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.
Applications are invited for the following posts in the Insurance Regulatory and Development Authority, Hyderabad
IRDA Circular In general, health insurance policies have specific exclusions for pre-existing diseases for a specified period of cover during the initial years. However, it has been observed that in…
All the insurers are required to comply with the File and Use procedure for each product that is being offered in the market.
Reference is invited to Clause No.12 of the Guidelines on "Outsourcing of Activities by Insurance Companies" issued vide Ref:IRDA/LIFE/CI R/GLD/013/02/2011 dated 15t February,2011, wherein it is stated that the guidelines…
INTRODUCTIONInsurers in India are increasingly using outsourcing, as a means of both reducing cost and accessing expertise, not available internally and achieving strategic aims. 'Outsourcing' may be defined as “Insurer’s…
Various general insurance companies are running health insurance schemes which are sponsored/subsidized by Central/State Government. However, the premium of such schemes are not paid upfront but paid at a later…
January 11, 2010, Mumbai: Edelweiss Tokio Life Insurance Company Limited, a joint venture between the Edelweiss Capital Limited (Edelweiss), one of India’s leading financial services conglomerates, and Tokio Marine, one…