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IRDA in India 

Insurance regulator tightens anti-money laundering rules

September 19, 2022 admin 235 Views 0 Comments anti-money, Insurance, Money, regulator, rules
IRDAI has stiffened the anti-money laundering rules as part of consolidation of the guidelines for the sector. The rules issued Read more
IRDA in India 

IRDAI issues first R1 licence to ITI Reinsurance

September 29, 2016 Bimabazaar- Adminstrator 1555 Views 0 Comments CONTROLLED, GLOBAL, IRDAI, issues, regulator, Reinsurance
IRDAI has given its first phase of licence to ITI Reinsurance, thus clearing the first ever Indian private sector reinsurance Read more
IRDA in India 

IRDAI may allow insurers to invest in banks’ AT-1 bonds

July 8, 2016 Bimabazaar- Adminstrator 837 Views 0 Comments at-1, bonds, IRDAI, market, maturity, regulator
The additional tier-1 (AT-1) bond market, which has been witnessing subdued demand, is likely to see some activity with the Read more
Life Insurance News 

LIC wants Axis bank to sell its life products

June 21, 2016 Bimabazaar- Adminstrator 822 Views 0 Comments Axis Bank, business, income, Insurance, LIC, Max Life, premium, regulator, tie-ups
LIC owns about 15% in Axis Bank, but now it’s pushing Axis bank to sell insurance policies through its more Read more
General Insurance News 

Former UIIC Director, Asha Nair, joins the Board of Directors at Remedinet Technologies

February 24, 2016 Bimabazaar- Adminstrator 1063 Views 0 Comments asha nair, Australia, CWISS, health insurance, infrastructure, Japan, regulator, technology, UK
The health insurance sector in India today is at a very critical juncture where changes and movements in various key Read more
Life Insurance News 

LIC holds strong banking linkages

October 6, 2015 Bimabazaar- Adminstrator 883 Views 0 Comments financial crisis, insurer, LIC, loans, RBI, regulator
  Life Insurance Corp. of India or LIC is ranked as the country’s 11th largest insurer in terms of loans. Read more
Insurance News 

Distribution reforms the key, say insurance CEOs and regulator

March 12, 2013 Bimabazaar- Adminstrator 982 Views 0 Comments Budget, Distribution reforms, insurance CEOs, P Chidambaram, regulator

In his Budget speech, Finance Minister P Chidambaram proposed liberalising the insurance distribution network by allowing banks to act as brokers. However, chief executives (CEs) in the insurance sector say it would take a long time before this is implemented. Read more

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