Reliance Life Insurance appoints Anup Rau as CEO
Reliance Life Insurance today announced the appointment of Anup Rau as the new chief executive of the company. His appointment is however subject to the approval from Insurance Regulatory and…
Liberalisation of Insurance Sector : New Dimensions
The world has become a global village. The Liberalisation, Privatization and Globalisation (LPG) wave has sweeped across the global economies. The two pillars of India's economic policy before 1991 have…
IRDA Circular- Modifications to GR 9: Depreciation on Parts for Partial Loss Claims of the erstwhile India Motor tariff
IRDA/NL/ORD/MISC/006/01/2013 - Dt: 8th January 2013 IRDA vide its Exposure Draft dated 16th October 2012 has invited all the stakeholders to provide their comments on the draft proposal of modifications…
IRDA revises norms for life insurance products
The Insurance Regulatory and Development Authority (IRDA) has revised the norms for traditional life insurance products at its board meeting held here. When contacted, IRDA Chairman J. Hari Narayan, told…
Sub-brokers may get to sell insurance
The insurance regulator is weighing the possibility of allowing insurance sub-brokers to increase penetration of insurance in semi-urban and rural areas. At present, retail distribution of insurance is through agents…
HC asks IRDA to specify roles of TPA in settlement guidelines
The Bombay High Court  said the Insurance Regulation and Development Authority (IRDA) can go ahead with the process of finalising regulations for settling insurance claims and for the role of…
IRDA raps Bajaj Allianz General insurance for deficiency in claims settlement
Complaint No. 442/BAJNL/COMP/09-10 – Motor Insurance Claim under Policy No. OG-09-1101-6014-00010777
CANCELLATION OF BROKER LICENSE NO.374, IRDA Circular/BRK/ORD/LC/001/01/2013, Dt: 02/01/13
Whereas M/S AMBIT INSURANCE BROKING & ADVISORY PVT LETD. (hereinafter referred to as the ‘Broker’), having its Registered Office at ‘Ambit House’, 449, Senapati Bapat Marg, Lower Parel, Mumbai 40001…
Dhruv Launches Insurance Grievance Management System for ECGC, a Government of India Enterprise
Dhruv Compusoft Consultancy Pvt. Ltd. a Bangalore-based software company, announced that it has launched Insurance Grievance Management System for Export Credit Guarantee Corporation of India Ltd.(ECGC), which integrates with IRDA's…
Surveyors & loss assessors recent initiatives of IRDA
Surveyors and Loss Assessors (S&LAs) play an important role in assessment of losses arising out of a contingency insured under a policy of general insurance. Further, SLAs are necessary under…