Page-2 of IRDAI Current Affairs, GK & News

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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IRDAI proposes Standard Travel Insurance policy

The Insurance Regulatory and Development Authority of India (IRDAI) recently proposed the “Standard Travel Insurance Policy”. The Policy aims to ensure insurance coverage during domestic as well as international travel. The IRDAI recently released a draft ‘Guidelines on Standard Travel Insurance Policy’. About the Guidelines The Guidelines states that standard travel insurance products would be ..

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What is IAIS?

International Association of Insurance Supervisors (IAIS) is a voluntary membership organisation of insurance supervisors and regulators from more than 200 jurisdictions constituting 92% of the world’s insurance premiums. It is the international standard setting body in charge of developing and assisting in the implementation of principles, standards and other supporting materials for the supervision of ..

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GoI issues rules to manage Mental Illness amid COVID-19

The Ministry of Health and Family Welfare issued guidelines to manage mental illness during COVID-19 pandemic. The guidelines will help protect vulnerable patients and frontline health care workers. This is being done to reduce risk of COVID-19 exposure and protect patients against psychiatric disorders. Highlights The guidelines were issued based on the recommendation of Indian ..

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ICICI Lombard to merge with Bharti Axa General Insurance

ICICI Lombard general insurance company is going to merge with Bharti AXA’s non-life insurance business through a scheme of arrangement. According to ICICI Lombard, it will be the third-largest non-life insurer in India. Who are non-insurance companies? Non-life insurance companies are associated with providing insurance other than Life insurance. Such kinds of insurance include automobile ..

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Care Health Insurance is the new name of Religare Health Insurance

Gurgaon headquartered, Religare Health Insurance got a new name “Care Health Insurance”. Religare Enterprises Limited is the umbrella organization of the group, which provides services like SME finance, Affordable Housing Finance, Retail Broking, and Health Insurance. Health Insurance Companies in India There are several health insurance companies in India. Such insurance companies need approval by ..

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