IRDA optimistic of double digit growth in this fiscal
IRDA expects that the industry to post a double-digit growth in business this fiscal. The growth will be spurred by an improvement in the country’s economic growth,…
IRDA may scrap proposal of bank tie up with insurance companies
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…
IRDA amends guidelines to stop switching from one plan to another of the same insurer
The same insurer cannot switch from one plan to another, as per the amended guidelines by the IRDA on standardisation in health insurance.
New norms for traditional insurance products from October: IRDA
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…
Amendment to Guidelines on Standardization in Health Insurance
This is issued in terms of Section 14(2) of IRDA Act 1999 and has reference to Circular ref: IRDA/HLT/CIR/036/02/2013 dated 20/02/2013 regarding Guidelines…
IRDA plans special focus on analytics
In a bid for better structuring and pricing for policies IRDA is planning special thrust on the use of analytics in the industry.
IRDA hopeful of early passage of the Insurance Bill
Transparency still continues to be the stumbling block when it comes to the insurance sector in India, said Sudhin Roy Chowdhury, member (life), IRDA at the 6th…
IRDA to get Member-Actuary
IRDA is likely to get a new Member Actuary with the Finance Ministry recommending a candidate in an interview held in Delhi recently.
Minimum death benefit for some non single premium product: IRDA
The IRDA has introduced a new category for the payment of minimum death benefit, under non-linked product regulations. In a circular issued today, the regulator said for…
IRDA slaps 20 lakh penalty on Aviva Life
The Insurance Regulatory and Development Authority (IRDA) has slapped a Rs 20-lakh penalty on Aviva Life Insurance Co India Ltd. The fine was imposed for payment of…