IRDA News: Life insurer’s premium mop-up drop 3.45 pc in Apr-Oct
Premium collected by life insurance companies dropped 3.45 per cent in the April-October period due to various factors that are influencing the financial sector as a whole. As per the…
Insurance premium collection down 4.2% at Rs 46,963 crore in H1
The total premium collections of the life insurance industry in the country have gone down by 4.2 per cent in the first six months of the current fiscal to Rs…
IRDA NEWS:IRDA asks health insurers for indicative premiums for five years on new products
The Insurance Regulatory and Development Authority (IRDA) has asked health insurance companies to indicate premium to be paid by the policyholder in the first five yearswhile filing new products for…
IRDA NEWS: IRDA draft on paint material may bring down motor premium
The exposure draft of IRDA (Insurance Regulatory and Development Authority) has proposed to include paint material in the list of items which have depreciation rates. The move is aimed at…
IRDA NEWS:IRDA to set up new system to enhance health services: Reports
To prevent over-billing by hospitals, the insurance regulator is working on a system to capture data with regard to health insurance systems and entire medical process and billing claims, according…
IRDA NEWS:IRDA prescribes time limits for filing Referral applications
After the Insurance Regulatory and Development Authority (IRDA) rolled out the Sharing of Database Regulations, 2010, all insurance companies have been filing applications for approval of referral entities with IRDA.…
IRDA News: Increase in agents commissions & reduction in surrender value
The Insurance Regulatory and Development Authority (IRDA)—in its draft norms for traditional products—has proposed an increase in  agents’ commissions and a reduction in surrender value of policies. Surrender value the amount…
IRDA News: Insurance FDI may lure Rs 30k cr: IRDA
The increase in FDI limit in the insurance sector may attract Rs 30,000 crore that  the industry requires over the next five years, Insurance Regulatory and  Development Authority (IRDA) has…
IRDA News: Highlights of the Insurance Amendment Bill 2012
Some major highlights of the Insurance Amendment Bill are as below:- 1. FDI has been hiked to 49% which will allow foreign companies to increase their stake in Indian joint…
IRDA welcomes Statement of the Hon’ble Finance Minister on issues regarding the life insurance industry
In brief, the various issues relating to direct taxes and service tax on which the Ministry of Finance assured further examination by the CBDT and the CBEC will be of…