Performance Audit by CAG for PSU insurers
Insurance industry in India registered substantial growth after enactment of Insurance Regulatory Development Authority Act in 1999. This industry today functions in a highly competitive environment.
CA Institute signs MOU for Insurance against Professional Indemnity for CAs
CA. Amarjit Chopra, President, ICAI has signed an MOU with New India Assurance Co. Ltd. on 10th February 2011 extending facility for insurance against professional indemnity for members and CA…
Portability of Health Insurance Policies
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…
File and Use procedure for Insurance schemes sponsored by Governments
All the insurers are required to comply with the File and Use procedure for each product that is being offered in the market.
Exposure Draft on Amalgamation of Non Life Insurance Co.
Section 35 of the Insurance Act, 1938 lays down the framework for amalgamation and transfer of life insurance companies. However, a similar provision is not available in case of non-life…
UNITED INDIA INSURANCE RECEIVES SKOTCH FINANCIAL INCLUSION AWARD 2011
Shri G.Srinivasan,CMD,United India Insurance Company received “SKOCH Financial Inclusion Award 2011†from Shri K C Chakrabarty, Deputy Governor, Reserve Bank of India.
CMD, UNITED INDIA INSURANCE GETS ICON OF THE YEAR AWARD
The Institute Of Cost And Works Accountants Of India (ICWAI) presented the Icon Of The Year award to Shri G Srinivasan, CMD, United India Insurance for his
United India Insurance adopts village for financial inclusion
United India Insurance Company has taken various initiatives and the latest is “ADOPTION OF VILLAGE FOR FINANCIAL INCLUSIONâ€.
Committee on electronic issuance of insurance policies
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…
Guidelines on Outsourcing of Activities by Insurance Companies
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…