With the bust of the Saradha scam, the Insurance Regulatory Development Authority has come out with more stringent guidelines to prevent them from marketing ponzi schemes. The guidelines state that…
Sudhin Roy Chowdhury, Member (Life) IRDA recently said that the final guidelines on bancassurance are likely to be out in the month of August.. "We have debated and redebated and now…
IRDA has recently cautioned public that claims of insurance cover made by courier companies are false, as these firms do not have the permission or authority to offer insurance cover. The…
With Financial Services Secretary Rajiv Takru communicating to the IRDA that the proposal to have a zone-wise tie-up with banks will be very messy, the insurance regulator may scrap the…
IRDA has proposed to permit insurance companies to deal with financial derivatives with 10 years duration. As per existent rules, insurers are permitted to enter Forward Rate Agreements (FRAs), Interest…
The new norms for traditional insurance products will come into force from October 1 this year. However, the norms would not impact the industry, said T S Vijayan, Chairman of…
In a move to allow the government tap into the huge resources of insurance companies and ensure long term investments through the ETF mode, the insurance sector…
The Insurance Regulatory and Development Authority (IRDA) recently said no agent / corporate agent can seek transfer from one insurer to another within one year of grant…
IRDA recently said that insurance companies could enter into service – level agreement with one or more insurance repositories that have been granted certificate of registration.
The IRDA chairman T.S. Vijayan said recently that the regulatory requirement of the life insurance industry to re-file all existing products will not impact its growth this…