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Lok Sabha Clears Sabka Bima Sabki Raksha Bill Why in the News? The Lok Sabha passed the Sabka Bima Sabki Raksha Bill, 2025, amending key insurance laws to boost sector growth, strengthen policyholder protection, enhance regulatory transparency, and improve ease of doing business in India’s expanding insurance ecosystem. The bill also addresses concerns related to …
Read MoreWhy in the news? Irdai abolishes age limit on health insurance; ITC expands food tech business to Kolkata, Delhi, and Mumbai. source:slideserve About the Irdai Abolishes Age Restriction on Health Insurance: Regulatory Change: The Insurance Regulatory and Development Authority of India (Irdai) has removed the age restriction of 65 years on health insurance policies. Impact …
Read MoreWhy in the news? IRDAI permits general insurers to modify policy wordings, excluding motor third parties, aiming for customization and customer-centricity. source:scribd About the IRDAI’s Policy Change: The Insurance Regulatory and Development Authority of India (IRDAI) allows general insurers to alter wordings in corporate policy documents, excluding motor third parties. Changes include terms, conditions, clauses, …
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