Check misuse of user-id, password: CVC to banks, insurance firms

Last Updated: Monday, August 3, 2015, 15:24

It was also noticed that the officers were not frequently changing their password. "

CCI imposes Rs 671 crore fine on four state-run insurers

Last Updated: Thursday, July 16, 2015, 20:11

Competition Commission has imposed a penalty of Rs 251.07 crore on New India Assurance, Rs 162.8 crore on National Insurance, Rs 156.62 crore on United India Insurance and Rs 100.56 crore on Oriental Insurance, respectively.

Insurers allowed to set up offices in SEZs

Last Updated: Wednesday, April 8, 2015, 17:16

Domestic and foreign insurance companies have been allowed to set up IFSC Insurance Office in special economic zones if they meet certain conditions.

IRF turnover nears Rs 5 lakh cr-level in FY'15

Last Updated: Sunday, April 5, 2015, 16:44

The cash settled instrument, which was launched in the capital markets in January 2014, had recorded a turnover of Rs 39,944 crore during 2013-14.

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.

Norms tightened for appointment of agents by insurers

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.

Insurance firms lingering on settling claims: Consumer forum

Last Updated: Sunday, January 20, 2013, 10:07

Insurance firms are lingering on settlement of claims and using the money legally entitled to the insured for as long as they can, amounting to unfair trade practices, a consumer forum has held.

PSUs, insurance firms face tough time in consumer fora in 2012

Last Updated: Tuesday, December 25, 2012, 10:59

Insurance firms and PSUs had to face some tough time in 2012 from the consumer fora which pulled up these entities for causing a rise in frivolous litigation.

Insurance firms being probed for evasion of service tax

Last Updated: Friday, December 7, 2012, 14:24

Several insurance firms and companies are being probed for suspected evasion of service tax and recoveries have been made in some cases, Finance Minister P Chidambaram told Lok Sabha on Friday.

Govt to relax equity dilution norms for insurance firms

Last Updated: Thursday, August 25, 2011, 16:26

The government is likely to soon relax the norms for dilution of stake by Indian promoters of insurance companies, a move that will pave the way for Reliance Life to sell a 26 percent stake to Nippon of Japan.

IRDA releases norms for stake transfer by insurance firms

Last Updated: Friday, August 12, 2011, 18:56

Insurance regulator IRDA on Friday made it mandatory for insurers to seek prior approval in case of stake transfer to domestic entities or financial institutions and set guidelines for seeking approval.