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IRDA

The acronym for the Insurance Regulatory and Development Authority of India, it is the apex body overseeing the insurance business in India. It protects the interests of the policyholders, regulates, promotes and ensures orderly growth of the insurance in India.

News On IRDA
IRDA shelves plans to make listing of life insurers mandatory

23-02-2017| Source:Moneycontrol.com

The insurance regulator had earlier proposed mandatory listing of large insurers. The proposal met with stiff opposition from several players who contended that this was not known to them at the time of entering the business.

HDFC Life-Max Life merger faces yet another regulatory hurdle  

10-02-2017| Source:CNBC-TV18

, there was a view that this meant the merger of one insurance business with one non-life insurance business. Even if IRDA gives the green light, the insurers will have to get a nod from other regulatory

Unhappy with rules, ITI Reinsurance writes to FinMin, IRDA  

30-01-2017| Source:CNBC-TV18

and has written to the Finance Ministry and IRDA, people close to the developments told CNB-TV18.

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