IRDA, finance ministry lock horns over LIC’s stake ceiling
A fresh tussle between the government and a regulator has burst out into the open, with the finance ministry allowing Life Insurance Corporation (LIC) to own up to 25% of…
IRDA panels to make insurance crystal clear
Welcome relief for life insurers and policyholders. There was a time when only the Life Insurance Council, the industry body representing life insurers, was the sole agency dealing with regulatory…
IRDA: Girish Chandra likely to succeed J Harinarayan
Secretary in the ministry of petroleum and natural gas Mr. Girish Chandra Chaturvedi is seen as a frontrunner to succeed Insurance Regulatory and Development Authority (IRDA) chairman Mr. J. Harinarayan;…
Insurance for HIV/AIDS patients to be a reality soon on Naco push
Pricing issues that were holding back insurance companies from covering HIV/AIDS patients, may soon be removed with the National Aids Control Organisation (Naco) setting up a working group to collect…
IRDA expands definition of ‘infrastructure facility’
Insurance Regulatory and Development Authority (IRDA) has expanded the definition of 'infrastructure facility' under its  Registration of Indian Insurance Companies Regulations. In a gazette notification, the insurance regulator passed an…
IRDA: Chaturvedi frontrunner for Insurance Regulatory and Development Authority post
Girish Chandra Chaturvedi, secretary in the ministry of petroleum and natural gas, is seen as a frontrunner to succeed J Harinarayan, chairman, Insurance Regulatory and Development Authority (IRDA), whose term…
Insurance News: Fire losses account for half of non-life insurance claims in FY12
Fire losses accounted for over half of the claims lodged with general insurance companies in 2011-12. According to Insurance  Regulatory and Development Authority (IRDA) data, compiled by insurance broking house…
No limit on customer charges for traditional plans: Reports
The finance ministry wants the insurance regulator to close the expense gap between ULIPs and traditional policies.
Non-life insurers request IRDA to relax total expenses limit
Non-life insurers have requested IRDA (Insurance Regulatory and Development Authority) to relax the limit on their total expenses to expand their business operations, according to media reports.
General insurers to seek bailout from Finance Minister
After life insurers, it’s general insurers who are knocking at the finance minister’s door, calling him to save the industry from a worsening situation. Finance minister P Chidambaram will meeting…