Irda

A bench comprising Justices B V Nagarathna and Satish Chandra Sharma issued notices to the Centre and the Insurance Regulatory Development Authority of India (IRDA) on a plea filed by NGO Sanvedana Foundation.

Indian insurers push for more hedging tools from regulator

The insurers have suggested permission to trade derivatives for products that have exposure to benchmark stock indexes as an initial step.

Can asset sales fix the woes of public sector general insurers?

Growing profitable underwriting business is the key to survival for public sector general insurers.

IRDAI’s okay for stake sale in RCap’s insurance arms a step towards resolution, say experts

The IRDAI gave its approval for a 26 percent stake sale in Reliance Capital including in Reliance General Insurance Company, Reliance Nippon Life Insurance Company (RNLIC), and Reliance Health Insurance to the Hinduja Group.

MC Interview: 2023 to see rise in margins and growth, says HDFC Life CFO Niraj Shah

The company is confident about margin expansion on a standalone basis at HDFC Life and the acquired business of Exide Life, says Shah. Shah is skeptical about the benefits corporate agents and distributors can derive from the tie-ups with nine life insurers, instead of the earlier three.

Life insurers get wiggle room on spends, but don’t expect commissions to surge

The new EoM rules, and the bunch of relaxations on capital and distribution tie-ups that IRDA has announced, should explain the surge in the shares of listed life insurers.

India’s small insurers get the wings to grow as IRDA eases rules

IRDA’s relaxations could see competition heating up in the insurance space in the coming years 

Explainer| The third party administrator in health insurance

A TPA  acts as an intermediary between the insurance company and the policyholder

Health insurance wrap 2019: How policies were streamlined during the year

IRDA instructed insurance companies to include a standard list of exclusions and mandated the code number of each exclusion to be mentioned at the time of claim rejection.

Insurers must ensure RC is cancelled in case vehicle is damaged beyond repair

If a vehicle is destroyed, is rendered incapable of use, the owner shall report this within 14 days to the registering authority to get the RC cancelled

Trouble in Motown! Auto sector which is 49% of manufacturing GDP looks for rescue

It is time the policymakers from Niti Aayog, Transport and Finance Ministries heed our prime minister's clarion call of “Sabka Saath, Sabka Vikas & Sabka Vishwas”.

NBFCs should clean up or clear out

More stringent regulations for NBFCs is the need of the hour rather than the temporary fix of a liquidity window.

IRDA mulls 5-year third party insurance for vehicles; what it will mean for you

For a vehicle owner, it reduces the hassle of renewing the policy every year. The customer can buy policy once and get a peace of mind for 3 to5 years.

CNBC-TV18 exclusive: The race for IRDA Chairman

Reports suggest that the race for the chairman's post at IRDA is heating up with five key contenders set to apply. CNBC-TV18's Yash Jain gave us all the exclusive details.

IRDA believes detachment of life insurance biz from Sahara Life in interest of policy holders

IRDA proposes tweaking ICICI Prudential - Sahara Life merger deal. CNBC-TV18's Yash Jain, who broke this news gave us these details.

IRDA board meet: Hits & misses

The insurance regulator, Insurance Regulatory and Development Authority (IRDA) is believed to have given the first level nod to Reliance Capital's health insurance arm. Watch accompanying video of CNBC-TV18’s Yash Jain for brief of all the action from the regulator's board meeting.

SBI Life Insurance targets cancer treatment

The company, launching a new term product to meet cancer treatment, said in the next few years, India would the the second biggest country of patients diagnosed with cancer.

Deposits left unclaimed for 10 yrs to be moved into Senior Citizen's Welfare Fund

The order said that insurance companies must get the details of such accounts and deposit the money before March next year.

IRDA gives in-principle approval for SBI Life IPO of Rs 7,400-8,500 cr

SBI Life is expected to raise Rs 7,400-8,500 crore through IPO, which valued it at Rs 65,000-70,000 crore, sources said.

HDFC Life-Max Life merger faces yet another regulatory hurdle

Sources have told CNBC-TV18 that the insurance regulator has sought a legal review on the proposed structure of the combine.

'Indian insurance sector to grow significantly in coming yrs'

The insurance industry in the country is set in the growth trajectory and is expected to grow significantly in the coming years due to rising financial literacy, according to a recent report.

Prem Watsa's Fairfax mulls stake sale in ICICI Lombard: Srcs

This move will facilitate Fairfax to entry into the general insurance space in India. Fairfax needs to bring down its stake to foray into general insurance as per norms.

Fresh merger structure to IRDA by Max Life-HDFC Life

In the wake of Insurance Regulatory and Development Authority of India's (IRDA) reservation about the deal structure in the proposed merger of Max Life Insurance Company with HDFC Life, a new structure is likely to be submitted soon, IRDA officials said.

HDFC Life, Max Life submit first set of arguments to IRDA: Srcs

Max Group and HDFC Life are in the process of sending their first set of arguments with repsect to the concerns, the Insurance Regulatory and Development Authority (IRDA) had raised on the merger model between the two companies, reports CNBC-TV18.

HDFC Life, Max merger: Cos to meet with IRDA, take up concerns

Management of the HDFC Standard Life and Max Financial Services will be submitting their first set of arguments this week with respect to concerns raised by IRDA with regards to the merger this week.