IRDA likely to issue new norms for insurers' bank tie-ups
Regulator IRDA is likely to issue new guidelines for life insurers for distribution tie-ups with banks, while "open architecture" may be made mandatory to allow banks to sell products of more than one insurance company.
Feb 12, 2015, 19:46 PM ISTLife insurance policy holders may get 15% cut in premiums
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.
Jan 16, 2015, 21:23 PM IST