More Flexibility For Insurance Policyholders, May Cancel Policy And Get Refund –IRDAI New Guidelines Explained | Personal Finance News

New Delhi: Insurance Regulatory and Development Authority of India (IRDAI) has issued a master circular on IRDAI (Insurance Products) Regulations 2024 –General Insurance that replaces all earlier Guidelines/circulars of General Insurance Products. Announcing the Master Circular on 11 June 2024, IRDAI said that it will come into effect immediately. IRDAI said that the master circular […]

ABHISEK RAJPUT

June 12, 2024

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No Insurance Claim To Be Rejected For Lack Of Documents: IRDAI | Personal Finance News

New Delhi: Insurance Regulatory and Development Authority of India (IRDAI) has released a master circular that shall apply to every single existing general insurance product and every add-on cover. The IRDAI Circular issued on 11 June added that no claim shall be rejected for want of documents. All the required documents shall be called at […]

ABHISEK RAJPUT

June 13, 2024

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Consumer Commission Slaps Rs-50,000 Fine On Insurance Company For Deficiency In Services | Companies News

New Delhi: A consumer commission here has directed New India Assurance Company Limited to pay Rs 50,000 compensation to a customer, saying despite having a valid insurance policy, he had to suffer because of the insurer’s “irrational decision” of only partly paying the medical claim. Noting that the company had failed to reimburse the complainant’s […]

ABHISEK RAJPUT

July 17, 2024

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