Regulatory Push: IRDAI’s two-day brainstorming session with insurers begins in Hyderabad
Hyderabad: The Insurance Regulatory and Development Authority of India (IRDAI) will be having brainstorming discussions with the captains of the insurance industry for two days from Thursday in Hyderabad. 

Loans bundled with insurance products by SFBs under scrutiny
Mumbai: As a first step to crack down on the mis-selling of insurance products, the banking and insurance regulators are questioning the need to forcefully bundle life insurance products with loans offered by small finance banks (SFBs).

Tata AIA Life achieves milestone of ₹1 lakh crore in AUM
Tata AIA Life Insurance (Tata AIA Life), a private life insurer, has crossed ₹ 1-lakh crore in Assets under Management (AUM).  It has doubled its AUM from ₹50,000 crore (Aug 2021) to ₹1,00,000 crore in less than three years. This increase has been aided by strong Individual New Business premium (IWNBP) income growth and superior investment performance.

SBI General Insurance result: Net profit jumps 30.4% to Rs 240 cr in FY24
The non-life subsidiary of State Bank of India had recorded a net profit of Rs 184 crore in the previous financial year.

Got it all Wrong! IRDAI move doesn’t mean age cap of 65 for buying health insurance removed – Know why
The Insurance Regulatory and Development Authority of India (Irdai) recently announced a policy update, saying health insurance companies must offer products catering to all age groups. This move was misinterpreted as the regulator removing the age cap for buying health insurance.

Door opens for senior citizens to get health insurance: What they should do

What does this mean?

What is moratorium period in health insurance?
Moratorium period is also referred to as the look-back period in insurance. This is a safeguard clause built-in for the policyholders. Once the moratorium period is over, insurers cannot reject a claim on the grounds of non-disclosure, or misrepresentation. Insurers have to establish a case of fraud to reject a claim.

EPF Interest for FY24: When will employees’ provident fund interest be credited? Here’s what EPFO has to say
The Employees’ Provident Fund Organisation (EPFO) announced the interest rate on employees’ provident fund for FY2023-24 in February. The retirement fund body raised the interest rate by 10 basis points (bps) to 8.25% for the last fiscal year, 8.15% in the preceding year. This is the highest interest rate on EPF deposits in the last three years.

AMFI knocks on SEBI doors to resolve KYC impasse
Mumbai: The Association of Mutual Funds in India (AMFI) has held multiple rounds of discussions with the Securities and Exchange Board of India (SEBI) to clear the logjam arising out of the validation of investor KYC records. This is in addition to separate talks held by individual fund houses and distributors with the regulator on the issue.