Reinsurance Regulations are coming by February End - IRDAI Chairman T S Vijayan

The reinsurance regulations, T S Vijayan, Chairman, Insurance Regulatory and Development Authority of India (IRDA) said that the reinsurance regulations will be out by February end. The reinsurance regulations will determine the insurance business & the order of preference in India.

Read More

Get ₹5 Lac Health Insurance starts @ ₹200/month*
Tax Benefitup to Rs.75,000
Save up to 12.5%* on 2 Year Payment Plans
7 Lakh+ Happy Customers

*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply
*Tax benefit is subject to changes in tax laws. Standard T&C Apply

Get insured from the comfort of your home No medicals required
I am a

My name is

My number is

By clicking on ‘View Plans’ you, agreed to our Privacy Policy and Terms of use
Close
Back
I am a

My name is

My number is

Select Age

City Living in

    Popular Cities

    Do you have an existing illness or medical history?

    This helps us find plans that cover your condition and avoid claim rejection

    Get updates on WhatsApp

    What is your existing illness?

    Select all that apply

    When did you recover from Covid-19?

    Some plans are available only after a certain time

    When asked about what can be expected from the regulations, he said that life insurance regulations are making a headway and will be formulated some time. They are receiving constructive comments, and they will have to analyze them whether these suggestions abide the international standards or not. They will consider the ones that suit our country profile. So, it will take some more time.

    The regulatory body explained that now that global corporations are interested in entering the Indian market, there are 4 or 5 companies that have applied for licenses & have shown a keen interest in various general insurance products. He added that insurance sector has a potential for exponential growth and any company with access to a large amount customer-related data will definitely have an extra-edge over its competitors.

    Environment factors such as mobile technology, Aadhar etc. offer golden opportunities for the companies. Insurance sector should be aware of such changes since the next wave of growth lies there.

    Written By: PolicyBazaar - Updated: 27 April 2022

    Health insurance articles

    Recent Articles
    Popular Articles
    Monkeypox: Dos and Don’ts of the Disease That You Should Know

    15 Sep 2022

    Monkeypox has slowly and steadily spread to more than 85 countries...
    Read more
    Why is It Important to Disclose Pre-existing Diseases to Your Insurer?

    06 Sep 2022

    As we grow old, the chances of developing a disease or a medical...
    Read more
    Benefits of Multi-Year Health Insurance Plans

    25 Aug 2022

    Ever since COVID-19 entered our lives, health insurance has come...
    Read more
    Does Health Insurance Cover Monkeypox?

    25 Jul 2022

    Monkeypox is the latest disease to make its way to India while we...
    Read more
    List of Diseases Covered by Bajaj Allianz Health Insurance Plans

    05 Jul 2022

    Barely any person has remained unaffected due to rising health...
    Read more
    PMJAY Scheme: Ayushman Bharat Yojana Eligibility & Registration Online
    Prime Minister Shri Narendra Modi announced the launch of (PMJAY) Ayushman Bharat Yojana in his Independence...
    Read more
    Best Health Insurance Plans in India 2022
    Finding the best health insurance plan from so many different health insurance companies can get confusing for many...
    Read more
    How to Apply for Ayushman Bharat Pradhan Mantri Jan Arogya Yojana (PM-JAY)?
    Ayushman Bharat Yojana is a flagship health insurance scheme launched by the Government of India to offer universal...
    Read more
    Best Maternity Insurance Plans
    Maternity insurance offers comprehensive coverage for medical expenses incurred during pregnancy, including the cost...
    Read more
    Best Health Insurance Plans for Senior Citizens in 2022
    Senior citizens are the most prone to diseases. Considering the medical inflation in India, buying health insurance...
    Read more

    top
    Close
    Download the Policybazaar app
    to manage all your insurance needs.
    INSTALL