Page-5 of IRDAI Current Affairs, GK & News

IRDAI constitutes Suresh Mathur committee to review norms related to Insurance Marketing Firms

The Insurance Regulatory and Development Authority (IRDAI) has set up 10-member committee to review norms related to Insurance Marketing Firms (IMF) with an aim to increase insurance penetration in the country. The committee will be headed by Suresh Mathur (ED-IMF, IRDAI). Terms of Reference The committee has been asked to revisit IRDAI (Registration of Insurance ..

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Government appoints Subhash Chandra Khuntia as new chairman of IRDAI

The Appointments Committee of Cabinet (ACC) has appointed former chief secretary of Karnataka, Subhash Chandra Khuntia as new chairman of Insurance Regulatory and Development Authority of India (IRDAI). He will succeed TS Vijayan whose five-year term ended in February 2018. He will have tenure of period of three years from the date of joining. Subhash ..

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Cabinet approves IRDAI's admission as a signatory to IAIS, MMoU

The Union Cabinet approved Insurance Regulatory and Development Authority’s (IRDAI) admission as a signatory to International Association of Insurance Supervisors (IAIS), Multilateral Memorandum of Understanding (MMoU). The IAIS is a global framework for cooperation and information exchange between insurance supervisors. The IAIS-MMoU is a statement of its signatories’ intent to cooperate in the field of ..

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IRDAI allows Banks to tie up with insurers

The Insurance Regulatory and Development Authority of India (IRDAI) has allowed banks to tie up with insurers. This decision was taken as part of the IRDAI’s new Bancassurance model guidelines which will be notified soon. Prior to this decision, banks were not allowed to  have insurance agency tie-ups with more than one insurer. As per new ..

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Irdai sets up 3 committees to review regulations in insurance

In a row of recently passed Insurance Act, the Insurance Regulatory and Development Authority of India (IRDAI) have constituted three committees for review of regulations in insurance sector. These three committees are formulated to regulate Insurance sector in areas of life insurance, general insurance and re-insurance that also includes registration of foreign offices of reinsurers. Ever since the Insurance Act has ..

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