IRDA NEWS: IRDA asks TPA’s to restrict their services to insurance sector
As per a circular issued by IRDA, The Third Party Administrators (TPAs) in health insurance will now have to are strict their services only to an insurance company.
Online examinations for licentiate Examination of Insurance Institute of India
Online examinations are being introduced for Licentiate level of Insurance Institute of India. These examinations will be held in all major metro's.
Follow latest Insurance News and updates on Twitter
Now get the latest developments in insurance, latest insurance news,and other updates on insurance on Twitter. You can now keep yourself updated even if you are on the move. Follow…
Consumer Grievance Redressal cell for MACT launched in Kochi
Four public sector Insurance companies recently launched a Common Mechanism for Compromise Settlement of Motor Third Party Claims centre recently, with plans to open 50 such centres all over India…
Insurer cannot arbitrarily refuse to grant of renewal of (Mediclaim) health insurance policy.
Supreme Court in the case of Biman Krishna Bose versus United India Insurance & Anr. has ruled that the insurer cannot arbitrarily refuse to grant of renewal of health insurance…
LIC NEWS: LIC celebrates foundation day
The Life Insurance Corporation of India (LIC) celebrated its “55th Foundation Day†on 1st September amid much fanfare.
STAR UNION DAI-ICHI REGISTERS HIGHEST GROWTH RATE IN PREMIUM
Star Union Dai-ichi Life Insurance Co. Ltd. (SUD Life), a Joint Venture of Bank of India, Union Bank of India, and The Dai-ichi Life Insurance Co. Ltd., Japan, has registered…
IRDA: Syllabus for Training of Telecallers — Distance marketing of Insurance Products
Further to the guidelines on distance marketing of insurance products issued vide circular no. IRDA/Admn/GDL/Misc/059/04/2011 on 5.4.2011 and with reference to the provision 8 (ii) thereunder, the syllabus for pre-recruitment…
Solvency Margin of Non-life Insurance Companies in respect of Motor TP Pool
The Authority vide its Circular No. 063/IRDA/F&A/Mar-07 dated March 29, 2007 on “Solvency margin in respect of Motor TP Pool†has defined the term “Gross†in respect of Motor Pool…
Proposed amendments to IRDA (Investment) Regulations 2008
The Authority after notification of IRDA (Investment) (4th Amendment) Regulations, 2008 and after mandating the minimum requirements in respect of Investment Risk Management Systems & Process and Internal / Concurrent…