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 […]

Health Insurance Update: IRDAI Sets 3-Hour Time Limit For Insurers To Clear Cashless Claims- Read Details | Personal Finance News

New Delhi: The Insurance Regulatory and Development Authority of India (IRDAI) has introduced some changes to health insurance regulations. They have issued a comprehensive Master Circular on Health Insurance Products which repeals 55 previous circulars. One key update is that insurers are now required to give final authorisation within three hours of receiving a discharge […]