 Seeking to target high net worth customers, private insurer IDBI Federal Life insurance Company Limited announced the launch of their wealth-building plan, IDBI Federal Wealthsurance Premier Insurance Plan. The…
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,…
Star Union Dai-Ichi Life Insurance Co. Ltd., a Joint Venture of Bank of India, Union Bank of India, and The Dai-Ichi Life Insurance Co. Ltd., Japan, has completed 26 months…
IRDA CIRCULAR: The pay revision of the officers and employees has been carried out by the Public Sectors Insurance companies in the year 2010-11 and Government by Gazette, Notification dated…
IRDA CIRCULAR: The Authority refers to the Exposure Draft on Review of Motor Insurance Premium rates for Third Party Liability Cover dated 4th January 2011, which was published in its…
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…
Royal Sundaram Alliance Insurance Company Ltd (www.royalsundaram.in ), the first private sector general insurance company to be licensed in India, announced expansion in its distribution network by opening three new…
Since the global financial crisis in 2008, capital injections into Indian life insurance companies have fallen off significantly. The level of capital injections dipped from Rs.8,170 crores in FY2008-09, to…