Supreme Court – Seize-and-sell order on cars
The Supreme Court has asked all states and Union territories to frame a policy to strictly enforce a law that Read more
Union territories
IRDA gives options for bancassurance tie-ups
The insurance regulator has come put with a revised set of draft regulations on bancassurance tie-ups. Bancassurance refers to  the arrangement through which banks sells insurance products.
The Insurance Regulatory and Development Authority (IRDA) has suggested banks can sell insurance products by playing either  a corporate agent or a broker to insurance companies. Corporate agents can sell insurance products for only one insurer while  a broker can sell multiple companies’ products. Those opting to be a broker will have to first withdraw from their existing  bancassurance partnership. Read more