Insurance Regulatory And Development Authority

Jul 22, 2015 at 18:29 | Source: CNBC-TV18
Sanjiv Bajaj, MD, Bajaj Finserv says the general insurance industry is still seeing slow growth of 10-11 percent because a large part of the industry is motor insurance and motor sales have remained tepid.
Jul 22, 2015 at 16:40 | Source: PTI
"There was some ambiguity about whether to add NPS as eligible investment by NRI. So, we took up the matter with RBI and very recently they have given this clarification that NPS like insurance and mutual fund could also be eligible investment for NRIs, Hemant Contractor said at an event organised by PFRDA here.
May 03, 2015 at 16:27 | Source: PTI
The insurer has sought relief against a decision of IRDAI asking it to refund Rs 275 crore to all its policyholders who had bought its Dhanraksha Plus policy in the past
May 02, 2015 at 10:18 | Source: PTI
Private insurers slowly but surely are making inroads into LIC's market share. Riding high on Unit Linked Insurance Plans (Ulips), some 23 of them have eaten up a full 5 percent of new premium market from LIC, taking their combined share to 30 percent in 2014-15, according to annual data from the Life Insurance Council.
Apr 06, 2015 at 13:30 | Source: PTI
At present, as per Employees' State Insurance Act, 1948, it is mandatory for formal sector workers getting gross pay of up Rs 15,000 per month to subscribe to health insurance scheme run by the ESIC.
Apr 05, 2015 at 18:49 | Source: PTI
To roll out three new social security schemes announced in the Budget, the government has asked banks and insurers to develop a common infotech module by June.
Mar 27, 2015 at 11:06 | Source: PTI
Welcoming the passage of Insurance Amendment Bill 2015, Nelson said, "We are pleased with the support we are receiving from Indian government and authorities for opening up the market." India is a very important market for Lloyd's, he said.
Mar 23, 2015 at 16:48 | Source: PTI
GIFT City also expects other regulators, RBI and IRDA, to come out with their norms in the coming days for the banking and insurance entities, respectively, which would set up shop in the proposed International Financial Services Centre.
Mar 21, 2015 at 17:34 | Source: CNBC-TV18
CNBC-TV18s Latha Venkatesh caught up with SS Thakur, Chairman of the Policy Making Committee of International Financial Centre; Neeraj Gambhir, co-head, Nomura India; and eminent lawyer Jayesh H of JurisCorp, to discuss what it will take to create one.
Mar 17, 2015 at 08:51 | Source: PTI
The ETASS is essentially an electronic platform deployed for insurance-related clearing house operations. "The authority intends to provide the regulatory framework governing various aspects of conduct of the ETASS system," the IRDA website said.
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Source:Economic Times - Your car insurance premium for third-party liability coverage is set to rise 20% from April 1. The Insurance Regulatory and Development Authority ( Irda) issued a circular last week spelling out the quantum of hike applicable to private cars, two-wheelers and commercial

11.52 AM Apr 1st 2014

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in the new fund offer (NFO) and hold units for one year from the allotment date. The Insurance Regulatory and Development Authority (Irda) recently giving the green signal for insurance companies to invest in ETFs, the CPSE ETF issue should assist the government with its disinvestment plan. LIC already

9.05 PM Mar 17th 2014

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Source:Economic Times - Insurance customers and their nominees don`t have to suffer inordinate delays in claim settlement anymore. A new circular from Insurance Regulatory and Development Authority (Irda) is going to change the current opaque scenario from April 1.

2.33 PM Feb 25th 2014

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Source:The Hindu BusinessLine - The Insurance Regulatory and Development Authority has imposed ₹1 lakh penalty on Tata AIA Life Insurance Company for violation of norms. According to an order issued by the regulator, the insurer was fined for not having effective systems in place to report cash

2.24 PM Feb 14th 2014

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INSURANCE: The Insurance Regulatory and Development Authority have proposed a steep rise in premiums for 2014-15 (Apr-Mar).

1.52 PM Feb 12th 2014

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Source:The Hindu BusinessLine - The Insurance Regulatory and Development Authority (IRDA) has mooted that all micro-variable products should have a lock-in period of five years from the date of inception of the policy. In the new draft norms on micro-insurance, the regulator said surrenders would

2.13 PM Feb 1st 2014

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Source:The Hindu BusinessLine - The Insurance Regulatory and Development Authority (IRDA) has framed guidelines for life insurance products to be sold at common service centres (CSCs). The products to be marketed through the CSC distribution model shall be separately prefixed with the word CSC

11.04 AM Jan 31st 2014

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Source:FirstPost - Hyderabad: The Insurance Regulatory and Development Authority may make the broking model for banks compulsory soon if significant traction is not achieved in insurance penetration."IRDA is already in touch with the Ministry of Finance and the RBI in this regard. A decision

6.00 PM Jan 17th 2014

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Source:Economic Times - MUMBAI: Life Insurance Corporation of India has been slapped with a show-cause notice by the insurance regulator for allegedly misleading the public through advertisement. Insurance Regulatory and Development Authority (Irda) has put a question mark on certain LIC

11.15 AM Jan 14th 2014

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The Insurance Regulatory and Development Authority (Irda) slapped a fine of nearly Rs 5 crore during 2012-13 insurance companies, leaders Prudential Life.

8.54 PM Jan 12th 2014

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