After the Department of Financial Services' (DFS) intervention, Insurance Regulatory and Development Authority of India (IRDAI) is preparing to send a show cause notice against insurance companies.

Insurance watchdog IRDAI has discovered serious lapses in the claim settlement practices of stand-alone health insurer Star Health and Allied Insurance, according to CNBC-TV18. While the official ...

For insurers that sell policies with guarantees or long-dated commitments, persistently low returns also compress margins and reduce flexibility in product design, industry executives said. IRDAI may ...