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IRDAI imposes ₹1 crore penalty on UIB Insurance Brokers
Business

IRDAI imposes ₹1 crore penalty on UIB Insurance Brokers

The Insurance Regulatory and Development Authority of India (IRDAI) imposed a ₹1 crore penalty on UIB Insurance Brokers. The penalty was imposed for violation of

Health cover premium crosses ₹1 lakh crore mark in first 10 months of FY25
Business

Health cover premium crosses ₹1 lakh crore mark in first 10 months of FY25

Health insurance segment is continuing to drive growth in the non-life industry and has crossed the milestone of ₹1 lakh crore mark in the current fiscal

IRDAI permits one-time UPI mandate for buying life, health cover
Business

IRDAI permits one-time UPI mandate for buying life, health cover

The Insurance Regulatory and Development Authority of India (IRDAI) has permitted a one-time mandate for blocking the amount towards premium through Unified Payments Interface (UPI)

Bima Vistaar: Decks cleared for the first-ever all-in-one insurance plan
Business

Bima Vistaar: Decks cleared for the first-ever all-in-one insurance plan

Decks have been cleared for the rollout of the much-awaited Bima Vistaar, the first-ever composite product covering death, personal accident, property and surgical hospitalisation at