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Further to the guidelines on distance marketing of insurance products issued vide circular no. IRDA/Admn/GDL/Misc/059/04/2011 on 5.4.2011 and with reference to the provision 8 (ii) thereunder, the syllabus for pre-recruitment training of telecallers is specified herein below: Read more
The Authority vide its Circular No. 063/IRDA/F&A/Mar-07 dated March 29, 2007 on “Solvency margin in respect of Motor TP Pool†has defined the term “Gross†in respect of Motor Pool as under: Read more
The Authority after notification of IRDA (Investment) (4th Amendment) Regulations, 2008 and after mandating the minimum requirements in respect of Investment Risk Management Systems & Process and Internal / Concurrent Audit Scope (issued through Technical Guides through the Read more
Insurance Institute of India has announced some important informations for candidates appearing in various exams of III in October/November 2011 examination. Read more
What is IGMS ?
The Integrated Grievance Management System(IGMS) facilitates online registration of policyholders’ complaints and helps track their status.
Unit linked guidelines were notified by IRDA on 21st December 2005. The main intent of the guidelines was to ensure that they lead to greater transparency and understanding of these products among the insured, especially since the investment risk is borne by the policyholder. Read more
1. Premium Allocation Charge:
1.1 This is a percentage of the premium appropriated towards charges from the premium received. The balance known as allocation rate constitutes that part of premium which is utilized to purchase (investment) units for the policy. The percentage shall be explicitly stated and Read more
The government has allowed Anil Dhirubhai Ambani Group firm Reliance Life Insurance to sell 26% stake to Japan’s largest life insurer Nippon Life Insurance. Read more
The government has suspended New India Assurance chairman M Ramadoss for alleged violations in issuing insurance cover to an airline during his stint as head of Oriental Insurance during the period 2009. Read more