Reference is invited to the provisions of Section 64 VB of Insurance Act,1938 and the circular ref: IRDA/Life/Misc/Cir/06/05/2015 dated 17th May 2015 on the issue of acknowledgements on collection of premiums.…
Toffee Insurance, an all-digital insurtech company, has joined hands with Wildcraft, an Indian outdoor and adventure products brand to introduce bag insurance for the first time in India. Toffee Insurance’s…
CIRCULAR To. All the Insurers & Insurance Intermediaries Re: Clarification on outsourcing activities undertaken by Insurance Web Aggregators and remuneration payable. The Authority is in receipt of queries from insurance…
The re-insurance premium paid to foreign re-insurers before amendments to the Insurance Act in 2014 by an Indian insurer cannot be considered as business expenditure, the Chennai Bench of the…
HDFC Standard Life Insurance, ICICI Prudential Life Insurance and SBI Life Insurance, the three in the segment from the private sector, reported healthy results at the operating level for the…
Reliance General Insurance, plans to file fresh documents with the Sebi to float an initial share sale as the regulatory approval for the insurer’s IPO is going to lapse this…
The Supreme Court has made it categorical that only BS VI-compliant vehicles will be sold in India from April 1, 2020. This means that the current fleet of BS IV…
IRDAI is working on mechanism to return Rs. 15,000 crore of unclaimed deposits lying idle with life insurers. For amounts stuck in pension schemes, IRDAI has asked life insurers to…
GIC Re posted a 63.8 per cent drop in its net profit to Rs. 513.84 crore for the second quarter of the fiscal due to higher underwriting losses. Its net…
The Authority had issued the following circulars with regard to the captioned matter: Circular Ref: IRDAI/NL/CIR/MOTP/158/09/2018 dated 20th September, 2018. Circular Ref: IRDA/NL/CIR/MOTP/170/10/2018 dated 9th October, 2018. 2. Feedback has been received…