை , வளர்ச்சி அதிகாரம் , காப்பீடு ஒழுங்குமுறை வளர்ச்சி ,

74% FDI allowed in insurance sector: amendment to Insurance Act

Introduction
For several years, stakeholders in the Indian insurance sector have wanted the foreign direct investment (FDI) limit for Indian insurers to be increased to 74% in parity with the FDI limit applicable to the private banking sector. On 1 February 2021, pursuant to the central budget speech for the financial year 2021-2022, the finance minister announced that the FDI cap for Indian insurers will be increased from 49% to 74%. In addition, it was announced that under the new framework:
foreign ownership and control would be allowed with safeguards;
the majority of directors on an insurer s board of directors and key management persons would be required to be resident Indians; ....

Indian Insurance Companies , Insurance Companies Foreign Investment , Foreign Exchange Management Instruments , Registration Of Indian Insurance Companies Regulations , Equity Funds In Indian Insurance Companies Guidelines , Equity Shares Of Insurance Companies Regulations , Insurance Regulatory Development Authority Of India , Official Gazette , Insurance Companies , Foreign Investment , Foreign Exchange Management , Non Debt Instruments , Insurance Regulatory Development Authority , Equity Shares , Life Insurance Business , Indian Owned , Corporate Governance , Solvency Margin , General Insurance Business , Private Equity Funds , Aw Firms , Aw Updates , Egal Updates , Egal Developments , Aw Developments , Egal Newsletters ,

IRDAI Issues Draft Guidelines on Trade Credit Insurance Products for MSMEs

IRDAI Issues Draft Guidelines on Trade Credit Insurance Products for MSMEs
moneylife.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from moneylife.in Daily Mail and Mail on Sunday newspapers.

Moneylife Digital Team , Insurance Regulatory Development Authority Of India , Draft Guidelines , Trade Credit Insurance Products , Insurance Regulatory , Development Authority , காப்பீடு ஒழுங்குமுறை வளர்ச்சி அதிகாரம் ஆஃப் இந்தியா , வரைவு வழிகாட்டுதல்கள் , காப்பீடு ஒழுங்குமுறை , வளர்ச்சி அதிகாரம் ,

How to Combat White Collar Crime and Financial Frauds

How To Combat White Collar Crime and Financial Frauds
Ranganathan V
3
We have seen an avalanche of corporate frauds since the outbreak of the IL&FS (Infrastructure Leasing & Financial Services) scandal in October 2018 and the aftermath is sitting as muck and filth (euphemistically termed non-performing assets, NPAs) in the books of banks and non-banking financial companies (NBFCs). The estimate is a mind-boggling sum and is far in excess of a full year’ revenue of the Central government.

Strangely, neither the Budget nor the Economic Survey that preceded it gave a full picture of this. The Reserve Bank of India (RBI)’s report on the financial sector did put out projections under different scenarios. None of the scenarios assumed provides any comfort on the figures. ....

Tamil Nadu , Supreme Court , Dewan Housing Finance Corp Ltd , Franklin Templeton , Karnataka High Court , Lakshmi Vilas Bank , Securities Exchange Board Of India , Insurance Regulatory Development Authority Of India , Combat White Collar Crime , Financial Frauds , Reserve Bank , Securities Exchange Board , Hindu Businessline , Insurance Regulatory Development Authority , Mutual Fund Returns , Bank Fixed Deposits , Investor Returns , Portfolio Allocation , தமிழ் நாடு , உச்ச நீதிமன்றம் , திவான் வீட்டுவசதி நிதி கார்ப் லிமிடெட் , பிராங்க்ளின் கோயில் , கர்நாடகா உயர் நீதிமன்றம் , லட்சுமி விலாஸ் வங்கி , பத்திரங்கள் பரிமாற்றம் பலகை ஆஃப் இந்தியா , காப்பீடு ஒழுங்குமுறை வளர்ச்சி அதிகாரம் ஆஃப் இந்தியா ,

IRDAI brings peritoneal dialysis in ambit of private insurance coverage

IRDAI brings peritoneal dialysis in ambit of private insurance coverage
IRDAI brings peritoneal dialysis in ambit of private insurance coverage
15 January 2021 | News
The recent development allows kidney patients to avail the benefits of the home-based and cost-
effective PD therapy
Source credit: Shutterstock
To address the increasing number of Kidney Failure patients in India, the Insurance Regulatory Development Authority of India (IRDAI) has released the much-awaited policy guidelines to include peritoneal dialysis (PD) in the ambit of private insurance coverage.
According to the guidelines, patients taking treatment of PD can make reimbursement claims on a monthly basis through an approved pre- authorisation procedure. The provisions of the new guidelines have been in effect from 1st October 2020. ....

New Delhi , Sunil Prakash , Renal Transplant Service , Insurance Regulatory Development Authority Of India , Kidney Failure , Insurance Regulatory Development Authority , Peritoneal Dialysis , Insurance Coverage , Health Insurance , புதியது டெல்ஹி , சுனில் பிரகாஷ் , சிறுநீரகம் மாற்று சேவை , காப்பீடு ஒழுங்குமுறை வளர்ச்சி அதிகாரம் ஆஃப் இந்தியா , கிட்நீ தோல்வி , காப்பீடு ஒழுங்குமுறை வளர்ச்சி அதிகாரம் , பெரிட்டோனியல் டயாலிசிஸ் , காப்பீடு பாதுகாப்பு , ஆரோக்கியம் காப்பீடு ,