IRDA may set minimum cover for all life products
All life insurance products may soon have to offer a minimum amount of cover, as mandated by the Insurance Regulatory and Development Authority (Irda).
Sebi in talks with RBI, Irda for common KYC norms
Securities and Exchange Board of India (Sebi)Â said it was in talks with other regulators, including RBI and Irda, for common know-your-customer norms for the financial sector.
Regulations for Standard Proposal form in Life Insurance
IRDA CIRCULAR: This is in continuation of the consultation process involving a Discussion Paper dated 18th June, 2010 regarding prescribing standards for Needs Analysis in Life Insurance and the Exposure…
Dismantling of Indian Motor Third Party Insurance Pool [IMTPIP], Loss Reserve, Solvency and Accounting issues
IRDA has in terms of its Order IRDA/NL/ORD/MPL/277/12/2011 dated 23.12.2011 and IRDA/NL/ORD/MPL/003/01/2012 dated 3rd January, 2012 directed dismantling of the existing IMTPIP with effect from March 31, 2012 and has…
Methodology for Transfer of Risks amongst Members of Indian Motor Third Party Declined Risk Insurance Pool
Methodology for tranfer of risks under Indian Motor Third Party Declined Risk Insurance Pool .....
IRDA hikes third-party motor premium rates by 5-20%
The Insurance Regulatory Development Authority (IRDA) is set to raise premium rates for third-party motor insurance policies by up to 20 per cent for 2012-13.
IRDA cancels Corporate Insurance Agency license of Rose Valley Chain Marketing
IRDA has cancelled the corporate agency license of Rose Valley chain marketing system. Rose Valley was a corporate agent of LIC. Rose Valley was under the scanner of IRDA since…
IRDA issues exposure draft for servicing ORPHAN Policies
Introduction: Insurance agents are the most important channel of intermediation in the insurance business in India. Recognizing the importance of the agents in the procurement and servicing of insurance policies,…
IRDA NEWS: IRDA fines Sahara India Life Insurance Rs.12 lakh for violation of IRDA Regulations
Sahara India Life Insurance has been reprimanded by IRDA for continuous violation of IRDA Regulations on several counts. Though the company has been let off with fine and warning but…
IRDA News: Irda wants cap on sum assured on life insurance policies
Insurance Regulatory and Development Authority (Irda) has proposed to set a maximum limit for sum assured on life insurance policies. The move is to ensure that insurers take on the…