IRDAI PRODUCT REGULATION 2013
Lok Sabha passes bill to set up unified body to regulate IFSCs
"... we are bringing several regulators together as one unit to the limited extent of dealing with various institutions which are present in the IFSC," Finance Minister Nirmala Sitharaman said. All the laws of land, including the Prevention of Money Laundering Act, will apply. The unified authority will act as a single-window for regulating various financial activities in the IFSC, she said.
RS passes International Financial Services Bill
The Upper House passed International Financial Services Authority Bill, 2019 which will set u...
IRDAI proposes to reduce sum insured on standard health indemnity insurance to Rs 5 lakh
IRDAI proposed to mandate all general and health ins...
No depreciation for cars up to 3 yrs, sum insured based on on-road price: IRDAI proposal
The Working Group made various recommendations, after which it has been decided to work on the product design and draw up the proposed policy wordings, including the terms and conditions in plain language, keeping the large motor segment in mind.
Postmen, grameen dak sevaks may soon start selling insurance policies
The IPPB, which is a corporate agent, can seek permission from Irdai for sponsoring postmen and grameen dak sevaks of Department of Posts (DoP) to act as Point of Salesperson (PoS), Irdai said. ln case the authority grants permission, IPPB shall be responsible for all acts of omission and commission of the persons appointed as PoS, it added.
TCS, Wipro in fray to manage Irdai's Business Analytics Project
Irdai said TCS, Larsen and Toubro InfoTech, Wipro and EIT Service India Private Ltd (a DXC Technology company) have been shortlisted for the next round of bidding. L&T InfoTech has been providing BAP services on a BOT (Build, Operate and Transfer) model to Irdai since 2011. The contract is expiring this month.
IRDAI opens application window for regulatory sandbox participation
IRDAI said that the first window for applications will open from September 15 to October 13.
Sebi wants to boost employee productivity with gymnasium and trainers
The markets regulator will also hire a firm to look after floral managements at the office.
Irdai sets up panel to evaluate application under regulatory sandbox
Regulatory Sandbox (RS) usually refers to live testing of new products or services in a controlled/test regulatory environment for which regulators may permit certain relaxations for the limited purpose of testing.
`Multiple regulators restricting corp bond market development'
"Since there are more players, I think the coordination takes a bit more time," he said.
Buying life insurance policy? Here's why you should wait till December 1
There is a reason why insurance agents are pushing policyholders to buy policies before 30 November.
How and where to check death claim settlement ratio of life insurers
Life insurers are required to show the details of individual and group death claims ratio on their websites separately. If they are showing a death claim ratio by clubbing the data for individual and group policies, they are violating IRDAI rules.
IRDAI sets up panel to standardise title insurance for home buyers in India
Title insurance products are currently offered by only a few General Insurers in the Indian market.
DHFL's insurance arms solvent, safe: IRDAI chief
Troubled DHFL has two insurance subsidiaries - DHFL Pramerica Life insurance and DHFL General Insurance.
Insurers can change rates by up to 15% without IRDAI nod
IRDAI has now allowed insurers to alter the mode of premium payment to an instalment basis without having to file the product afresh with it.
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