In order to further cut compliance burden for insurance companies, regulator IRDAI rationalised health insurance business returns reporting norm by reducing the number of returns that need to be filed…
IRDAI has mandated dematerialisation of new insurance policies by this year-end. It has urged all insurance companies to dematerialise their existing or old policies by December-end, industry experts have said.…
IRDAI proposal to put a lower cap of 20% on commissions and remunerations paid to agents and intermediaries under both life and non-life products could lead to faster growth of…
The finance ministry is contemplating changes in insurance laws, including reduction in minimum capital requirement, with a view to increasing the insurance penetration in the country. Insurance penetration in India…
The government is considering creating a Serious Fraud Investigation Office (SFIO)-like independent agency for the insurance sector to probe cases of fraud. For the purpose, work is in progress to…
IRDAI may soon come up with a new norm with respect to changing an insurance agent. In order to enhance customer experience, and make services better and more convenient for…
LIC is currently the 11th most valued listed Indian companyin India. Earlier it was among the top 10 most valued Indian companies by market capitalisation. LIC, which made its debut…
LIC has launched a New Pension Plus plan. According to the state-run company, LIC New Pension Plus is a non-participating and unit-linked pension plan. The plan is suitable for young…
The government and life insurer LIC, which together own 94.71 per cent stake in IDBI Bank, are weighing in on selling at least 51 per cent stake in the lender,…