Llyod's in talks with IRDA to set up re-insurance biz in India

Last Updated: Sunday, March 15, 2015, 12:54

UK-based re-insurer Llyod's has initiated talks with insurance regulator IRDA for starting operations in India and opening offices here.

Financial stocks gain on insurance bill hopes

Last Updated: Thursday, March 12, 2015, 13:07

Hopes of increase in insurance FDI today pushed the share prices higher for the companies with interest in the insurance sector, with Max India leading the charts with over 11 percent gains.

Insurance Bill to be taken up in Rajya Sabha today

Last Updated: Thursday, March 12, 2015, 09:32

Formally called the Insurance Laws (Amendment) Bill, it seeks to replace an ordinance that was promulgated earlier.

IRDA Draft on hike in premium for 3rd party motor insurance

Last Updated: Tuesday, March 10, 2015, 21:18

Insurance sector regulator IRDA Tuesday floated a draft proposal seeking to raise premium rates for third party motor insurance cover for the fiscal beginning April 1, 2015.

Insurance Bill gets Lok Sabha nod; set to face hurdles in Rajya Sabha

Last Updated: Wednesday, March 4, 2015, 18:56

The controversial Insurance Bill, a key reform legislation, Wednesday cleared the Lok Sabha hurdle easily but the problem of numbers in Rajya Sabha prompted the government to say that it will convene Joint Session if it is defeated in the Upper House.

Lok Sabha passes Insurance Bill to replace Ordinance

Last Updated: Wednesday, March 4, 2015, 18:07

Lok Sabha on Wednesday passed the Insurance Bill to replace an ordinance in this regard.

Insurance industry threatens to go on nation-wide stir

Last Updated: Friday, February 27, 2015, 17:49

Opposing the proposed bill allowing foreign direct investments in insurance sector, the General Insurance Employees' All India Association has threatened to stage a nation-wide stir if the Centre goes ahead with its proposal.

Insurance cos can hire agents without IRDA license from April 1

Last Updated: Thursday, February 26, 2015, 17:15

Insurance Regulatory and Development Authority of India (IRDA) Thursday said insurance companies can appoint individual agents on their own without license from the regulator from April 1.

IRDA gives nod for Rs 1,500-crore nuclear liability pool

Last Updated: Monday, February 23, 2015, 18:33

Insurance sector regulator IRDA has given in-principle approval for setting up of Rs 1,500 crore nuclear liability pool for providing risk cover to nuclear reactors.

IRDA likely to issue new norms for insurers' bank tie-ups

Last Updated: Thursday, February 12, 2015, 19:46

Regulator IRDA is likely to issue new guidelines for life insurers for distribution tie-ups with banks, while "open architecture" may be made mandatory to allow banks to sell products of more than one insurance company.

Third-party motor cover has industry in tizzy

Last Updated: Sunday, February 8, 2015, 21:35

Following the Insurance Ordinance, the regulator Irda has clarified that each general insurer has to ensure that third-party cover is made available to the insured in proportion of its market share.

Insurance cos settled 90% claims made after HudHud: IRDA

Last Updated: Thursday, February 5, 2015, 18:02

Insurance companies have settled almost 90 percent of over Rs 2,700 crore claims made after 'Hudhud' cyclone in Visakhapatnam last year, a senior Insurance Regulatory and Development Authority of India official said on Thursday.