Insurance regulator Irda‘s continuing campaign to curb misselling of insurance products has caught web aggregators in its cross-hairs. The regulator has proposed stricter rules that these websites which compile and provide information on policies of various insurance companies must adhere to, reports CNBC-TV18‘s Manasvi Ghelani.
Insurance companies are racing against time to comply with IRDA's changed guidelines for traditional life insurance products.
SP Tulsian, sptulsian.com says that although the OFS floor price seems to be set at a discount to the CMP, the price seems to be a bit aggressive. He does not think there will be good response from the Foreign Institutional Investors (FIIs).
To honour the best banks and financial institutions, CNBC-TV18 organised the annual IBFA Awards and an eminent jury picked out the winners from across public and private sector banks. The best insurance companies were also honoured.
The finance minister is doing everything to revive the country's capital markets. Finance ministry sources indicate a strategy on long-term investment of insurance funds is in the offing, reports Aakansha Sethi of CNBC-TV18.
The insurance industry is not happy with the second exposure draft on product design and pricing.
'Highest NAV guaranteed products' are the latest controversy to have hit the insurance industry. The Rs 5,000 crore segment is facing regulatory ire with the IRDA looking to ban the products.
CNBC-TV18's Sajeet Manghat reports that the SEBI board today approved the listing of stock exchanges, but based on certain pre-conditions.
The insurance industry will have to wait a while longer for IRDA's guidelines on bancassurance because the insurance regulator is yet to iron out a few challenges and problems, reports CNBC-TV18's Mitra Joshi and Gopika Gopakumar.
Bajaj Finserv has reported a strong quarter with income surging to Rs 1300 crore. Sanjiv Bajaj, MD, tells CNBC-TV18 that the company can maintain its margins in the next 2 quarters, but a further hike in interest rate could play spoilsport ahead.