Insurance sector pins hope on new IRDA chief for turnaround

All eyes are now on the new IRDA chairman. With the insurance industry still coming to terms with its lacklustre performance in the past three years during which business fell steadily and pushed a majority of ULIPs and pension products almost off the radar. The hope rests on TS Vijayan’s ability to bring about a turnaround. Read more

Insurance News : Former SBI chairman, OP Bhatt on panel to hunt for new IRDA chief

Former State Bank of India chairman OP Bhatt has been appointed on a panel that will assist in the search for the next chief of Insurance Regulatory and Development Authority, a move that signals Bhatt’s return to the establishment. Read more

IRDA News: IRDA chief to meet FM on tax issues

Pushing for higher foreign direct investment (FDI) cap in the insurance sector, Insurance Regulatory Development Authority (IRDA) chairman J Hari Narayan recently said the FDI in insurance would enable the companies to grow and infuse more capital in the business as most of the insurance companies are going through a capital crunch. The IRDA chief will meet finance minister P Chidambaram on Wednesday to resolve various taxation issues and speed up growth in the sector. Read more