Insurance regulator IRDA has imposed a penalty of Rs 76 lakh on Met Life India Insurance Company for violation of various regulations, Â including gaps in policy administration system. "...I hereby…
The government has notified appointment of S B Mathur, former chairman of Life Insurance Corporation, as a part-time member of the  Insurance Regulatory and Development Authority. Mathur has been appointed…
Whereas Clause C-4 of Guidelines on Group Insurance Policies given in Circular No. 015/IRDA/Life/Circular/GI Guidelines/2005 dated 14th July 2005prescribes that there shall be no other payment whether as management expenses…
Leading private insurer Reliance Life has sought approval of the sectoral regulator IRDA for two new health plans and is aiming to  launch them in current quarter. "We have filed…
Insurance sector regulator IRDA has directed SBI Life Insurance Company to distribute the "wrongful" component of administrative charges it paid as reimbursement of group expenses to commission agents to the…
Insurance regulator IRDA is working on a centralised mechanism to capture health insurance data with a view to improving the service and preventing misuse of medi-claim benefits by hospitals.
Supreme financial regulators like- Insurance Regulatory and Development Authority (IRDA), Securities and Exchange Board of India (SEBI), Pension Fund Regulatory and Development Authority (PFRDA) and Forward Markets Commission (FMC) should…
Insurance Regulatory and Development Authority (IRDA) today released an exposure draft to revamp the Indian Institute of Surveyors and Loss Assessors (IIISLA) to make it more vibrant, responsible and professional…
Mizoram Chief Minister Lal Thanhawla said that insurance has become crucial and the system is also being put in place in the state, though it is not up to the…
Sector regulator IRDA will soon develop a mechanism for faster approval of insurance policies and encourage companies to come out with low premium products for increasing insurance penetration, a senior…