Sebi pitches for scaling up NCFE to complement Jan Dhan Yojana
It works with a vision of "a financially aware and empowered India".
May 24, 2015, 10:55 AM IST
LIC loses 5% new premium market share to rivals
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.
May 01, 2015, 20:50 PM IST
IRDA imposes Rs 60 lakh penalty on United India Insurance
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.
Apr 27, 2015, 23:25 PM IST
Global reinsurers make a beeline; RGA ropes in ex-LIC head
Mathew joined RGA (Reinsurance Group of America) India as Managing Director and Chief Executive on March 30.
Apr 22, 2015, 10:29 AM IST
ESIC board to discuss other health insurance issue
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.
Apr 06, 2015, 14:11 PM IST
Changing nominee in life insurance policies to cost Rs 100 now
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.
Apr 03, 2015, 18:31 PM IST
IRDA slaps Rs 20 lakh fine on Apollo Munich Health Insurance
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.
Mar 23, 2015, 20:37 PM IST
After Llyod's, many other reinsurers keen to start operations in India
The move is expected to stimulate the insurance sector and help bring in over Rs 50,000 crore in fresh capital, according to experts.
Mar 17, 2015, 12:53 PM IST
Insurance industry welcomes new law freeing agency commission
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.
Mar 15, 2015, 13:43 PM IST
Llyod's in talks with IRDA to set up re-insurance biz in India
UK-based re-insurer Llyod's has initiated talks with insurance regulator IRDA for starting operations in India and opening offices here.
Mar 15, 2015, 12:54 PM IST
Financial stocks gain on insurance bill hopes
Hopes of increase in insurance FDI today pushed the share prices higher for the companies with interest in the insurance sector, with Max India leading the charts with over 11 percent gains.
Mar 12, 2015, 13:07 PM IST
Insurance Bill to be taken up in Rajya Sabha today
Formally called the Insurance Laws (Amendment) Bill, it seeks to replace an ordinance that was promulgated earlier.
Mar 12, 2015, 09:32 AM IST
IRDA Draft on hike in premium for 3rd party motor insurance
Insurance sector regulator IRDA Tuesday floated a draft proposal seeking to raise premium rates for third party motor insurance cover for the fiscal beginning April 1, 2015.
Mar 10, 2015, 21:18 PM IST
Insurance Bill gets Lok Sabha nod; set to face hurdles in Rajya Sabha
The controversial Insurance Bill, a key reform legislation, Wednesday cleared the Lok Sabha hurdle easily but the problem of numbers in Rajya Sabha prompted the government to say that it will convene Joint Session if it is defeated in the Upper House.
Mar 04, 2015, 18:56 PM IST
Lok Sabha passes Insurance Bill to replace Ordinance
Lok Sabha on Wednesday passed the Insurance Bill to replace an ordinance in this regard.
Mar 04, 2015, 18:07 PM IST
Insurance industry threatens to go on nation-wide stir
Opposing the proposed bill allowing foreign direct investments in insurance sector, the General Insurance Employees' All India Association has threatened to stage a nation-wide stir if the Centre goes ahead with its proposal.
Feb 27, 2015, 17:49 PM IST
Insurance cos can hire agents without IRDA license from April 1
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.
Feb 26, 2015, 17:15 PM IST
IRDA gives nod for Rs 1,500-crore nuclear liability pool
Insurance sector regulator IRDA has given in-principle approval for setting up of Rs 1,500 crore nuclear liability pool for providing risk cover to nuclear reactors.
Feb 23, 2015, 18:33 PM IST
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 IST
Third-party motor cover has industry in tizzy
Following the Insurance Ordinance, the regulator Irda has clarified that each general insurer has to ensure that third-party cover is made available to the insured in proportion of its market share.
Feb 08, 2015, 21:35 PM IST
