IRDA News: IRDA releases draft on standard product for rural & social
The standard insurance product would be in addition to the government schemes, which provide insurance cover at concessional rates Read more
irda news
IRDA News: Slew of reforms on cards for insurance sector
The Union finance ministry is lining up a slew of reforms to revive the insurance sector.
Read moreIRDA News: IRDA to develop mechanism for faster approval of policies
Sector regulator IRDA will soon develop a mechanism for faster approval of insurance policies and encourage companies to come out with low premium products for increasing insurance penetration, a senior government official said today. 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
IRDA News: IRDA’s draft proposal for insurance cover to BPL families
Regulator IRDA has come with a draft proposal to expand the reach of insurance cover to Below Poverty Line (BPL) families in the next five years. Read more
IRDA NEWS:IRDA stops IGE, J&K Bank from subscribing to MetLife issue
The Insurance Regulatory and Development Authority (IRDA) has restricted International General Electric Corporation (IGE) and J&K Bank from subscribing to a fresh issue of shares by MetLife India. Read more
IRDA NEWS:Draft guidelines for Issuance of Capital by General Insurance Companies
The Insurance Regulatory and Development Authority (IRDA) has released draft guidelines of Issuance of Capital by General Insurance Companies Regulations, 2012.
Read moreIRDA News: Govt to rewrite life insurance norms
Along with retail and aviation, the insurance sector is set to see an overhaul following a finance ministry intervention. The sector has been characterised by dwindling sales in the past two years. Read more
Life Insurance Corporation of India’sQ1 new business premium rises by 8pc to Rs 14,451 cr
Country’s largest insurer Life Insurance Corporation (LIC) has recorded a growth of 8.3 per cent in new business with premium collection of Rs 14,451 crore in the first quarter ended June 30, 2012.
Read moreIRDA NEWS:IRDA to relax equity investment rules for insurers
The Insurance Regulatory and Development Authority (IRDA) is considering relaxing the 10% ceiling on equity investment by insurers in a company.
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