IRDAI
Motor Third Party Premium and Liability Rules for the Financial Year (FY) 2023-24
The Ministry of Road Transport and Highways has recently released a draft proposal regarding the premium rates for third-party motor insurance for the financial year (FY) 2023-24. No Change in Premium Rates The draft proposal reveals that there have been ..
Month: Current Affairs - June, 2023
Surety Bonds Insurance Product for Infrastructure Sector
The Union Ministry of Road Transport and Highways is set to launch India’s first-ever surety bonds insurance product for highway contractors on December 19 this year. This comes two years after the union ministry directed the Insurance Regulatory and Developmental ..
Month: Current Affairs - December, 2022
Category: Economy & Banking Current Affairs - 2024
IRDAI Committee to expand health insurance coverage
Insurance Regulatory and Development Authority (IRDAI) has set up a consultative committee to expand health insurance cover in India. What is the committee’s purpose? The 15-member committee has been set up for two years by the insurance regulator to achieve ..
Month: Current Affairs - October, 2022
Category: Economy & Banking Current Affairs - 2024 • India Nation & States Current Affairs
IRDAI Bima Manthan 2022
“Bima Manthan 2022” is being organised by ‘Insurance Regulatory and Development Authority of India (IRDAI)’. This is the first hackathon and is being organised under theme- “Innovation in Insurance”. The hackathon has called participants to identify and develop solutions having ..
Month: Current Affairs - August, 2022
Category: Important Days & Events Current Affairs
IRDAI guidelines on Surety Insurance
The IRDAI recently issued guidelines for surety insurance. Under the guidelines, the Insurance Regulatory and Development Authority of India has capped the surety insurance to 10% of the premium. And the maximum threshold was set to five hundred crores of ..
Month: Current Affairs - January, 2022
Category: Economy & Banking Current Affairs - 2024
IRDAI Guidelines on Trade Credit Insurance
The Insurance Regulatory and Development Authority of India (IRDAI) recently issued draft guidelines for general insurance companies. The guidelines mainly focus on credit insurance products with customised covers for MSMEs. Guidelines on Trade Credit Insurance The guidelines will enable general ..