IRDAI said the objective of the proposed regulation is to ensure that the insurers, intermediaries or insurance intermediaries adopt fair, honest and transparent practices while issuing advertisements

Once you fill in and submit the portability form along with the proposal form to the new insurer , it will seek the necessary details of your medical history and claim history from the existing insurance company

Insurance regulator IRDA has asked insurers to launch a standard term insurance plan -- Saral Jeevan Bima -- which will be available in the market from January 1, 2021

As part of its effort to fast-track COVID-19 vaccine development, Hyderabad-based Bharat Biotech has cut the size of Phase 2 clinical trials of its indigenous coronavirus vaccine Covaxin by half; Bicycle sales in India have grown by over two-folds in the last five months as people are opting for this cheapest mode of transport to cover short to medium distance; Russia on Wednesday announced that it has granted regulatory approval to another COVID-19 vaccine named EpiVacCorona. Watch this and more on News Blast.Also Read: Need to develop more disease-specific health insurance policies: IRDAI

Under such focussed products, insurance companies can bring together medical experts to make aware policy holders on steps to be taken to prevent various diseases

The Insurance Regulatory and Development Authority of India  ( IRDAI) has identified three state owned insurance companies - LIC, GIC Re and the New India Assurance Company as 'too big to fail' institutions. The firms are so big and important that their failure will impact the entire financial system. These institutions will be subjected to higher supervision by the insurance regulator. There's a need for the implementation of the new framework in letter and spirit. The government and regulator are required to follow a broad governance framework in a more rigorous manner.  Anand Adhikari, Executive Editor of Business Today, explains. Watch the video for more.Also Read: This midcap IT stock delivered 130% returns in 11 months; should you buy?

In India, insurers have started using drones in crop cutting experiments and survey of industrial units for the purpose of granting property insurance programmes

If you declare that you are a smoker but have no lung disease, you may get a health policy at the same premium as a non-smoker without medical tests; but things may be different for life insurance

The global economic recovery from the crisis originated by the coronavirus pandemic may take as many as five years, the World Bank's chief economist Carmen Reinhart said; Reliance Retail to offload up to 15-20% stake, raise Rs 80,000 crore; Insurance regulator IRDAI plans new solvency norms to deal with COVID-19 crisis. Watch this and more news on News Blast.Also listen: COVID-19 vaccine in India likely by Jan 2021, says Health Minister

Coronavirus vaccine in India likely by January, 2021, says Health Minister Dr. Harsh VardhanUnion Health Minister Dr. Harsh Vardhan said on Thursday that the COVID-19 vaccine will be made available in India by the beginning of 2021.His remarks come at a time when India is reporting over 50 lakh cases and people are expecting a viable vaccine with bated breath. He stated that PM Modi, the ministers, and state health ministers have been addressing the situation since January 8 fighting \"this...

Health insurance premium is not affordable for all. Either people compromise with a low sum insured policy or they don't buy a policy at all. To make the health policies pocket-friendly, insurance companies have launched instalment option on couple of health insurance products. Some insurers have already launched it while others have to follow suit by September 30. If you are willing to go for the EMI option, make sure to take note of key details. We tell you all about it in this video. Also Read: Insurance regulator IRDAI plans new solvency norms to deal with COVID-19 crisis

Irdai chairman S C Khuntia said that the regulator is looking to introduce risk-based supervision norms, which is required so that those companies which carry higher risks get more supervision

People have realised that it is important to have a health insurance for unforeseen health-related situations like they are in today, Krishnan Ramachandran, MD & CEO of Max Bupa Health Insurance said in an interaction

Axis Bank -- biggest banking channel partner of insurance products for Max Life -- made changes to last month's deal after correspondence from insurance regulator

According to ICICI Lombard, the combined entity will have a market share of about 8.7 per cent on Pro-forma basis. The companies, however, did not disclose the deal value

The 'National Strategy for Financial Education 2020-2025' (NSFE), released by the RBI, has suggested a multi-stakeholder-led approach for creating a financially aware and empowered India

A survey conducted by Max Bupa Health Insurance company found that millennials - people in the age group of 25 to 35 years - were increasingly curious to understand health coverage

Purchasing a new car or a two-wheeler will get cheaper as the obligatory long-term insurance package plans will be withdrawn from August 1.

They said the on-site review to be conducted by experts of the global body was scheduled to begin in September-October but the FATF secretariat in Paris has conveyed to India that the review is being tentatively pushed to January-February next year

Moody's expects Hero FinCorp's asset quality and profitability to weaken in wake of rise in loan delinquencies and defaults due to the economic disruptions caused by the coronavirus outbreak