Changing nominee in life insurance policies to cost Rs 100 now

Last Updated: Friday, April 3, 2015, 18:31

Cancellation or change in nomination in insurance policies now comes at a cost as regulator IRDAI has allowed life insurers to charge up to Rs 100 for any such modification.

IRDA slaps Rs 20 lakh fine on Apollo Munich Health Insurance

Last Updated: Monday, March 23, 2015, 20:37

Insurance regulator IRDA has slapped a fine of Rs 20 lakh on Apollo Munich Health Insurance Company, mostly for selling its policies through the website of makemytrip.Com, which is not authorised to sell insurance.

RBI eases investment norms for NBFCs in insurance ventures

Last Updated: Thursday, November 28, 2013, 19:38

The Reserve Bank Thursday relaxed norms for non-banking finance companies (NBFCs) in insurance joint ventures by allowing them to hold more than 50 percent in such companies.

Reforms possible only with broad consensus: Pranab

Last Updated: Friday, May 11, 2012, 19:34

A day after some UPA allies forced the government to defer amendment to the Insurance Act, Finance Minister Pranab Mukherjee on Friday said in a federal structure with multi-party democracy reforms are possible only with broad consensus after dialogues and discussions.