IRDA slaps fine of Rs 10 lakh on Tata AIA Life Insurance

Last Updated: Monday, July 6, 2015, 23:44

Insurance regulator IRDA Monday imposed a fine of Rs 10 lakh on Tata AIA Life Insurance for violation of excess payment to corporate agents.

Life insurance body apprehends PMJJBY viability

Last Updated: Sunday, July 5, 2015, 17:54

Apex body of life insurers, Life Insurance Council is working hard towards making the Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) attractive for its member companies apprehending its viability under the present pricing policy.

IRDA issues norms for safekeeping of electronic data

Last Updated: Friday, May 29, 2015, 22:34

Insurance regulator IRDA on Friday asked insurers to preserve all policies in electronic format and issued norms for maintaining and safe keeping of all e-records.

Sebi pitches for scaling up NCFE to complement Jan Dhan Yojana

Last Updated: Sunday, May 24, 2015, 10:55

It works with a vision of "a financially aware and empowered India".

LIC loses 5% new premium market share to rivals

Last Updated: Friday, May 1, 2015, 20:50

Riding high on Unit Linked Insurance Plans (Ulips), some 23 of them have eaten up a full 5 per cent of new premium market from LIC.

IRDA imposes Rs 60 lakh penalty on United India Insurance

Last Updated: Monday, April 27, 2015, 23:25

Insurance regulator IRDA Monday imposed a penalty of Rs 60 lakh on state-owned United India Insurance Company Ltd for violation of various regulatory provisions.

Global reinsurers make a beeline; RGA ropes in ex-LIC head

Last Updated: Wednesday, April 22, 2015, 10:29

Mathew joined RGA (Reinsurance Group of America) India as Managing Director and Chief Executive on March 30.

ESIC board to discuss other health insurance issue

Last Updated: Monday, April 6, 2015, 14:11

The Employees' State Insurance Corporation will discuss Tuesday a proposal to provide an option to its 1.95 crore subscribers to choose health insurance products available in the market in lieu of mandatory scheme run by it.

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.

After Llyod's, many other reinsurers keen to start operations in India

Last Updated: Tuesday, March 17, 2015, 12:53

The move is expected to stimulate the insurance sector and help bring in over Rs 50,000 crore in fresh capital, according to experts.

Insurance industry welcomes new law freeing agency commission

Last Updated: Sunday, March 15, 2015, 13:43

Insurance industry has welcomed the new law that empowers regulator Irda to fix agency commission, saying this will help arrest the high attrition rate, which has been dogging the sector for many years.