Insurance

Government allows LIC to invest up to 25 percent in listed companies

Currently the giant insurer can invest only 10 percent in listed companies.

by Team Cafemutual Nov 23, 2012

IRDA planning to set up product specific committee

These committees will help to speeden product approval process.

by Team Cafemutual Nov 20, 2012

IRDA: Standard product guidelines will be released by first week of December

Product clearance period will decrease to one month from three months.

by Pallabika Nov 19, 2012

IRDA allows 3 web aggregators to continue their business

A number of web aggregators have moved out of the industry due to stringent regulations.

by Pallabika Oct 31, 2012

General Insurers met the FM to discuss initiatives to grow the industry

Insurers will propose changes in health insurance and de-tariffing of third party motor insurance in the next meeting.

by Pallabika Oct 25, 2012

IRDA initiates the process of appointing a new chairman

J Hari Narayan will retire in February 2013.

by Team Cafemutual Oct 16, 2012

IRDA caps the commission structure

Insurers agree it will curb mis-selling but worried that small distributors may exit

by Pallabika Oct 16, 2012

Insurers to meet the FM to discuss taxation issues early next month

Efforts to make the insurance sector more vibrant and healthy continue.

by Pallabika Oct 11, 2012

IRDA asks banks to be either act as a broker or agent

Bancassurance can involve a single relationship with an insurance company or with multiple insurers across states.

by Team Cafemutual Oct 11, 2012

FDI in insurance hiked to 49 percent from 26 percent

This move by the cabinet will give a boost to the insurance sector.

by Team Cafemutual Oct 5, 2012

Insurers welcome the proposed opening up of banks to multiple insurers

Banks to act as brokers by selling insurance products of more than one insurer.

by Pallabika Oct 4, 2012

FM announces measures to revive the insurance sector

The finance minister simplifies and eases many regulations to boost the sector.

by Pallabika Oct 3, 2012

IRDA Chairman discusses measures with the Finance Minister

The regulator and the ministry are planning a slew of measures for the growth of the insurance industry.

by Pallabika Sep 27, 2012

IRDA Chairman Hari Narayan to meet the Union Finance Minister to discuss reforms in the insurance industry

IRDA Chairman keen to discuss the tax issues with the ministry.

by Pallabika Sep 25, 2012

IRDA asks insurers to re-file pension products

The products proposals filed with the regulator are more serving the purpose of mutual fund and not pension, says IRDA.

by Pallabika Sep 24, 2012

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