Insurance Regulatory and Development Authority of India (IRDAI)

  • IRDAI sets up group to find space for selling Surety Bonds
    CHENNAI, JULY 2 (IANS): The Insurance Regulatory and Development Authority of India (IRDAI) has set up a nine member working committee to look at the possibility of Indian non-life insurers offering Surety Bond to contractors.   The IRDAI has set up the committee after the Ministry of Road Transport and Highways requested it to examine the possibility of offering Surety Bond for contractors.   According to IRDAI the Ministry of Road Transport and Highways had writ
  • IRDAI withdraws long-term package policy, auto makers may benefit
    CHENNAI, JUNE 9 (IANS): The Insurance Regulatory and Development Authority of India (IRDAI) announced it is withdrawing the long-term motor insurance package policy from August 1, 2020 onwards.   In a circular, the IRDAI has said after considering various issues, it has decided to withdraw the long-term motor insurance package policy and add on thereon from August 1 onwards while all other provisions shall continue.   With automobile sales hitting the rock bottom,