The Insurance Regulatory and Development Authority of India has issued against dealing with a Bangalore-based entity - 'Digital National Motor Insurance'.
According to an official, the regulator did not find anything wrong with its investment pattern in PSU banks. Earlier, the RBI had expressed concern over LIC making huge investments in PSU banks, saying it can “affect the f
In September 2013, Insurance Regulatory and Development Authority of India (Irdai) had launched the insurance repository system as a pioneering act even at a global level.
Four months after the Foreign Investment Promotion Board and the Competition Commission of India had cleared European insurance major AXA SA’s proposal to hike its stake in its life and non-life insurance ventures with Bhar
Insurance industry in the last few years had seen muted growth , but participants believes that with FDI up to 49% in Insurance sector more players will bring in capital to expand their business...
Public sector insurance companies, including New India Assurance, have suggested retention of the five per cent compulsory reinsurance business with state-owned GIC Re.
Irdai in the first week of July had sent exposure drafts on investments that mandated at least 25% of unit linked insurance plans Ulips funds to be invested in central government securities.
The draft guidelines issued by Irdai mandate at least 25% of Ulip funds to be invested in Central government securities. Industry players believe this move could lead to lower participation from retail investors