News From Press Irdai ups scrutiny of broking deals, approvals take longer

Irdai ups scrutiny of broking deals, approvals take longer

Source: ET Nov 30, 2023

The Insurance Regulatory and Development Authority of India (Irdai) has increased scrutiny on the ultimate beneficiaries in the transfer of shares within the insurance broking sector. This increased diligence has led to an extension in the approval timelines, with the three-four month period stretching (on average) to beyond nine months.

Click here to read

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

More articles you may wish to read

Why income plus arbitrage funds are gaining popularity

An underrated solution, finding its due: Radhika Gupta reacts on tax-efficient options beyond equities

Nifty up 13% from April’s low. How should mutual fund investors alter their investment strategy?

India to overtake Japan as Asia’s second-largest life insurance market: Allianz

Edelweiss Mutual Fund Expects To Launch Altiva SIF In Hybrid Category Soon, Says CEO Radhika Gupta

Premia hike casts a cloud over health insurance

Why claim settlement ratio should be your first check before buying insurance

Nifty still below peak, but why are these mutual funds at record-high NAVs?

The hidden financial burden of not having a claim-ready policy in place

Fake finfluencers misleading common man: What is SEBI doing to rein in the menace and is it enough?

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

How will the US tariffs impact the Indian economy over one year?

Indian economy will be negatively impacted

There will be little or no impact on Indian economy

Indian economy will be positively impacted

EVENTS