The IRDAI may allow equity investment even in non-dividend paying companies to be included in the approved investment category subject to some conditions. This would increase the eligible universe of…
After penalising Max Life Rs 3 crore for its deal with Axis Bank, the IRDAI has imposed a Rs 2-crore penalty on the private lender. The penalty is in respect…
To bring ease of living for NPS retirees, the Insurance Regulatory and Development Authority of India (IRDAI) has relaxed the requirement of submitting a separate proposal form for taking the…
The Indian insurance sector, which is growing at 11 per cent CAGR for the last five years, the momentum is expected to continue and could lead India to become the…
IRDAI Chairman MrDebashish Panda hassaid that close to half the vehicles in the country continue to remain uninsured, which is a cause of worry. Speaking at the insurance summit in…
Bajaj Allianz General Insurance has posted its profit after tax at Rs 747 crore for the first half of 2022-23, against Rs 788 crore in H1 of 2021-22.Excluding tender-driven crop…
GST officers have detected Rs 824 crore tax evasion by 15 insurance companies, intermediaries and banks through issuance of fake invoices, officials said. Acting on specific inputs, GST Intelligence Officers…
A 43,200-crore insurance cover for the Russian-made Kudankulam nuclear power plant is in limbo as New India Assurance, the lowest bidder for the power producer's units 3 and 4, has…
Former Tata Sons chairman Cyrus Mistry’s death in a car accident has brought fresh focus to enhanced security in cars. Experts believe that following road safety measures and rules is…
The Supreme Court’s decision dismissing an appeal of Bajaj Allianz General Insurance Company against the Bombay High Court order asking it to compensate over 3.5 lakh farmers in Osmanabad for…