{"id":58717,"date":"2022-06-06T15:23:51","date_gmt":"2022-06-06T09:53:51","guid":{"rendered":"https:\/\/enterslice.com\/learning\/?page_id=58717"},"modified":"2022-09-13T17:42:11","modified_gmt":"2022-09-13T12:12:11","slug":"insurance-companies-can-now-introduce-products-without-prior-approval-irdai","status":"publish","type":"page","link":"https:\/\/enterslice.com\/learning\/whitepapers\/insurance-companies-can-now-introduce-products-without-prior-approval-irdai\/","title":{"rendered":"Insurance companies can now introduce products without prior approval: IRDAI"},"content":{"rendered":"<p>The Insurance Regulatory and Development Authority of India (IRADI) has permitted general insurance companies to create products without the need to take prior approval from the regulator as part of the new reforms introduced by the new IRDA chairman.<\/p>\n\n\n\n<p>The IRDAI has allowed the &ldquo;Use and File&rdquo; procedure for the products under the Health Insurance segment and for other general insurance products in order to promote insurance in India, and new norms are applicable from immediate effect. IRDAI Chairman Debasish Panda said that &ldquo;Companies will no longer need to first take approval from IRDAI before launching a<br>product. They can introduce it directly to the <a class=\"glossaryLink\"  aria-describedby=\"tt\"  data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;Market&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;A market is a structured environment, either physical or virtual, where buyers and sellers convene to trade goods and services. This trading hub operates based on the principles of supply and(...)&lt;\/div&gt;\"  href=\"https:\/\/enterslice.com\/learning\/terms\/market\/\"  data-gt-translate-attributes='[{\"attribute\":\"data-cmtooltip\", \"format\":\"html\"}]'>market<\/a> and then file it with us for monitoring or checking trends,&rdquo;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Insurance Regulatory and Development Authority of India (IRADI) has permitted general insurance companies to create products without the need to take prior approval from the regulator as part of the new reforms introduced by the new IRDA chairman. The IRDAI has allowed the &ldquo;Use and File&rdquo; procedure for the products under the Health Insurance [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":58719,"parent":15144,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"download-newsletter.php","meta":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v14.6.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>IRDAI: Insurance companies can now introduce products without prior approval<\/title>\n<meta name=\"description\" content=\"IRADI has permitted general insurance companies to create products without the need to take prior approval from the regulator as part of the new reforms.\" \/>\n<meta name=\"robots\" content=\"index, follow\" \/>\n<meta name=\"googlebot\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<meta name=\"bingbot\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterslice.com\/learning\/whitepapers\/insurance-companies-can-now-introduce-products-without-prior-approval-irdai\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"IRDAI: Insurance companies can now introduce products without prior approval\" \/>\n<meta property=\"og:description\" content=\"IRADI has permitted general insurance companies to create products without the need to take prior approval from the regulator as part of the new reforms.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterslice.com\/learning\/whitepapers\/insurance-companies-can-now-introduce-products-without-prior-approval-irdai\/\" \/>\n<meta property=\"og:site_name\" content=\"Enterslice\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/enterslice\" \/>\n<meta property=\"article:author\" content=\"enterslice\" \/>\n<meta property=\"article:modified_time\" content=\"2022-09-13T12:12:11+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/enterslice.com\/learning\/wp-content\/uploads\/2022\/06\/Insurance-companies-can-now-introduce-products-without-prior-approval-IRDAI-GANESH-1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"670\" \/>\n\t<meta property=\"og:image:height\" content=\"352\" \/>\n<meta name=\"twitter:card\" content=\"summary\" \/>\n<meta name=\"twitter:creator\" content=\"@enterslice\" \/>\n<meta name=\"twitter:site\" content=\"@enterslice\" \/>\n<!-- \/ Yoast SEO plugin. -->","_links":{"self":[{"href":"https:\/\/enterslice.com\/learning\/wp-json\/wp\/v2\/pages\/58717"}],"collection":[{"href":"https:\/\/enterslice.com\/learning\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/enterslice.com\/learning\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/enterslice.com\/learning\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/enterslice.com\/learning\/wp-json\/wp\/v2\/comments?post=58717"}],"version-history":[{"count":0,"href":"https:\/\/enterslice.com\/learning\/wp-json\/wp\/v2\/pages\/58717\/revisions"}],"up":[{"embeddable":true,"href":"https:\/\/enterslice.com\/learning\/wp-json\/wp\/v2\/pages\/15144"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterslice.com\/learning\/wp-json\/wp\/v2\/media\/58719"}],"wp:attachment":[{"href":"https:\/\/enterslice.com\/learning\/wp-json\/wp\/v2\/media?parent=58717"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}