IRDA releases M&A guidelines for general insurance companies
The Insurance Regulatory and Development Authority (Irda) today released regulatory guidelines for mergers and acquisitions (M&As) for non-life insurance companies.
Report of the Committee on Bancassurance
The IRDA had constituted a Committee on Bancassurance vide Order No. IRDA/AGENTS/ORD/02/APR 2009 dated May 4, 2009 to study the distribution of insurance products through Banks.
Guidelines on Insurance repositories and electronic issuance of insurance policies
Objective and Utilization of Insurance Repository The objective of creating an insurance repository is to provide policyholders a facility to keep insurance policies in electronic form and to undertake changes,…
IRDA issues guidelines for Accounting Treatment of Enhanced Provision of Gratuity
IRDA CIRCULAR: The pay revision of the officers and employees has been carried out by the Public Sectors Insurance companies in the year 2010-11 and Government by Gazette, Notification dated…
Guidelines on Distance Marketing of Insurance Products
These Guidelines are issued in exercise of the powers conferred upon the Authority under Section 14(1) of the IRDA Act, 1999 to protect the interests of the policyholders and to…
GUIDELINES PERTAINING TO AGENTS
IRDA CIRCULAR: Reference is invited to circulars ref. IRDA/CAD/GDL/AGN/016/02/2011 dated 11th February, 2011& IRDA/CAD/GDL/AGN/016/02/2011 dated 14th February, 2011 prescribing guidelines relating to individual agents in respect of life insurance and…
Exposure Draft on Guidelines on Web Aggregators from IRDA
The use of internet is growing rapidly in India. Buyers of Insurance products increasingly access / visit websites to know the features and to compare prices of the products offered…
Insurance Companies advised to increase contribution to Motor TP Pool
The IRDA had conducted an audit of the Third Party Motor Insurance Pool and has established that the pool reserves have to be significantly augmented in order to meet the…
File and Use procedure for Insurance schemes sponsored by Governments
All the insurers are required to comply with the File and Use procedure for each product that is being offered in the market.
Exposure Draft on Amalgamation of Non Life Insurance Co.
Section 35 of the Insurance Act, 1938 lays down the framework for amalgamation and transfer of life insurance companies. However, a similar provision is not available in case of non-life…