Insurance Regulatory and Development Authority (IRDA) has enabled Indian insurers and reinsurers to help cover Iran crude oil import by Indian refineries. IRDA chairman J Hari Narayan said that therefore,…
Come April and your third party (TP) motor insurance will pinch your pocket more. The Insurance Regulatory and Development Authority (IRDA) has proposed a 38.87% weighted jump in TP motor…
Former Life Insurance Corporation of India (LIC) chairman T S Vijayan is likely to become the next chairman of the Insurance Regulatory and Development Authority (IRDA). According to sources in…
As per the Authority’s order no. IRDA/NL/NTFN/MOTP/066/04/2011 dated 15th April 2011, the Authority would review and adjust the premium rates for motor third party insurance covers annually based on the…
Motor Insurance premium is set to become more expensive, with The Insurance Regulatory and Development Authority (IRDA) proposing up to a two-fold hike in rates from April 1 in view…
The insurance regulator plans to finalise the proposal to allow district central co-operative banks, regional rural banks, primary agricultural co-operative societies and individuals to peddle micro-insurance in rural and semi-urban…
Insurance companies are keen to offer fund(s) approved under the Rajiv Gandhi Equity Saving Scheme (RGESS) to potential policyholders for unit-linked insurance plan (Ulip). Even the insurance regulator is with…
The government plans to include granting permission for foreign direct investment (FDI) upto 26% in the insurance broking sector under the automatic route in the consolidated FDI policy scheduled for…
The Insurance Regulatory and Development Authority (IRDA) came out with landmark draft health insurance guidelines on 31st May 2012. While it addressed numerous important issues like lifelong renewal, claims settlement…
The IRDA (Insurance Regulatory and Development Authority) has made it clear that the Life Insurance Corporation of India (LIC) will be governed at par with any other insurers when it…