Electronic insurance will become mandatory for annual premium equal to or above Rs 10,000 (single/annual premium) in life insurance policies. IRDAI in its Issuance of e-Insurance Policies Regulations, 2016, said…
IRDAI is planning to put in place an insurance self-network platform which could be used by an agent to sell and service products on behalf of registered insurers. "The insurance…
Insurance companies are enthusiastic about the proposed guidelines on selling and servicing of policies through e-commerce platform that aims to do away completely with any kind of physical intervention. The…
Heavy discounts in insurance segments such as group health would soon come under the scanner of the Insurance Regulatory and Development Authority of India (IRDAI). The regulator has come up…
IRDAI has granted special approval to 23 Cross Border Reinsurers (CBR) for the year 2016-17. This will allow Indian insurers to make reinsurance placements with a large number of reinsurers.…
IRDAI has released comprehensive corporate governance guidelines, including a cap on salary of CEOS and policy on whistle blowers. The revised guidelines, which came against the backdrop of changes in…
Close on the heels of mutual funds (MFs) disclosing remuneration of its top executives following a directive from SEBI, insurance companies have also been asked to provide information on executive…
The life insurance segment is struggling with a high rate of agent attrition. Over the past three years, some 900,000 agents have quit. The most common reasons cited are lack…
Introduction:IRDA (currently referred as IRDAI) came in existence after the enactment of IRDA Act, 1999 by parliament. The mission of IRDA is to protect the interests of policy-holders to regulate,…
Insurance regulator IRDAI has approved as many as 16 proposals amounting to Rs 14,591.9 crore as foreign investment, Parliament was informed. "Post notification of the Insurance Laws (Amendment) Act, 2015,…