Month: February 2011

All the insurers are required to comply with the File and Use procedure for each product that is being offered in the market.

Section 35 of the Insurance Act, 1938 lays down the framework for amalgamation and transfer of life insurance companies. However, a similar provision is not available in case of non-life…

Shri G.Srinivasan,CMD,United India Insurance Company received “SKOCH Financial Inclusion Award 2011” from Shri K C Chakrabarty, Deputy Governor, Reserve Bank of India.

The Institute Of Cost And Works Accountants Of India (ICWAI) presented the Icon Of The Year award to Shri G Srinivasan, CMD, United India Insurance for his

United India Insurance Company has taken various initiatives and the latest is “ADOPTION OF VILLAGE FOR FINANCIAL INCLUSION”.

Spontaneous Combustion is nitpicky issue in Fire insurance. It is a matter of great concern for industries that deal with substances that are prone to spontaneous combustion like

Reference is invited to Clause No.12 of the Guidelines on "Outsourcing of Activities by Insurance Companies" issued vide Ref:IRDA/LIFE/CI R/GLD/013/02/2011 dated 15t February,2011, wherein it is stated that the guidelines…

LIC has launched two new Non linked plans Bima Account I and Bima Account II. These are the first Variable Insurance Plans under the new IRDA regime.

INTRODUCTIONInsurers in India are increasingly using outsourcing, as a means of both reducing cost and accessing expertise, not available internally and achieving strategic aims. 'Outsourcing' may be defined as “Insurer’s…

IRDA CIRCULAR: Authority vide Circular No. IRDA/F&A/CIR/49/Mar-09 dated March 24, 2009 had relaxed the requirement of Section 64(1)(ii)(b) of the Act for computation of Reserve for Unexpired Risk for Health…