Despite a parliamentary standing committee’s firm stand against hiking the 26% foreign direct investment cap in insurance, the government has decided to approach Parliament with its original proposal to hike…
Various stakeholders have been requesting the Authority to consider sub broking system as prevalent in other jurisdictions. At present many insurers and brokers are mainly operating in and around big…
Health insurance addresses a major area o f public concern. Although it is rapidly growing, access to health insurance still remains limited and add to it complaints especially due to…
The government   appointed T S Vijayan, 60, as the new chairman of the Insurance Regulatory and Development Authority (IRDA). Vijayan’s appointment was cleared by the Prime Minister’s Office last week…
Fair trade regulator CCI has given the green signal to battery maker Exide Industries Ltd's proposal to fully acquire ING Vysya Life Insurance Company, saying the deal will not adversely…
The life insurance industry continues to face the menace of mis-selling. Even the finance minister publicly admonished insurers on the practice. The industry recorded a degrowth of insurance premium in…
The Insurance Regulatory and Development Authority or IRDA, recently, issued guidelines to standardize health insurance in India. The guidelines will standardize definitions of 46 terms that are commonly used in…
An IRDA appointed panel favoured the appointment of sub-brokers for selling insurance products so as to increase penetration in the rural and semi-urban markets.
Around 8,300 patients at the Government Stanley Hospital have benefited under the Chief Minister’s comprehensive health insurance scheme in the first year of its introduction.
Swiss Re has delivered a net income of USD 4.2 billion for 2012. The result was driven by very strong profitability in Property and Casualty Reinsurance and an excellent investment…