Report of the Committee on Bancassurance
The IRDA had constituted a Committee on Bancassurance vide Order No. IRDA/AGENTS/ORD/02/APR 2009 dated May 4, 2009 to study the distribution of insurance products through Banks.
The IRDA had constituted a Committee on Bancassurance vide Order No. IRDA/AGENTS/ORD/02/APR 2009 dated May 4, 2009 to study the distribution of insurance products through Banks.
Objective and Utilization of Insurance Repository The objective of creating an insurance repository is to provide policyholders a facility to keep insurance policies in electronic form and to undertake changes,…
Kolkata-based NBFC, Magma Fincorp, said it has received the first phase of licence from the insurance regulator to enter the general insurance space through Magma HDI General Insurance.
These Guidelines are issued in exercise of the powers conferred upon the Authority under Section 14(1) of the IRDA Act, 1999 to protect the interests of the policyholders and to…
IRDA CIRCULAR: Reference is invited to circulars ref. IRDA/CAD/GDL/AGN/016/02/2011 dated 11th February, 2011& IRDA/CAD/GDL/AGN/016/02/2011 dated 14th February, 2011 prescribing guidelines relating to individual agents in respect of life insurance and…
The use of internet is growing rapidly in India. Buyers of Insurance products increasingly access / visit websites to know the features and to compare prices of the products offered…
The IRDA had conducted an audit of the Third Party Motor Insurance Pool and has established that the pool reserves have to be significantly augmented in order to meet the…
Reference is drawn to circular ref. IRDA/CAD/GDL/AGN/016/02/2011 dated 11th February, 2011 prescribing certain guidelines relating to individual agents in respect of life insurance, which, among others, include prescription of minimum…
Low Persistency of life insurance policies is a cause of concern for the Insurance Regulators worldwide , the Industry, Intermediaries and the Policyholders. Early lapses and surrenders are not desirable…
IRDA has imposed penalty of Rs. 5 lacs on Central bank of India for violating provisions of IRDA Act.