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Explore Registrationkraft’s IRDAI Category blog posts to learn about latest IRDAI guidelines, rules, insurance industry updates and more.
Almost every family-inclined person feels like it is their responsibility to protect their family from the vagaries of fate. However, there is no way to ensure that your family will always be protected against tragedies. While there is no way to eliminate future tragedies, there’s definitely a way to prevent their financial consequences through the […]
The Insurance Regulatory and Development Authority of India (IRDAI) has directed life and general insurance companies to extend cover to certain identified Gram Panchayats. This has been made mandatory under IRDAI’s master circular on rural, social and motor third party obligations (dated 10.05.2024) issued under Section 34 of the Insurance Act, 1938, Section 14 of […]
As we all know our future remains uncertain and it is hard to determine what will happen in the future. Many times, disasters hit, people lose lives, and suffer massive damage. In such a critical scenario, insurance plays a pivotal role in making our lives easier by giving us an assurance that most monetary losses […]
Insurance claim fraud is the illegal act of misleading and exploiting a company or an individual holding an insurance contract. For instance, a policy seller might sell somebody a policy by a company that does not even exist, or make fake promises to the buyer for the sake of earning more commission. In a similar […]
In today’s fast-paced lifestyle, insurance emerges as the most preferred way of keeping life elements particularly in regard to finance. Be it any expensive item like car, mobile phone, home, office, or even health, taking up an insurance policy for the same gives a kind of assurance that he can rest assured if something wrong […]
Digital transformation is being seen across multiple industries such as healthcare, manufacturing, transportation, and finance. The insurance sector has also adapted to new changes. As customers demand better service and accessibility, insurance companies change themselves and improve their speed, efficiency, and accuracy. This resulted in the growth and evolution of digital insurance. So, companies that […]
The insurance industry of India is one of the premium sectors that is experiencing upward growth. This means growth in income and awareness, currently, India is the 5th largest life insurance market in the world, growing at 32 to 34% every year. The industry has gone through multiple transformations in terms of development, growth, modification […]
The Insurance Ombudsman scheme was created by the IRDAI for individuals who have complaints regarding insurance intermediaries and insurance brokers. The ombudsman helps people to resolve their complaints in a cost-effective and efficient or impartial manner. Currently, 17 Insurance Ombudsman offices are located in the different locations of the country. You can submit a complaint […]
IRDAI The insurance industry is growing every year but the cases of policy rejection are also increasing during the claim process. To resolve customer grievances the Insurance Regulatory Authority of India launched the offices of the Insurance Ombudsman. Many people are getting help from these offices. Who is the Insurance Ombudsman? An Insurance Ombudsman is […]