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Insurers

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Govt bats for loss-making insurers, seeks regulatory forbearance thumbnail

Govt bats for loss-making insurers, seeks regulatory forbearance

The government is in discussion with the insurance regulator Insurance Regulatory and Development Authority of India (IRDAI) seeking extension of special dispensation to the state-run general insurers for meeting solvency requirements. National Insurance Company Limited, Oriental Insurance Company Limited and the United India Insurance Company Limited are loss-making insurers. In the last two years, the…
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Insurers can't reject Covid claims for cocktail therapy thumbnail

Insurers can’t reject Covid claims for cocktail therapy

With cases of the Omicron variant of the coronavirus surging in India and specific medication still not available to fight the virus, many people are turning to antibody cocktail therapy. The cost of antibody cocktail therapy can be quite high. Keep this in mind, the Insurance Regulatory and Development Authority of India (Irdai) has instructed…
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