IDBI Federal targets HNIs with Wealthsurance Premier


Seeking to target high net worth customers, private insurer IDBI Federal Life insurance Company Limited announced the launch of their wealth-building plan, IDBI Federal Wealthsurance Premier Insurance Plan. The brand new product aims to be one of the best in the category as it is a hassle free, single premium ULIP, with a wide array of investment funds and protection benefits bundled in a low charge structure aimed to deliver one of the best-in-class returns in this category.

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Guidelines on Insurance repositories and electronic issuance of insurance policies

Objective and Utilization of Insurance Repository
The objective of creating an insurance repository is to provide policyholders a facility to keep insurance policies in electronic form and to undertake changes, modifications and revisions in the insurance policy with speed and accuracy in order to bring about efficiency, transparency and cost reduction in the issuance and maintenance of insurance policies. Read more

IRDA issues guidelines for Accounting Treatment of Enhanced Provision of Gratuity

IRDA CIRCULAR: The pay revision of the officers and employees has been carried out by the Public Sectors Insurance companies in the year 2010-11 and Government by Gazette, Notification dated May 24, 2010 has revised upward maximum limit for Gratuity under “Payment of Gratuity Act 1972” from `3,50,000/- to `10,00,000.  Read more

IRDA notifies new rates for Motor Insurance Third Party Liability Only Cover

IRDA CIRCULAR: The Authority refers to the Exposure Draft on Review of Motor Insurance Premium rates for Third Party Liability Cover dated 4th January 2011, which was published in its website. Subsequently on receiving responses on the exposure draft, the Authority held series of discussions with the Transporters’ Associations and Insurers. Read more


Latest Books for Insurance examinations

Model Question Bank for Para 13.2 (6 Departments)
We are pleased to announce the launch of Model Question Bank for Paper 1 of Para13.2 exam. The First paper will cover Multiple Choice Questions on the following departmental subjects viz. (i) Fire lnsurance, (ii) Marine lnsurance, (lll) Miscellaneous lnsurance, (iv) Accounts & lnvestment, (v)

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