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With effect from 1 April 2024, IRDAI has removed the age limit for purchasing health insurance policies.Earlier, 65 years was the age limit for buying new health insurance policies [6] IRDAI is a 10-member body including the chairman, five full-time and four part-time members appointed by the government of India.
The IBAI is the sole representative body of licenesed insurance brokers recognised by the Insurance Regulatory and Development Authority of India (IRDAI). [3] As per the Insurance Brokers' Regulations 2002 issued by IRDAI and as amended from time to time (last amended in 2018) it is mandatory for all licensed Brokers to be member of IBAI.
The Insurance Repository in India is a database of insurance policies.It allows policy holders to make revisions to a policy. It launched on 16 September 2013. It is the world's first of its kind.
The company's overall operational performance resulted in an operational loss of ₹ 2,604.12 crore (US$300 million) in 2022-23 as against ₹ 3,025.25 crore (US$350 million) in 2021-22, thus recording a decrease of ₹ 421.13 crore (US$49 million).
Measuring Instruments (EEC Initial Verification Requirements) (Fees) (Amendment) Regulations 1986 S.I. 1986/1043; Occupational Pension Schemes (Disclosure of Information) Regulations 1986 S.I. 1986/1046; National Assistance (Charges for Accommodation) (Scotland) Regulations 1986 S.I. 1986/1050
In response to the lack of medical privacy, there was a movement to create better medical privacy protection, but nothing has been officially passed. The Medical Information Bureau was thus created to prevent insurance fraud, yet it has since become a significant source of medical information for over 750 life insurance companies; thus, it is ...
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Income Computation and Disclosure Standards (ICDS) were issued by the Government of India in exercise of powers conferred to it under section 145(2) of The Income Tax Act, 1961. The Ministry of Finance published 14 draft ICDS, out of which 10 ICDS were notified by the government on 31 March 2015. The government specified a deferment of one year ...