The Insurance Regulatory and Development Authority of India (IRDAI) has introduced new regulations on commission payments to intermediaries and expenses of management for general and health insurance companies. While the Payment of Commission Regulations, 2023, removes previous caps on payments, the Expenses of Management (EOM) Regulations, 2023, allows for additional expenses related to foreign and IFSC branches, Insurtech, and insurance awareness. The new regulations issued by the Insurance Regulatory and Development Authority of India (IRDAI) will be effective from April 1. Under the EOM Regulations, 2023, general insurance companies can work with EOM up to 30% of gross premium written, while insurers carrying on standalone health insurance business are allowed to go up to 35% of gross premium written. The objective of these regulations is to provide the insurers the flexibility to manage their expenses based on their growth aspirations and the ever-changing insurance needs with an objective to improve insurance penetration.
What is the age threshold for senior individuals covered by the Ayushman Bharat Pradhan Mantri Jan Arogya Yojana (AB PM-JAY)?
Which of the following are the national and official language of India respectively?
The index-based market-wide circuit breaker system does not apply at one of the following movement of the index
World Economic Forum (WEF) launched Global Cybersecurity Centre at:
'Harbour waves' are known as __________, in Japanese language.
In which Indian state is Mouling National Park located?
In what year was the Khalsa Panth founded by Guru Gobind Singh?
During the reign of which king did Akbar send a team to find out the source of origin of Ganga?
Which of these statements correctly describe the state of horticulture in India during 2022-23?
(I) India's horticulture production in 2022-23 is...
Which one of the following is not an Indus valley Civilization Site?