Last Updated: Sunday, January 25, 2015, 11:13
Observing policyholders' right to effect changes in nomination, sectoral regulator IRDA is proposing to do away with the practice of charging fee for such alterations by life insurance companies.
Last Updated: Sunday, January 18, 2015, 17:14
Insurance sector regulator IRDA is evaluating fresh norms for banks to act as intermediaries for insurers, following recent changes in law brought through an ordinance by the government.
Last Updated: Friday, January 16, 2015, 21:23
Life insurance policy holders, who opt for electronic format of policy, may now get a 10-15 percent reduction in their premiums as IRDA has revised guidelines with regard to repositories and dematerialisation.
Last Updated: Thursday, January 15, 2015, 21:01
Seeking to increase insurance penetration in the country, the Reserve Bank on Thursday allowed banks to act as brokers for insurers, set up their own subsidiaries and also undertake referral services for multiple companies.
Last Updated: Thursday, January 15, 2015, 20:44
The Reserve Bank on Thursday allowed banks to act as insurance brokers.
Last Updated: Sunday, January 4, 2015, 16:43
Under the newly promulgated Ordinance, insurers cannot appoint any "principal agent, chief agent and special agent", neither they can transact any insurance business through them.
Last Updated: Monday, December 29, 2014, 22:01
IRDA on Monday clarified that under lender-borrower scheme life insurance companies will make payment of outstanding loan to lenders in case of eventuality to an individual covered under the group insurance scheme.
Last Updated: Sunday, December 28, 2014, 14:14
To help consumers guard against bogus claims being made by insurers, sector regulator IRDA has said the companies will have to clearly define conditions along with benefits and riders of products to customers.
Last Updated: Thursday, December 25, 2014, 19:13
The number of complaints dropped to 63,335 in 2013-14 from 1,86,615 in 2009-10, the report released jointly by Insurance Regulatory and Development Authority (Irda) and Consumer Affairs Department said.
Last Updated: Thursday, December 18, 2014, 16:56
"Last year, the total premium in new business was Rs 145 crore. This year we are expecting Rs 200 crore", Aegon Religare Life Insurance Managing Director and CEO K S Gopalakrishnan told reporters here.
Last Updated: Thursday, December 18, 2014, 16:33
The domestic insurance industry needs investments worth up to Rs 60,000 crore in next five years to increase the penetration levels substantially from the current 3.9 percent, Insurance Regulatory and Development Authority Chairman, T S Vijayan has said.
Last Updated: Thursday, December 11, 2014, 20:15
Financial regulators, including RBI, Sebi and IRDA, are working on creating a common account aggregation facility, which may allow people to get details of all their financial assets in one place.
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