December 7, 2023
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Finance ministry

Life Insurance News 

Govt clears welfare measures for LIC employees, agents

November 18, 2023 admin 118 Views 0 Comments Finance ministry, LIC agent, LIC employees, Life Insurance Corporation of India
Over 1 lakh employees and nearly 13 lakh agents of the Life Insurance Corporation of India (LIC) will have something Read more
Life Insurance News 

LIC may need 5 yrs after ‘27 to comply with float norms

October 27, 2023 admin 54 Views 0 Comments Finance ministry, Formal communication, LIC, public shareholding
LIC may require at least five more years to comply with the minimum public shareholding of 25 per cent beyond Read more
IRDA in India 

Finance Ministry seeks IRDAI member applications

October 17, 2023 admin 76 Views 0 Comments Finance ministry, IRDAI, IRDAI member
The finance ministry has invited applications for the post of Whole Time Member (Distribution) at insurance regulator IRDAI. The applicant Read more
General Insurance articles 

Insurance Claim disbursements under PMJJBY shots up 438% in financial year 2022

June 6, 2023 admin 140 Views 0 Comments Finance ministry, financial year 2022, Insurance Claim disbursements, Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY)
Disbursal of claims under the Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY), which offers death coverage due to any reason, Read more
Life Insurance article 

Finance Ministry looking into life insurers’ tax relaxation plea

April 3, 2023 admin 158 Views 0 Comments BUDGET ANNOUNCEMENT, CLASSIFY POLICYHOLDER, Finance ministry, life insurers
The relaxations sought by the life insurance industry on the Budget announcement of taxing high-value policies with premiums of Rs. Read more
IRDA in India 

Finance ministry mulls changes in laws to boost insurance penetration in India

October 7, 2022 admin 226 Views 0 Comments boost, CHANGES, Finance ministry, Insurance, laws, penetration
The finance ministry is contemplating changes in insurance laws, including reduction in minimum capital requirement, with a view to increasing Read more
IRDA in India 

Finance Ministry asks CPSEs to ease PSU insurers’ solvency criteria

August 29, 2022 admin 234 Views 0 Comments CPSEs, criteria, Finance ministry, PSU insurers, solvency
The Finance Ministry has asked Central Public Sector Enterprises (CPSEs) and government departments to relax the requirement of minimum solvency Read more
General Insurance News 

Govt. amends insurance ombudsman rules for better resolution of policyholders’ complaints

March 5, 2021March 14, 2021 admin 283 Views 0 Comments Finance ministry, insurance ombudsman rules, policyholders’ complaints
The Finance Ministry has recently declared that the government has amended insurance ombudsman rules and brought insurance brokers within their Read more
IRDA in India 

Govt issues new rules for insurance ombudsman

January 18, 2021March 15, 2021 admin 399 Views 0 Comments Council of Insurers., Finance ministry, INSURANCE OMBUDSMAN
On 22 December, the finance ministry issued a draft Insurance Ombudsman (Amendment) Rules, 2020, to amending the 2017 Insurance Ombudsman Read more
General Insurance News 

PSU insurers asked to reduce avoidable expenses

December 19, 2020March 18, 2021 admin 341 Views 0 Comments digital medium, Finance ministry, general insurance companies, PSU insurers
  Finance Ministry has asked 3 PSU General insurers, National Insurance, Oriental Insurance and United India Insurance, to rationalise branches Read more
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