IRDAI alerts public to fraudulent consumer education website

IRDAI alerts public to fraudulent consumer education website

 Insurance Regulatory and Development Authority of India (IRDAI)  | Photo Credit: File The Insurance Regulatory and Development Authority of India (IRDAI) has alerted the public to a fraudulent website that is masquerading as IRDAI’s official consumer education website, inducing policyholders to make premium payments online and collecting their personal details. “It has been observed that […]

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IRDAI imposes ₹3.39 cr penalty on Star Health Insurance  

IRDAI imposes ₹3.39 cr penalty on Star Health Insurance  

The Insurance Regulatory and Development Authority of India has imposed a penalty of ₹3.39 crore and issued a warning to Star Health and Allied Insurance Company for violations under IRDAI Information & Cyber Security Guidelines, 2023. The regulator, however, did not elaborate on the violations in its July 25th communication. On Saturday (July 26, […]

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IRDAI eases capital requirement for PMJJBY to encourage more insurers to participate

IRDAI eases capital requirement for PMJJBY to encourage more insurers to participate

This step by IRDAI will supplement the recent revision of premium rates by the Government of India for the two flagship schemes – PMJJBY and Pradhan Mantri Suraksha Bima Yojana to make these schemes economically viable. This step by IRDAI will supplement the recent revision of premium rates by the Government of India for the […]

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