Insurance firms
IRDAI asks insurance firms to lay down social media norms
Insurance firms get serious on fake agents
Dealing with fraudulent agents has been one of the big issues for prospective and existing customers of insurance companies. And, insurance companies say they’re active on the matter.
Read moreInsurance firms get serious on fake agents
Dealing with fraudulent agents has been one of the big issues for prospective and existing customers of insurance companies. And, insurance companies say they’re active on the matter.
Read moreInvestment norms for insurance firms revised
The Insurance Regulatory and Development Authority (IRDA) has re-worked the investment norms for insurance companies. Read more
Insurance firms being probed for evasion of service tax
Several insurance firms and companies are being probed for suspected evasion of service tax and recoveries have been made in some cases, Finance Minister P Chidambaram told Lok Sabha. Read more
Insurance firms may get to invest in infra bonds for shorter period
In a bid to develop the corporate bond market, insurance companies may be allowed to invest for a shorter period in infrastructure bonds. Also, these firms, along with mutual funds, may be permitted to act as market makers in the bond market. Read more
Insurance firms line up as FDI increase looms
New players are eyeing a pie of India’s R221,400-cr insurance industry following last month’s Cabinet’s approval to raise  foreign direct investment (FDI) cap in the sector from the current 26% to 49%.
While Magma HDI General Insurance and Liberty Videocon General Insurance have commenced operations, Avantha group  has entered into a joint venture with Germany’s Ergo Insurance Group to form Avantha Ergo Life Insurance. Read more
International Insurance news: Foreign insurers enter Myanmar market with hope, caution
The world’s top insurance firms are setting their sights on Myanmar, steeling themselves for a fight with corruption and  ghosts from the nation’s political past.
Prudential Plc, AIA Group Ltd and Manulife Financial Corp are among the global insurance giants preparing to enter  Myanmar as the government rolls out a framework for the sector’s development with the lifting of European and U.S.  sanctions. Read more
Insurance firms may have to pay only up to Rs.10 lakh for accidents
A proposed amendment to the Motor Vehicles Act, 1988 could mean bad news for vehicle owners in case of road accidents. Read more