"Insurance Regulatory and Development Authority of India (Transfer of Equity Shares of Insurance Companies) Regulations, 2015" establishes guidelines for the transfer and issuance of equity shares by insurance companies. Here’s…
17.06.2023 Cyclone Biparjoy (June 2023) is likely to have caused loss to property (homes and businesses) and infrastructure in various States. The Sector regulator IRDAI has issued instructions to all…
The PSUGeneral Insurance Companies are unlikely to get capital funding from the government in the current fiscal, a senior official said. He said one of the PSU non-life insurance companies…
Insurance companies may soon face goods and services tax (GST) audits as tax authorities plan a “deep dive” into their business practices to check for the possibility of a raft…
IRDAI is working towards making India a global reinsurance hub, Chairman Debasish Panda said. The IFSC Gift City in Gandhinagar can become the edifice on which the global reinsurance hub…
Insurance companies such as ICICI Lombard, Tata AIG, Cholamandalam and Oriental Insurance have returned to offer cover under PM Fasal Bima Yojana(PMFBY) this year. All these four insurance companies had…
IRDAI has asked insurance companies to lay down social media guidelines for their employees to ensure that no unverified or confidential information relating to the organisation is disseminated to the…
India plans to host the first state-sponsored global insurance summit later this year to flag challenges facing the industry, turn the global spotlight on Indian insurers and attract investments, an…
The General Insurance Council, the industry body of non-life insurers, is working towards creation of a common empanelment platform for hospitals . The objective of the platform is to make…
The four public sector companies now account for less than a third of the non-life insurance market after losing 2% share in FY23. While the private sector has gained, the…