New Delhi, July 19 (IANS) The Telecom Regulatory Authority of India (TRAI) has raised objections to Truecaller’s display of a “frequently blocked” badge on calls originating from the dedicated 140 and 1600 number series, saying such labels could mislead telecom consumers and create unnecessary suspicion around legitimate commercial and government communications.A senior TRAI official said tagging regulated number series with labels such as “frequently blocked” is not advisable as it can confuse …
Latest Insurance Regulatory and Development Authority of India News & Updates
New Delhi, May 26 (IANS) Insurance Regulatory and Development Authority of India (IRDAI) has tightened rules on top executive remuneration, linking their bonuses and incentives to measurable customer outcomes, financial health and transparency disclosures. IRDAI said remuneration of Key Management Personnel (KMPs) including chief executives must be aligned with defined performance parameters such as claims settlement speed, grievance redressal and product performance.Cost efficiency, policy rete…
Mumbai, May 4 (IANS) The Reserve Bank of India (RBI) and the Insurance Regulatory and Development Authority of India (IRDAI) are not in favour of allowing banks and insurance companies to participate in the commodity derivatives market, Securities and Exchange Board of India (SEBI) Chairman Tuhin Kanta Pandey said on Monday.Speaking on the sidelines of the IMC Capital Markets Conference at the NSE, Pandey said both regulators have a “valid rationale” behind their stance and are not favourabl…
Mumbai, April 21 (IANS) HDFC Life Insurance Company has reappointed Vibha Padalkar as its Managing Director and Chief Executive Officer for another five-year term, according to a regulatory filing submitted to stock exchanges on Tuesday. The decision was approved by the company’s Board of Directors at its meeting, following a recommendation from the Nomination and Remuneration Committee.Padalkar’s new tenure will commence on September 12, 2026, and will run for five years, subject to approva…
New Delhi, March 26 (IANS) India’s health insurance sector has recorded strong growth, with total premiums crossing Rs 1.2 lakh crore in 2024-25, the government said on Thursday.India’s health insurance sector continues to expand steadily, growing at around 9 per cent annually, driven by increasing awareness, better access to healthcare financing and a rising need for financial protection against medical expenses.To improve efficiency and ensure faster support to policyholders, the Insurance…
New Delhi, March 24 (IANS) The government has stepped up efforts to help citizens reclaim over Rs 73,000 crore lying unclaimed across banks, insurance companies and mutual funds, with regulators rolling out simplified claim processes, digital tracking platforms and nationwide awareness drives, the Parliament was informed on Tuesday.Minister of State for Finance Pankaj Chaudhary said in Rajya Sabha that unclaimed deposits with public sector banks have crossed Rs 60,500 crore, while regulators are…
New Delhi, March 24 (IANS) The National Human Rights Commission (NHRC) has taken cognisance of a complaint alleging that persons with hearing and speech disabilities are being denied access to life insurance benefits due to the refusal of insurance companies to extend coverage to them.According to the complaint received by the Commission, individuals with such disabilities are unable to avail themselves of life insurance policies, raising concerns over discriminatory practices within the insuran…
Mumbai, March 11 (IANS) In response to growing complaints regarding difficulties in health insurance claim approvals and exorbitant medical billing by private hospitals, Maharashtra’s Minister for Public Health and Family Welfare Prakash Abitkar on Wednesday issued strict directives stating that both insurance companies and hospitals must operate with the patient at the centre of their services.At a meeting with the Insurance Regulatory and Development Authority of India (IRDAI), major private…
Jaipur, Feb 9 (IANS) Rashtriya Loktantrik Party (RLP) President and Nagaur Lok Sabha MP, Hanuman Beniwal, on Monday, raised a query in the Lok Sabha regarding GST reforms on personal life insurance and health insurance policies. He said that despite the Union government reducing GST to zero on these insurance products, insurance companies in Rajasthan and several other states have increased base premiums by 8 to 12 per cent.Nagaur MP Beniwal asked the Union government on what concrete action pla…
Gandhinagar, Jan 19 (IANS) Under the nationwide financial awareness drive titled ‘Your Money, Your Right’, more than Rs 104 crore has been returned to original account holders in Gujarat, reaffirming the principle that every rupee saved by citizens rightfully belongs to them and their families.The campaign was formally launched in October 2025 from Gandhinagar, the capital of Gujarat, in the presence of Union Finance Minister Nirmala Sitharaman, who flagged off the initiative at the national lev…