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Finance

IRDAI asks life insurers to offer surrender value in first year

Mumbai: The Insurance Regulatory and Development Authority of India (IRDAI) has asked insurance companies to offer a surrender value from the first year itself,...

Finance

Now, customise motor, home insurance policies: Irdai

Pushing for “new, innovative and customised products under the new product regulations”, the insurance regulator, Irdai, has come out with a master circular on...

Finance

Health Insurance Claim: 43% policyholders faced difficulties, some had to wait an extra day at hospital, survey

Many health insurance claims in India have either been rejected or approved partially in the last three years, according to a recent survey by...

Finance

IRDAI allows for modification of withdrawn life insurance products to benefit policyholders; 4 key provisions

The Insurance Regulatory and Development Authority of India (IRDAI) has approved changes to withdrawn life insurance policies that will benefit existing customers. The IRDAI's...

Finance

North India floods July 2023: Irdai urges insurers to settle flood-related insurance claims on fast track basis

It is anticipated that infrastructure and property (homes and businesses) would suffer significant losses as a result of floods in several states of North...

Finance

Irdai forms task force to facilitate ease of doing KYC using Aadhaar for policyholders: What will be covered

The Insurance Regulatory and Development Authority of India (Irdai) has announced that it is setting up a task force to facilitate ease of doing...

Finance

HDFC-HDFC Bank merger gets NCLT approval

The National Company Law Tribunal (NCLT) on Friday gave its approval to the HDFC-HDFC Bank merger.The merger between the two entities has received in-principle...

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