DFS paves way for $3 bn inflow into insurance
The Department of Financial Services (DFS) has given the green signal to Kotak Mahindra Bank's proposal to increase the foreign investment limit in the bank to 55 per cent from…
India First Life penalized by IRDA
The Insurance Regulatory and Development Authority of India has imposed Rs. 65 lakh penalty on India First Life insurance company for a number of violations. According to IRDAI Chairman T…
IRDAI mulling over e-Insurance
Earlier the concept of E Insurance was piloted in paperless form through insurance repositories. However, it did not received a encouraging response and not even 10 per cent of the…
Global reinsurers firm steps in India with Indian CEOs
After receiving licenses from the Insurance Regulatory and Development Authority of India which has paved the way of the reinsurers to open their operations in India, the Global reinsurers are…
A single-premium health cover for wider reach
Insurance Regulatory & Development Authority of India (IRDAI) is on the verge of drawing frameworks to widen and expand the insurance penetration in the health segment. In this move the…
Not more than 10% paid-up shares in insurance firms: IRDAI
The IRDAI in lieu of the backdrop of the recent hike in the upper cap of foreign direct investment in insurance companies from 26 per cent to 49 per cent…