Tag: Irdai
IRDAI moots internal insurance ombudsman mechanism for complaints in upto ₹50 lakh claims
Insurance regulator IRDAI is proposing an internal ombudsman mechanism in insurance companies to address complaints involving claims up to ₹50 lakh. It will applicable to ... Read More
Irdai forms panels to look into violations by insurers – Times of India
Insurance regulator Irdai has formed panels of whole-time members to look into violations of regulatory norms by insurers and intermediaries. A decision to this effect ... Read More
Watsa-backed Value Attics gets reinsurance licence – The Times of India
MUMBAI: Value Attics Reinsurance has received a reinsurance licence from insurance regulator Irdai, making it the first private-sector reinsurer. This ends the five-decade monopoly of ... Read More