Page-4 of IrDA Current Affairs, GK & News

More regulatory reforms for insurance sector to spur growth: IRDA chief

As per Insurance Regulatory and Development Authority (IRDA) Chairman T. S. Vijayan, the insurance industry will undergo another round of regulatory reforms, particularly focused on distribution channel, to instill growth. As per him, IRDA is focusing on bank channels and sub-broker level distribution and citizen service centres (CSCs) for better growth prospects. The insurance penetration ..

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IRDA relaxes investment norms

Insurance Regulatory and Development Authority (IRDA) has relaxed the investment norms for the firms like Housing finance and infrastructure finance companies to allow these companies to get higher funding from the insurance companies. Steps taken by IRDA: The investments in debt instruments issued by housing finance companies as specified in the investment regulations shall not ..

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Srikrishna committee: ‘Common regulator for financial sector’

As per the suggestions made by Financial Sector Legislative Reforms Commission (FSLRC), headed by former Justice B. N. Srikrishna, key regulators such as the Securities and Exchange Board of India (SEBI), the Insurance Regulatory and Development Authority (IRDA), the Pension Fund Regulatory and Development Authority (PFRDA) and the Forward Markets Commission (FMC) should be merged ..

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