IRDA in India

IRDA has imposed a fine of Rs. 2 lac on Metlife India Insurance for delay in issue of policy and violation of IRDA Guidelines.

IRDA has issued STANDARD INSTRUCTIONS AND GUIDELINES APPLICABLE FOR APPROVAL/RENEWAL OF AGENTS TRAINING INSTITUTES vide Ref: IRDA/AGTS/CIR/GLD/269/12/2011 dated 7th December 2011.

IRDA wide its circular has created a Declined Risk Pool for Act Only Commercial Vehicle Third Party Insurance with affect from 1.4.2012.

IRDA has issued orders for dismantling of the existing Indian Motor Third Party Pool with affect from 31.3.2012.

IRDA Regulations, 2011Issuance of Capital by Life Insurance Companies in India

The Insurance Regulatory and Development Authority (Insurance Brokers) Regulations, 2002 have laid down the functions of a Direct Broker in Regulation 3. Regulations 3(e) and 3(j) envisage that an insurance…

Order Of Insurance Regulatory And Development Authority against  National Insurance Co. Ltd. in the matter relating to complaint filed by M/S Abhinav Traders.

IRDA issues Standard instructions and guidelines applicable for approval/renewal of agents training institutes

In view of the demand, it has been decided to open the window for new accreditation of ATIs for private players from 1st January 2012 to 29th February 2012.

In a ruling that will bring relief to travel agents across India, the Insurance Regulatory and Development Authority (IRDA) has asked travel insurance companies to revert the credit risk and…