INSURANCE ACT
Insurance Court must record reasons for waiving condition of pre-deposit under Sec 75(2)(B) ESI Act: Kerala HC
Celebrating 75 Years of the Indian Actuarial Profession
What constitutes the commission structure applicable for life insurance companies
New amendments makes rejections to claims tight: LIC Chief
IRDA Circular: Directions under Section 34 of the Insurance Act, 1938 In the matter of M/s SBI Life Insurance Company Limited
Whereas Clause C-4 of Guidelines on Group Insurance Policies given in Circular No. 015/IRDA/Life/Circular/GI Guidelines/2005 dated 14th July 2005prescribes that there shall be no other payment whether as management expenses or documentation expenses or profit commission or bulk discount or payment of any description, to the agent or corporate agent or group organizer or group manager. Read more
Insurance Act 1938
To regulate the activities of these Insurance Companies, and prevent them from becoming speculative, and force them to act on sound Actuarial principles, the Life Insurance Companies Act was passed in 1912. But this Act discriminated between Indian Companies and the foreign Companies. Read more