Life insurers asked to submit data: IRDA
The sectoral regulator IRDA has asked life insurance companies to submit data for the last four years to the Insurance Information Bureau (IIB) so that it could prepare standardised reports…
E-mail spoofing using the domain irda.gov.org
From IRDA: It has come to our notice that certain unscrupulous entities/persons have allegedly attempted to cheat the policy holders of some insurance companies by impersonating as representatives/officials/employees of the…
IRDA initiates study for group insurance policies
Insurance Regulatory and Development Authority of India has initiated a study regarding the subsidization of premium for group insurance policies. The insurance regulator said a number of complaints have…
Finance Ministry cancels IRDA order withdrawing third-party pool
The finance ministry has rescinded the insurance regulator's decision to withdraw third party insurance pool. The move will give a temporary benefit to the transport operators ahead of the general…
IRDA forms working group for simple products in general insurance
IRDA has formed a working group to review 'File & Use' (F&U) guidelines to ensure availability of simple products in the general insurance category. The Insurance Regulatory and Development…
IRDA may ask life insurers to tie up with repositories
The Insurance Regulatory and Development Authority is likely to make it mandatory for life insurance companies to tie up with all five insurance repositories. The insurance repository system lets…
Govt to form nuclear insurance pool to address liability issue
Moving to address the liability issue that has held up deals with various countries, the government has decided to form a Nuclear Insurance Pool which will have a number of…
Insurance Ombudsman post in kolkata vacant since long
Insurance Ombudsman post in Kolkata lying vacant since long Insurance policyholders in the eastern region, have been suffering for last 8 months to get their grievances heard. The ombudsman post…
GROSS DIRECT PREMIUM UNDERWRITTEN FOR THE MONTH OF FEBRUARY, 2014 IN INDIA
INSURANCE REGULATORY AND DEVELOPMENT AUTHORITY FLASH FIGURES -- NON LIFE INSURERS GROSS DIRECT PREMIUM UNDERWRITTEN FOR AND UPTO THE MONTH OF FEBRUARY, 2014 (` in Crores) (` in Crores) …
Panel to update syllabus for insurance brokers by IRDA
In an effort to cut down unauthorized and unqualified personnel's involvement in solicitation process at some of the insurance broking firms, the Insurance Regulatory and Development Authority…