Last Updated: Tuesday, March 17, 2015, 23:43
The country's insurance regulator Tuesday said an insurer will be responsible for all acts and omissions of its agents and will be liable to a penalty of up to Rs 1 crore.
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.
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: 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: Sunday, August 26, 2012, 11:51
Leading private sector insurer Reliance Life Insurance will target small cities and rural areas to hire over 5,000 advisers on fixed-salary basis by the end of this fiscal.
Last Updated: Monday, June 18, 2012, 20:57
To ensure continuity of services, sectoral regulator IRDA Monday said life insurance companies will have to allot new agents to policyholders in case of removal of existing agents.
Last Updated: Sunday, December 11, 2011, 10:15
Only those entities that are registered under the Companies Act and the Societies Registration Act and have more than three years of experience will be eligible for accreditation as institutes for training insurance agents.
Last Updated: Monday, August 22, 2011, 18:44
Total assets managed by life insurance companies went up by 11.38 percent to cross Rs 15 lakh crore mark in the first quarter of 2011-12.
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