Insurance Regulatory And Development Authority Of India

IRDAI imposes Rs 5 crore fine on Policybazaar for regulatory violations

IRDAI imposes Rs 5 crore fine on Policybazaar for regulatory violations

05 Aug 2025, 12:44 PM

A major violation involved the company's failure to inform regulators about key leadership personnel holding board positions at other firms.

Ajay Seth appointed as new IRDAI chief

Ajay Seth appointed as new IRDAI chief

29 Jul 2025, 13:04 PM

Ajay Seth's most recent role was as finance secretary, preceded by his tenure as secretary in the Department of Economic Affairs.

Go Digit founder-backed Valueattics becomes first private player to get reinsurer licence

Go Digit founder-backed Valueattics becomes first private player to get reinsurer licence

17 Mar 2025, 20:11 PM

As of now, state-owned General Insurance Corporation of India (GIC Re) is the only reinsurer in the country.

Fintech Highlights

  1. AU Small Finance Bank gets RBI's in-principle nod for universal bank licence

  2. Rainmatter invests in former Zerodha advisor floated company

  3. DPDzero secures $7 million in Series A led by GMO Venture Partners

  4. Zype bags Rs 90 crore in Series B funding

  5. Paytm employees see single-digit remuneration hike; headcount falls 10%
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AI/Emerging Tech

  1. Google launches personal learning companion tool in Gemini

  2. Ex-Tesla executives launch AI startup DensityAI

  3. Amazon hosts OpenAI models on AWS for first time

  4. Perplexity acquires Invisible to help scale Comet

  5. OpenAI introduces two open-weight AI reasoning models
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  3. RBI vs Government: The battle over India’s digital payments ecosystem explained