Insurance Regulatory Development Authority biased against us: State insurers

In a bid to preempt moves to disband the third party motor insurance pool, the state general insurance companies have complained to the finance ministry this was being done to benefit the private companies. Currently, the cost of loss-making third party motor insurance is shared among the industry through a pooling mechanism.  Read more

IRDA News: Guidelines on Persistency of Life Insurance Policies now also applicable to Corporate Agents

In February 2011 IRDA had issued Guidelines for Individual Agents for Persistency of Life Insurance Policies. Now IRDA has made these guidelines applicable to corporate insurance agents as well. The whole guidelines will be applicable to corporate agents with immediate effect.

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IRDA News: IRDA issues draft Regulations for Licensing of Bancassurance Agents

IRDA has issued draft Regulations on Bancassurance Agents to be called as IRDA (Licensing of Bancassurance Agents) Regulations, 2011. IRDA is inviting comments/suggestions of all stake holders on the Exposure Draft. The comments / suggestions on the said draft may be forwarded to Mr. R K Sharma, Deputy Director at [email protected] by December 12, 2011. Read more