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'Insurance FDI via FIPB reduces regulator's powers'

Last Updated: Saturday, July 19, 2014, 14:16

The central government`s proposal to approve foreign direct investment (FDI) in the insurance sector through the Foreign Investment Promotion Board (FIPB) is seen as clipping the sectoral regulator`s wings and also a face saving measure by the BJP, say insurance officials.

ICICI Lombard under IRDA scanner for alleged irregularities

Last Updated: Friday, March 14, 2014, 17:01

The IRDA is carrying out a "focused inspection" with respect to these schemes, said the letter.

Adopt reasonable font size in policy forms: IRDA to insurers

Last Updated: Tuesday, December 10, 2013, 22:33

Insurance regulator IRDA Tuesday asked all insurers to adopt a reasonable font size so that the policy holders are not at discomfort while reading forms.

Irda allows banks to act as insurance brokers

Last Updated: Friday, August 09, 2013, 22:09

Insurance regulator Irda has allowed banks to act as brokers and sell products of more than one insurer so as to increase the penetration of the sector across the country.

Irda asks Bajaj Allianz to adhere to claim settlement norms

Last Updated: Tuesday, January 08, 2013, 16:54

Taking serious note of violation of claims servicing regulations by Bajaj Allianz General Insurance, insurance regulator Irda has asked it to 'scrupulously adhere' to the norms.

Residence proof norms for micro-insurance products eased

Last Updated: Sunday, December 30, 2012, 12:28

Insurance regulator IRDA has decided to relax the requirement of written confirmation from banks as a proof of residence for micro-insurance policy seekers from remote areas.

Policy holders need safeguards in new life insurance norms: Experts

Last Updated: Thursday, October 04, 2012, 12:12

The insurance regulator has to put in various safeguards for the policy holder while changing rules to comply with the government's recent decisions on life insurance, industry experts say.

IRDA proposes greater investment freedom to insurers

Last Updated: Monday, August 06, 2012, 22:15

Insurance regulator IRDA Monday came out with three draft guidelines with a view to giving greater freedom to life and non-life insurance companies to participate in money market operations.

FM asks IRDA to check 'suicidal competition' among insurers

Last Updated: Wednesday, April 04, 2012, 18:13

The government on Wednesday asked insurance regulator IRDA to take steps to contain the tendency of "suicidal competition" among insurance companies, which are undercutting one another by offering policies at low premium to grab a bigger market share.

'No proposal to shift to paperless insurance model'

Last Updated: Monday, March 26, 2012, 20:48

Insurance regulator IRDA is not considering any proposal to shift the sector to a paperless model, but customers can opt for e-insurance.

IRDA asks agent training institutes to register as companies

Last Updated: Sunday, January 15, 2012, 12:47

To eliminate non-serious players, the insurance regulator IRDA has asked all existing agent training institutes (ATIs) to get themselves registered either as a company or trust by June.

PAN must for payment of premium above Rs 50,000 in cash: IRDA

Last Updated: Thursday, October 06, 2011, 16:34

Insurance regulator IRDA on Thursday said that quoting PAN number would be mandatory for making cash payments of more than Rs 50,000 in insurance premium, a move which would help the authority track sources of funds.