Govt clears welfare measures for LIC employees, agents
Over 1 lakh employees and nearly 13 lakh agents of the Life Insurance Corporation of India (LIC) will have something Read more
Finance ministry
LIC may need 5 yrs after ‘27 to comply with float norms
LIC may require at least five more years to comply with the minimum public shareholding of 25 per cent beyond Read more
Finance Ministry seeks IRDAI member applications
The finance ministry has invited applications for the post of Whole Time Member (Distribution) at insurance regulator IRDAI. The applicant Read more
Insurance Claim disbursements under PMJJBY shots up 438% in financial year 2022
Disbursal of claims under the Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY), which offers death coverage due to any reason, Read more
Finance Ministry looking into life insurers’ tax relaxation plea
The relaxations sought by the life insurance industry on the Budget announcement of taxing high-value policies with premiums of Rs. Read more
Finance ministry mulls changes in laws to boost insurance penetration in India
The finance ministry is contemplating changes in insurance laws, including reduction in minimum capital requirement, with a view to increasing Read more
Finance Ministry asks CPSEs to ease PSU insurers’ solvency criteria
The Finance Ministry has asked Central Public Sector Enterprises (CPSEs) and government departments to relax the requirement of minimum solvency Read more
Govt. amends insurance ombudsman rules for better resolution of policyholders’ complaints
The Finance Ministry has recently declared that the government has amended insurance ombudsman rules and brought insurance brokers within their Read more
Govt issues new rules for insurance ombudsman
On 22 December, the finance ministry issued a draft Insurance Ombudsman (Amendment) Rules, 2020, to amending the 2017 Insurance Ombudsman Read more
PSU insurers asked to reduce avoidable expenses
Finance Ministry has asked 3 PSU General insurers, National Insurance, Oriental Insurance and United India Insurance, to rationalise branches Read more
