SEARCHED FOR:INSURANCE REGULATORY AND DEVELOPMENT AUTHORITY
Onus to take action against hospitals denying cashless service on insurers: IRDA
In a recent circular, IRDA has put the onus of taking steps against medical establishments for deficiency in service on the insurer, the official said. There has been a sharp spike in complaints post COVID-19 outbreak that private hospitals are demanding huge advance before admission even from patients having cashless medical insurance.
Health insurance claims not contestable after 8 years of premium payment: Irdai
Health insurance companies will not be allowed to contest cla...
IRDAI's standard coronavirus insurance policy set to be a fixed benefit cover
The cover will be a benefit-based product offering a 100% lumps...
General insurers no longer mandated to issue physical policy documents
Insurance companies can now capture electronic signatures of their new customers rather than earlier mandated wet signatures for issuance of policies pertaining to health, motor, fire, and other non-life policies.
UP RERA urges state to reduce stamp duty on property registration by 2%
The move, if implemented, is expected to give a boost to the realty sector, providing relief to developers with unsold inventory over the years.
Banks cannot auction project without the approval of buyers, authority: Haryana RERA
Gurgaon bench of Haryana Real Estate Regulatory Authority has threatened to take penal action against the banks if they auction the project of any builder to recover dues, without taking the approval of the authority.
ICICI Lombard in talks to acquire Bharti Axa General Insurance
The announcements on the matter could be made in the next two weeks, sources said.
Two years of UP RERA: Nearly 80% complaints in Uttar Pradesh are from NCR
After the permanent formation of UP RERA, the judicial work started on September 4, 2018. In two years, 28,020 complaints have been registered with RERA. Out of these, 20,740 are of NCR. 16,136 complaints have been disposed off from the NCR region and 4,893 complaints from the non-NCR region.
UP RERA asked developers to comply with refund orders
On Wednesday, UP RERA held a meeting with Uppal Chadha Hi-Tech developers pvt ltd, Paramount Propbuild pvt ltd, Jaiprakash Associates Limited, and JKG construction pvt ltd to discuss order compliances and separate project account.
Haryana RERA issues show cause to developer for advertising without RERA details
“It has come to the notice of this authority that an advertisement for group housing project - Esfera phase -2’ was published without mentioning the RERA registration certificate number and the web address of the authority,” Haryana RERA said in the notice.
PIL filed in SC to constitute an independent regulatory authority to regulate electronic media
In his PIL, Delhi-based advocate Reepak Kansal said, “Electronic broadcasting channels do not come under the ambit of the Press Council of India.” ET has accessed a copy of the PIL.
Covid booster: Health cover now top segment in general insurance
This is the first time that the seven standalone health companies have done more individual health business than the 24 non-life companies. Overall, non-life companies have seen their revenues up to July shrink by over 1% due to a 22% drop in motor premium.
IRDAI asks insurers to come up with disease-specific plans
Addressing a virtual health insurance conference, IRDAI member, non-life, TL Alamelu, also stressed on the need to set up a mechanism where the person with insurance policy gets benefits even at the diagnostic centre and pharmacy.
Irdai examining feasibility of insurers offering surety bonds for road contracts
In the wake of the COVID-19 pandemic and its subsequent economic impact on liquidity and cash-flows in the Indian banking sector, the Ministry of Road Transport and Highways (MoRTH) had requested the regulator to examine possible offering of surety bonds by the general insurance companies.
SC lens on insurers over Covid claims
The IRDAI has already issued strict instructions to insurance companies that the entire cost of consumables be included in the Covid treatment and it can be asked to ensure that no person seeking reimbursement to Covid treatment cost in hospitals is left high and dry.