The Stronghold of Insurance Grievance Redressal Mechanism
Managing grievances or complaints is one of the top priorities among all private and public sector companies these days; in fact it is the ‘key’ to the growth of any…
Decoding IRDA’s registration of branch offices of foreign reinsurers’ regulations:
Insurance in India has been a very old concept, traces of its existence can even be found in the Manusmriti, Dhramashasstra, Chanakya’sArthshastra and their likes. The government of India has…
“GST” IMPACT ON THE INSURANCE INDUSTRY
At the stroke of midnight on July 1, 2017, the most anticipated and a highly debated Goods and Services Tax (GST) was launched in India. The central tax reform witnessed…
Data for calculation of Motor TP Obligations for the FY 2017-18
Data for calculation of Motor TP Obligations for the FY 2017-18 Insurer FY 2016-17 (Rs. in crores) Motor OD GDP Motor Third Party…
THE STRATEGIC REVIEW OF THE FUNCTIONING OF INSURANCE REGULATOR OF INDIA
PREFACE The reforms in the insurance industry since 2001 have been significant. The reform agenda has been driven by several stakeholders and across several dimensions: The IRDAI has issued scores…
LIC bids for at around Rs.7000cr shares of GIC Re
Life Insurance Corp. of India has put in a major bid for shares of reinsurer General Insurance Corp. of India Ltd (GIC Re), in the latter's ongoing initial public offering…
Reliance Nippon Life gets Sebi nod for Rs.2,000-crore IPO
Reliance Nippon Life Asset Management Ltd has received the in principle approval from Sebi for its estimated Rs 2,000 crore initial public offer. The Anil Ambani-led Reliance Group firms IPO…
National Insurance Company seeks IPO nod from IRDA
National Insurance Co. Ltd has sought permission from IRDA for its maidan IPO for a share sale that may value the company at Rs 25,000 crore. The company has approached…
BUILDING A ROBUST AND RESILIENT INSURANCE OMBUDSMAN SYSTEM
The concept of Ombudsman began in Sweden where an independent executive was appointed by the government to look into the disputed matters of the citizens. Generally ombudsman is a person…
SUSTAINABILITY & FEASIBILITY OF COMMON SERVICE CENTERS IN INDIA
Life and non-life insurers are now marketing some categories of their retail products through common service centres network of CSC e-Governance Services India Ltd. The Insurance Regulatory and Development Authority…