IRDAI considering managed general agencies in insurance
The insurance industry could see a new set of licences in the form of managed general agencies, or MGAs, as Read more
insurance regulator
IRDAI allows combi products under use-and-file system
In a significant move, the IRDAI has allowed insurance companies to launch individual and group ULIPs (unit linked insurance plans) Read more
Insurers designing specific cover for surrogate mothers
In a move that will offer more financial security to surrogate mothers, insurers are now designing specific products for them, Read more
No plan to exit Adani stocks: LIC chairman
LIC chairman M R Kumar said that fluctuations in Adani Group stocks’ prices would not impact the corporation’s bottom line, Read more
Standard insurance products on the cards
The insurance regulator will come out with a series of standardised products to improve coverage in the under-insured segments and Read more
Insurance regulator provides some relief to Ulip holders
Policyholders, who had put in money in unit-linked insurance plans (Ulips) and discontinued later, have a reason to cheer. Read more
Purposes of rate making in general insurance.
The purpose of rate making is to set the prices of insurance products in such a way Read more
Indian insurers can now go international
Global insurers have been participating in the Indian insurance market for nearly 12 years. We may soon see the trend reversing.
Life Insurance Corporation starts revamp, sets up two groups to look into issues
State-run Life Insurance Corporation has set up two groups to look into a host of issues, including investment strategy, marketing and review of its international operations and subsidiaries, two persons with knowledge of the development said.
T S Vijayan likely to be next insurance regulator
Former Life Insurance Corporation of India (LIC) chairman T S Vijayan is likely to become the next chairman of the Insurance Regulatory and Development Authority (IRDA). According to sources in the sector, he has been proposed by the Union finance ministry and the application sent for final approval. The current chairman, J Hari Narayan, leaves office on Wednesday. Read more