Page-2 of IrDA
SBI Life Insurance to appeal against the order of IRDA to refund Rs.275 crore
The Private sector life insurer, SBI Life Insurance would appeal against the order of Insurance Regulatory and Development Authority (IRDA) to refund Rs.275 crore to the policy holders of Dhanaraksha Plus Limited Premium Paying Term (LPPT), a group insurance policy. ..
Month: Current Affairs - March, 2014
Govt. allows FIIs, NRIs to invest in insurance sector
The Union Government has allowed 26% foreign investment in insurance sector in activities related to insurance viz. broking, Third Party Administrators (TPAs) and surveyors and permitted Foreign Institutional Investors (FIIs) and Non-Resident Indians (NRIs) to also invest in insurers within ..
Month: Current Affairs - February, 2014
Justice B.N.Srikrishna Committee recommendations to be reviewed by a 9-member IRDA panel
The Insurance Regulatory and Development Authority (IRDA) set up a 9-member panle to review the 14 non-legislative recommendations made by the Financial Sector Legislative Reforms Commission (FSLRC). The role of panel is to: Examine the extant legislative and regulatory framework ..
Month: Current Affairs - February, 2014
Insurance broking model to be compulsory for banks soon: IRDA
Soon, the Insurance Regulatory and Development Authority (IRDA) may make the broking model for banks compulsory if significant traction is not achieved in Insurance penetration. Data from the IRDA shows that at present, India stands much below the global average ..
Month: Current Affairs - January, 2014
‘Money Maxima’: A new product by Tata AIA Life launched
Tata AIA Life Insurance launched a product ‘Money Maxima’, a long-term plan which is compliant with new IRDA guidelines. What is Money Maxima? Money Maxima is a long term plan that offers the dual benefits of both guaranteed and non-guaranteed ..
Month: Current Affairs - January, 2014
Suresh Mathur Committee: IRDS sets up panel to study FDI in insurance intermediaries & TPA
The insurance sector regulator, Insurance Regulatory and Development Authority (IRDA) set up a 10-member committee to study the options of allowing 100 % Foreign Direct Investment (FDI) in insurance intermediaries, Third-Party Administrators (TPA), surveyors and loss assessors. The 10-member committee ..