IRDAI Current Affairs, GK & News

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 potential to make insurance available to every individual swiftly and seamlessly. In the Bima Manthan ..

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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 rupees. What is surety insurance? Surety insurance are guarantees without collateral. It protects the lender ..

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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 insurers to offer trade insurance covers to financial institutions (mainly licensed banks). This will help ..

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IRDAI: Health Insurance and Motor Insurance Filing Process Standardised

The Insurance Regulatory and Development Authority of India (IRDAI) recently standardised the technical notes for filing health and motor insurance policies. The IRDAI has lately been taking up several initiatives to standardise the health insurance products in the country. This is mainly being done to reduce the complexities faced by the customers at the time ..

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IRDAI Launches Standard Personal Accident Cover

The Insurance Regulatory and Development Authority (IRDAI) has launched a standard personal accident cover called Saral Suraksha Bima. This accident cover will be mandatorily offered by the general and health insurers from April 1, 2021. Saral Suraksha Bima This product has assured maximum sum of Rs 1 crore while the minimum assured sum of Rs ..

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Bharat Griha Raksha Policy: The Home Insurance Policy

The IRDAI is to introduce standard products covering the risk of fire and allied perils. The policy being introduced is to replace the Standard Fire and Special Perils Policy. It has three main components namely the Bharat Griha Raksha, Bharat Laghu Udyam Suraksha and Bharat Sookshma Udyam Suraksha. What is Bharat Griha Raksha? Under the ..

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