New Delhi, April 2 Rajya Sabha NCP-SCP member Fauzia Khan urged the finance minister on Thursday to direct the insurance regulator, IRDAI, to ease stringent lapse rules in life and health policies by extending the grace period to 90 days from 30 days.Raising the issue during Zero Hour in the...
fauzia khan
financial crisis
grace period
health insurance
india
insurance policies
irdai
life insurance
ncp-scp
policy lapse
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rajya sabha
Mumbai, March 30 LIC announced on Monday that its offices across zones and divisions will remain open during normal working hours on Tuesday.This move is for customer convenience, as per the advisory issued by the Insurance Regulatory and Development Authority of India (IRDAI), an official...
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customer service
cybersecurity
financial services
fraud prevention
india
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insurance
irdai
lic
mobile payments
payment systems
retail banking
upi
New Delhi, March 30 Branches of the Life Insurance Corporation of India (LIC) across the country will remain open on March 31 to assist policyholders in depositing their insurance premiums.March 31 is a public holiday due to Mahavir Jayanti.Normal operations, as per official working hours...
banking and financial services
deposits
financial services
government holidays
india
insurance premiums
insurance regulatory and development authority of india
irdai
lic
life insurance corporation of india
mahavir jayanti
march 2026
march 31st
policyholders
public holiday
New Delhi, March 26 India's health insurance sector continues to experience robust growth, growing at a rate of around 9 per cent, with total health insurance premium volume exceeding ₹1.2 lakh crore in 2024-25.This growth reflects increasing awareness, improved access to healthcare financing...
New Delhi, March 26 Jio Financial Services Ltd (JFSL) and Allianz Group, through its wholly-owned subsidiary Allianz Europe BV, announced on Thursday that their reinsurance joint venture has commenced operations.Allianz Jio Reinsurance Ltd is authorized to underwrite reinsurance in India with...
New Delhi, March 24 – The government has intensified its efforts to help citizens recover over ₹73,000 crore in unclaimed deposits held by banks, insurance companies, and mutual funds. Regulators are implementing simplified claim processes, digital tracking platforms, and nationwide awareness...
bank deposits
customer claims
deposit tracking
digital banking
financial awareness
financial recovery
fraud prevention
incentive schemes
insurance claims
irdai
mutual funds
regulatory initiatives
reserve bank of india
sebi
unclaimed deposits
New Delhi, March 24 The NHRC has sent a notice to the Insurance Regulatory and Development Authority of India regarding allegations that families of children with hearing and speech disabilities are facing difficulties in obtaining life insurance policies.A copy of the proceedings has also...
complaint
disability insurance
financial services
government regulation
hearing impairment
human rights
india
insurance policies
investigation
irdai
life insurance
nhrc
persons with disabilities
policy guidelines
speech impairment
New Delhi, March 24 The National Human Rights Commission (NHRC) has taken cognizance of a complaint alleging that individuals with hearing and speech disabilities are being denied access to life insurance benefits due to the refusal of insurance companies to extend coverage to them.According...
disability certificates
disability rights
grievance redressal
hearing impairment
insurance discrimination
insurance regulatory and development authority of india
irdai
life insurance
ministry of finance
national human rights commission
nhrc
re-assessment
re-verification
speech impairment
unique disability id
New Delhi, March 11 HDFC ERGO General Insurance Company appointed Parthanil Ghosh as Managing Director and Chief Executive Officer (CEO) of the company on Wednesday.The company's board approved Ghosh's elevation to MD&CEO from Executive Director earlier in the day, HDFC ERGO General Insurance...
chief executive officer
company appointment
corporate governance
executive director
financial services
general insurance
hdfc ergo
india
insurance
insurance industry
irdai
l&t general insurance
leadership
managing director
parthanil ghosh
Mumbai, March 11 In response to growing complaints regarding difficulties in health insurance claim approvals and exorbitant medical billing by private hospitals, Maharashtra’s Minister for Public Health and Family Welfare Prakash Abitkar issued strict directives on Wednesday, stating that both...
Kolkata, February 25 The insurance industry needs to control customer acquisition costs and overall management expenses to improve profitability and make products more affordable, a senior IRDAI official said on Wednesday.Addressing the "InsureInd" organized by CII here, Insurance Regulatory...
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cost rationalization
customer acquisition costs
digital distribution
health insurance
insurance industry
insurance penetration
irdai
management expenses
middle-income households
mis-selling
product affordability
product innovation
profitability
use and file procedure
Kolkata, February 25 The insurance industry needs to control customer acquisition costs and overall management expenses to improve profitability and make products more affordable, a senior IRDAI official said on Wednesday.Addressing the "InsureInd" organized by CII here, Insurance Regulatory...
New Delhi, Feb 23 – Finance Minister Nirmala Sitharaman on Monday strongly criticized banks for mis-selling financial products, including insurance, to customers, urging them to focus on their core business instead."Banks should concentrate on their core business...My main concern has always...
bank mis-selling
banking regulation
casa deposits
central bank digital currency (cbdc)
customer relationship management
deposit mobilization
financial products
gilt switches
government borrowing
insurance sales
irdai
loan lending
monetary policy
nirmala sitharaman
rbi
sanjay malhotra
New Delhi, February 23 Finance Minister Nirmala Sitharaman on Monday strongly criticised banks for mis-selling financial products, including insurance, saying it is a violation of the Bharatiya Nyaya Sanhita (BNS)."Banks should focus on their core business... My biggest concern has always...