Insurance misselling continues unabated
Online forums are abuzz with complaints of amounts being deducted from consumers' accounts — without their written consent — towards payment of insurance premiums solicited by telemarketers.
IRDA has issued a circular for agents training institutes
Insurance regulatory and development authority (IRDA) has issued a circular listing standard instructions and guidelines applicable for approval/renewal of agents training institutes.
IRDA to allow super agency model to help agents retention
J Hari Narayan, IRDA Chairman, has said that he wants to encourage the 'super agency' model in the insurance industry. He wants insurers to adopt this model of distribution to…
IRDA Exam: New Course Material for IC33 – IRDA Agents training
Insurance Regulatory and Development Authority has launched the new version of IC33. The book IC33 is meant for training of life insurance agents. This book has been completely revised and…
FAQ’S on ULIP’s
Unit linked guidelines were notified by IRDA on 21st December 2005. The main intent of the guidelines was to ensure that they lead to greater transparency and understanding of these…
IRDA notifies new rates for Motor Insurance Third Party Liability Only Cover
IRDA CIRCULAR: The Authority refers to the Exposure Draft on Review of Motor Insurance Premium rates for Third Party Liability Cover dated 4th January 2011, which was published in its…
GUIDELINES PERTAINING TO INDIVIDUAL General Insurance AGENTS
Reference is drawn to circular ref. IRDA/CAD/GDL/AGN/016/02/2011 dated 11th February, 2011 prescribing certain guidelines relating to individual agents in respect of life insurance, which, among others, include prescription of minimum…
Guidelines for Individual Agents for Persistency of Life Insurance Policies
Low Persistency of life insurance policies is a cause of concern for the Insurance Regulators worldwide , the Industry, Intermediaries and the Policyholders. Early lapses and surrenders are not desirable…
Penalty on Central bank of India for violating norms
IRDA has imposed penalty of Rs. 5 lacs on Central bank of India for violating provisions of IRDA Act.
Recruitment Notification for the Posts of Senior Joint Director in IRDA
Applications are invited for the following posts in the Insurance Regulatory and Development Authority, Hyderabad