An exposure draft released by IRDAI has proposed to allow private equity (PE) funds to come in as promoters of insurance and reinsurance companies, with certain conditions, including that the…
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…
IRDAI is building a comprehensive portal for complaints redressal of policyholders. The portal is expected to be ready by the end of December this year, said Bejon Kumar Misra, Consumer…
The registration process of new companies has been eased by substantially reducing the time taken to process new applications from 6-8 months to two, Debasish Panda, chairman, IRDAI said. The…
Former members of the IRDAI fear that the regulator's proposal to grant flexibility to insurers on commissions might result in them passing on related costs to policyholders. Recently, IRDAI proposed…
Insurance regulator has proposed mandatory issuance of all insurance policies in electronic form. A senior insurance executive confirmed the development and said that this will be done through Insurance Repository…