IRDAI Clarification Regarding Subscription Of Capital Securities Issued By Insurers
Capital issued by any insurer may be subscribed by any entity incorporated, set up or registered under any law for the time being in force in India; or any entity incorporated, set-up or registered under any law for the time being in force in any Financial Action Task Force compliant jurisdiction.
Master Circular on Protection of Interests of Policyholders
Master circular contains summary of important and relevant information at various stages of an insurance contract for the prospects / policyholders / customers.
IRDAI master circular on protection of policyholders’ interest
This circular consolidates policyholder entitlements into a single reference document and emphasizes measures towards providing seamless, faster and hassle-free claims settlement experience to a policyholder and enhance service standards, to foster a climate of trust and transparency within the insurance sector.
New Updates to the Employees State Insurance (ESI) Scheme
The recent enhancements in the ESI scheme includes:
1)Increased Benefit Rates
2)New Scheme for Superannuated Beneficiaries
3)introduction to online modules
4)adhaar based authentication
5)Covid19 related relaxations
Affiliation and Clinical Training Opportunities at ESIC Hospitals for Academic Year 2025-26
The Employees’ State Insurance Corporation (ESIC) invites applications from government and private nursing, allied, and healthcare professional institutions for clinical training and affiliation at ESIC hospitals for the 2025–26 academic year.
Vision Meet on “Insurance for All” by 2047
The discussions covered strategies for providing affordable insurance products, integrating advanced technology, and enhancing the role of the State Insurance Plan. All these discussions and deliberations were aimed at developing a detailed roadmap to achieve the “Insurance for All” vision by 2047.
IRDAI guidelines regarding Prevention of Money-Laundering (Maintenance of Records) Amendment Rules, 2024
Where additional or updated KYC information is obtained from a client under Rule 9(1C) of PML Rules, Insurers shall furnish the updated information to the CKYCR. If an update in the KYC record of an existing client is informed by the CKYCR, the Insurers shall retrieve the updated KYC records from the CKYCR and update the KYC record maintained by it.
Strategies to Meet ESIC’s Revenue Income Targets for 2024-25
In light of the recent communication regarding the revenue income targets for 2024–25, it is crucial for the Employees State Insurance Corporation (ESIC) to address the shortfall from the previous year.
ESIC’s Annual Health Check-Up for Individuals 40 and Older
The Employees’ State Insurance Corporation (ESIC) is offering an annual preventive health check-up for insured individuals and women aged 40 years and older. This initiative aims to promote the early detection and management of potential health issues.
IRDAI directions to insurers to settle Insurance claims relating to landslides in Wayanad, Kerala
All Insurance Companies are advised to mobilise all resources to ensure
immediate service response including outsourced functions such as Surveyors, Loss Adjustors and Investigators.
