The Insurance Regulatory & Development Authority of India has ordered Universal Sompo General Insurance Company's managing director Taketoshi Nagaoka to step down immediately due to his foreign origin. IRDAI has…
Insurers may soon have to lower commissions to insurance agents in certain product categories, such as participating products even as they are faced with high agent attrition. Incidentally, to improve…
Mr. M Ravichandran, President-Insurance of Tata AIG General Insurance has expressed his views regarding the latest development of IRDAI proposing norms for selling and servicing of insurance policies through e-commerce…
Insurance regulator IRDAI set up a seven-member committee to suggest ways to bring transparency in payouts made to the auto dealers by the insurers for getting motor…
Insurance penetration, measured as a percentage of premiums to a country's gross domestic product(GDP), has been on a constant drop in India. According to the latest sigma study from global…
I. Introduction Savings play a pivotal role in the capital formation of any country. The gross domestic savings (GDS) of a country mainly account from household, private and public sectors.…
Future Generali India Insurance Company, a joint venture between retail giant Future Group and Italian insurance major Generali, expects to post a 20-25 percent growth this fiscal, said the…
Insurance companies are getting ready to bid aggressively for Air India $9 billion (around Rs.57,420 crore) cover, coming up for renewal on 1 October. State-run Air India, which floated…
One of the major changes in insurance rules effected by the Insurance Laws Amendment Ordinance is scrapping of section 40A of the Insurance Act, 1938, that prescribes the caps on…
The Life Insurance Council has elected its first Executive Committee. The Executive Committee will have one representative each from Life Insurance Corporation of India (LIC), Reliance Life Insurance, Bharti…