News From Press Irdai rejects general insurers' call for blanket easing of solvency margins

Irdai rejects general insurers' call for blanket easing of solvency margins

Source: Business Standard Apr 11, 2020

The Insurance Regulatory and Development Authority of India (Irdai) has turned down a request made by general insurance companies for a blanket relaxation of solvency margins due to Covid-19. However, it said specific cases would be considered on merit.

Last month, the General Insurance Council (GI Council), in a letter to the Irdai had sought relaxations in certain regulatory requirements, such as those related to solvency ratio.

Click here to read more>>

Like what you are reading?

Login to get instant access to this article and many other such articles on business development, success stories and industry updates.

Don't worry ... it's FREE!

Have a query or a doubt?
Need a clarification or more information on an issue?
Cafemutual welcomes all mutual fund and insurance related questions. So write in to us at newsdesk@cafemutual.com

Latest Articles

Insurers receptive to covering chronic ailments, declare PEDs honestly

Fractional ownership in real estate via SM REITs: 5 important features retail investors must know

Most foreign fund houses miss India growth train

Choose Aadhaar-based KYC: Once done, you may invest across fund houses

SEBI makes nomination optional for joint mutual fund portfolios

1.3 crore mutual fund accounts on hold due to incomplete KYC; how MF investors can check KYC status online

Where do HNIs in India prefer to invest these days?

Health insurance rules changed for senior citizens: Be ready for a 10-15% hike in health insurance premiums

MF Query: Why step up SIP? “The value of your Rs 1 cr portfolio will only be Rs 50 lakh in 10 years”

Why invest in silver through ETFs?

Click to clap

Disclaimer: Cafemutual is an industry platform of mutual fund professionals. Our visitors are requested to maintain the decorum of the platform when expressing their thoughts and commenting on articles. Viewers are advised to refrain from making defamatory allegations against individuals. Those making abusive language or defamatory allegations will be blocked from accessing the web site.

0 Comment

Be the first to comment.

More than 2,07,000 of your industry peers are staying on top of their game by receiving daily tips, ideas and articles on growth strategies. Join them and stay updated by subscribing to Cafemutual newsletters.

Fill in the below details or write to newsdesk@cafemutual.com and subscribe to Cafemutual Newsletter now.

POLL

MORE POLLS

AMCs can pay trail commission to the new distributor if investors initiate transfer of their assets. How will this impact you?

Help me get clients of other distributors who are underserved

Lead to poaching of clients

No significant effect on my business

EVENTS FORUMS