Banks line up Additional tier plans after IRDAI opens door to insurers
Lenders from Bank of Baroda to State Bank of India are lining up plans to raise about Rs 10,000-15,000 crore in the next two months through additional tier-1 bonds, according…
IRDAI allows insurers to empanel hospitals
In a bid to enhance the scope for offering cashless facility in health covers across the country, IRDAI has now allowed the insurers to empanel the hospitals that meet the…
IRDAI in favour of insurers in SLBC
The Insurance regulator has proposed the involvement of insurance companies at the state level and a big hike in the premium collection target in the next five years to deepen…
IRDAI cautions insurers against loading up on bonds of HDFC Cos
India’s insurance regulator has advised insurers against loading up on the bonds of HDFC Group companies, saying details on permitted exposure thresholds must await the effective amalgamation date for what’s…
IRDAI asks insurers to adopt states to boost reach
IRDAI has asked Insurance companies to take a leaf from the banking industry’s strategy for inclusion by companies adopting individual states as lead insurers. IRDAI has also set goals in…
IRDAI sets up task forces to suggest steps to resolve insurers’ issues
IRDAI said it has set up two task forces to suggest steps to sort out issues between insurers and re-insurers. The decision by the IRDAI follows meetings with representatives of…
Life insurers may soon sell health insurance
IRDAI is planning to allow life insurance companies to offer full-fledged health insurance policies, two people with direct knowledge of the plans said, in a move that will likely reduce…
Top brass selection of PSU insurers stuck
The selection process of top officials of public sector insurance companies is in limbo in the wake of the Delhi High Court decision to strike down the power of Banks…
Rise in rates will partially offset underwriting losses for insurers
The recent increase in the premium rates on third-party motor insurance is unlikely to fully offset the motor insurance segment’s underwriting losses, Crisil Ratings said in a report. The premium…
IRDAI working group suggests relaxing investment norms for insurers
A panel formed to suggest overhaul of the general insurance industry has recommended that insurers relax investment rules, such as permitting investment in Additional Tier-1 (AT-1) bonds of banks, removing…