Law commission Report: Legal reforms to combat road accidents
Law Commission Report: More than 100,000 Indians are dying every year in road accidents.More than a million are injured or maimed. Many years ago, a study found that road accidents…
IRDA: Syllabus for Training of Telecallers — Distance marketing of Insurance Products
Further to the guidelines on distance marketing of insurance products issued vide circular no. IRDA/Admn/GDL/Misc/059/04/2011 on 5.4.2011 and with reference to the provision 8 (ii) thereunder, the syllabus for pre-recruitment…
Solvency Margin of Non-life Insurance Companies in respect of Motor TP Pool
The Authority vide its Circular No. 063/IRDA/F&A/Mar-07 dated March 29, 2007 on “Solvency margin in respect of Motor TP Pool†has defined the term “Gross†in respect of Motor Pool…
Proposed amendments to IRDA (Investment) Regulations 2008
The Authority after notification of IRDA (Investment) (4th Amendment) Regulations, 2008 and after mandating the minimum requirements in respect of Investment Risk Management Systems & Process and Internal / Concurrent…
Insurance Institute of India- Important information for candidates appearing in Oct 2011 exam
Insurance Institute of India has announced some important informations for candidates appearing in various exams of III in October/November 2011 examination.
FAQ’S on ULIP’s
Unit linked guidelines were notified by IRDA on 21st December 2005. The main intent of the guidelines was to ensure that they lead to greater transparency and understanding of these…
Various Charges applicable in a Unit Linked Policy ( ULIP )
1. Premium Allocation Charge: 1.1 This is a percentage of the premium appropriated towards charges from the premium received. The balance known as allocation rate constitutes that part of premium…
Terminology of ULIP products
Terminology 1. Sum Assured: Sum assured is the guaranteed amount, net of permissible partial withdrawals (as per para 1.3.1 & 8.2), of the benefit that is payable on death of…
Government approves 26% stake sale of Reliance life insurance to Nippon
The government has allowed Anil Dhirubhai Ambani Group firm Reliance Life Insurance to sell 26% stake to Japan's largest life insurer Nippon Life Insurance.
New India Assurance chairman M Ramadoss suspended
The government has suspended New India Assurance chairman M Ramadoss for alleged violations in issuing insurance cover to an airline during his stint as head of Oriental Insurance during the…